Is Tiffin, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tiffin is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Tiffin has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Tiffin, OH

How much do homes in Tiffin, OH cost?

Median Sold Price

$176,800

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,883(+10.6%)

Key Takeaway

Homes in Tiffin have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Tiffin was $176,800 in November 2024, up 10.6% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $115K-
N/A
2 $150K$138K
-8.0%
3 $155.9K$171.9K
+10.2%
4 $240K$288K
+20.0%
5+ $150K$225K
+50.0%

Summary: Tiffin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.

Median Sold Price Compared To Nearby Cities

Clinton Township
+17.9%
Tiffin
+10.6%
Hopewell Township
+10.0%

Housing Supply in Tiffin, OH

How many homes are available in Tiffin, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7066-5.7%

Summary: The Tiffin real estate market had 66 homes for sale in November 2024, a 5.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2219
-13.6%
3 3233
+3.1%
4 118
-27.3%
5+ 56
+20.0%

Summary: The Tiffin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1716-5.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tiffin, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Tiffin in November 2024, down by 5.9% month-over-month. Of the 16 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for Tiffin, OH

How long does it take to sell a home in Tiffin, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days55 Days+42.1%

Summary: Homes in Tiffin had an average of 55 days on market in Nov 2024, up by 42.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tiffin has remained consistent over time.

Summary: During November 2024, 16 homes were sold in Tiffin; 25% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 19% 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 2 Days Ago

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