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Homes for sale in Tippecanoe County asked the same amount of money in July – see the current median price here
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Homes for sale in Tippecanoe County asked the same amount of money in July – see the current median price here

The median home price in Tippecanoe County was listed at $429,900 in July, the same level as the previous month, an analysis of Realtor.com data shows.

Compared to July 2023, the median home list price increased 10.3% from $389,900.

The statistics in this article only apply to homes listed for sale in Tippecanoe County, not homes that have sold. Local housing market information, along with other useful community data, is available at data.jconline.com.

The median home in Tippecanoe County was 2,472 square feet and priced at $173 per square foot. The price per square foot of homes for sale has increased by 7.1% since July 2023.

Properties for sale in Tippecanoe County increased rapidly, averaging 26 days on the market, compared to the national average for July of 50 days on the market. In the previous month, homes spent an average of 21 days on the market. In July, about 168 new homes were listed for sale, a 14.3% decrease compared to the 196 new properties listed for sale in July 2023.

Average home prices published by Realtor.com may exclude many, or even most, homes in a market. Price and volume represent only single-family homes, condos, or townhomes. They include existing homes, but exclude most new construction, as well as pending and contingent sales.

Across the Lafayette-West Lafayette metro area, median home prices rose to $397,050, up slightly from the previous month. The median home was 2,297 square feet, at a list price of $169 per square foot.

In Indiana, the median home price was $309,450, down slightly from June. The median home for sale in Indiana was 1,975 square feet, priced at $157 per square foot.

Across the United States, the median home price was $439,950, down slightly from the previous month. The average American home for sale had a floor area of ​​1,869 square feet, with a price tag of $231 per square foot.

The median home sales price used in this report represents the midpoint of all homes or units that have been listed for sale during the given time period. Experts say the median gives a more accurate view of what’s happening in a market than the average sales price, which would involve adding up all sales prices and then dividing by the number of homes sold. The average can be skewed by an especially low or high price.

USA TODAY is publishing localized versions of this story on its news sites nationwide, generated using data from Realtor.com. Please leave any comments or corrections you would like to make about this story here. This story was written by Ozge Terzioglu.

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