Is Tippecanoe County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tippecanoe County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Tippecanoe County has remained a Seller's Market.

Key Takeaway

Tippecanoe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Tippecanoe County, IN

How much do homes in Tippecanoe County, IN cost?

Median Sold Price

$309,000

$166/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$4,000(+1.3%)

Key Takeaway

Homes in Tippecanoe County have sold for 1.3% more than they did a month ago.

Summary: The median home sold price in Tippecanoe County was $309,000 in October 2024, up 1.3% from last month, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $62K-
N/A
2 $208.5K$195K
-6.5%
3 $294.9K$292.5K
-0.8%
4 $322.5K$374K
+16.0%
5+ $670K$640K
-4.5%

Summary: Tippecanoe County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 4.5%.

Median Sold Price Compared To Nearby Counties

Warren County
+38.6%
Tippecanoe County
+1.3%

Housing Supply in Tippecanoe County, IN

How many homes are available in Tippecanoe County, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
459514+12.0%

Summary: The Tippecanoe County real estate market had 514 homes for sale in October 2024, a 12.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 45
+25.0%
2 4452
+18.2%
3 225258
+14.7%
4 151157
+4.0%
5+ 3542
+20.0%

Summary: The Tippecanoe County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
120156+30.0%

Asking Price vs. Sold Price

73 Homes Were Sold
Under Asking

42 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tippecanoe County, you may be able to get a good deal. 48% of homes here sold below asking price last month.

Summary: A total of 156 homes were sold or pending in Tippecanoe County in October 2024, up by 30.0% month-over-month. Of the 152 sold homes, 48% were sold under asking, 28% were sold at asking, and 24% were sold over asking.

Days on Market for Tippecanoe County, IN

How long does it take to sell a home in Tippecanoe County, IN?

Average Sale Time

Sep 2024Oct 2024CHANGE
11 Days20 Days+69.5%

Summary: Homes in Tippecanoe County had an average of 20 days on market in Oct 2024, up by 69.5% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tippecanoe County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 156 homes were sold in Tippecanoe County; 4% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Tippecanoe County, IN

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