Is Tipp City, 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, Tipp City has remained a Seller's Market.
Key Takeaway
Tipp City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tipp City, OH
How much do homes in Tipp City, OH cost?
Median Sold Price
$350,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tipp City have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Tipp City was $350,000 in May 2024, up 1.3% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85K | N/A |
| 2 Bedrooms | $158.5K | $202.5K | +27.8% |
| 3 Bedrooms | $274.2K | $307K | +11.9% |
| 4 Bedrooms | $383.7K | $385K | 0.3% |
| 5+ Bedrooms | $429.9K | $477.7K | +11.1% |
Summary: Tipp City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Monroe Township | $295.9K | $305K | +3.0% |
| Tipp City | $345.5K | $350K | +1.3% |
| Bethel Township | $285K | $249K | -12.6% |
Housing Supply in Tipp City, OH
How many homes are available in Tipp City, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 92 | +9.5% |
Summary: The Tipp City real estate market had 92 homes for sale in May 2024, a 9.5% 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 | 8 | 9 | +12.5% |
| 3 Bedrooms | 42 | 45 | +7.1% |
| 4 Bedrooms | 29 | 31 | +6.9% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Tipp City 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 increased by 12.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tipp City, you may be able to get a good deal. 36% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Tipp City in May 2024, up by 19.0% month-over-month. Of the 25 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% were sold over asking.
Days on Market for Tipp City, OH
How long does it take to sell a home in Tipp City, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 88 Days | 87 Days | -0.2% |
Summary: Homes in Tipp City had an average of 87 days on market in May 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tipp City has remained consistent over time.
Summary: During May 2024, 25 homes were sold in Tipp City; 0% of homes were sold within 30 days, 72% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.