Is Tiffin, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Tiffin has remained a Seller's Market.
Housing Prices in Tiffin, OH
How much do homes in Tiffin, OH cost?
Median Sold Price
$169,500
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tiffin was $169,500 in May 2024, up 13% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67K | $115K | +71.6% |
2 Bedrooms | $129.9K | $135K | +3.9% |
3 Bedrooms | $154K | $171.9K | +11.6% |
4 Bedrooms | $225K | $245K | +8.9% |
5+ Bedrooms | $140K | $225K | +60.7% |
Summary: Tiffin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.6%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 60.7%.
Median Sold Price Compared To Nearby Cities
Tiffin | $150K | $169.5K | +13.0% |
Clinton Township | $242.3K | $247.4K | +2.1% |
Housing Supply in Tiffin, OH
How many homes are available in Tiffin, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 54 | +12.5% |
Summary: The Tiffin real estate market had 54 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 7 | -30.0% |
3 Bedrooms | 30 | 32 | +6.7% |
4 Bedrooms | 8 | 14 | +75.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Tiffin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Tiffin in May 2024, down by 8.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 35 Days | +3.9% |
Summary: Homes in Tiffin had an average of 35 days on market in May 2024, up by 3.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Tiffin; 36% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.