Is Kokomo, IN 46901 a buyer’s or seller’s market?
Kokomo is a seller’s market. With about 3.2 months of supply and 10% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 31% of U.S. ZIP codes, and #260 of 306 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Kokomo housing market right now
In the three months ending August 31, 2026, 10% of homes in Kokomo, IN 46901 sold above their list price, the typical home went under contract in 32 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 147 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 22%, homes sold more slowly (28 days then) and the median sale price fell 3% to $163,679. Overall, Kokomo is less competitive than a year ago, which gives buyers more room.
Within Howard County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in 75%. On our competition score, Kokomo ranks #260 of 306 IN ZIP codes with enough sales (score 34 out of 100).
Nearby, buyers who want less competition could look at Hemlock 46937 (0% sold over asking), while Russiaville 46979 (37% sold over asking) and Greentown 46936 (31% sold over asking) are even more competitive.
Run the numbers for 46901
Nearby markets
Greentown 46936Seller’s market $152 /sq ftHemlock 46937 $109 /sq ftKokomo 46902Seller’s market $134 /sq ftRussiaville 46979Seller’s market $153 /sq ft Browse all markets →Towns like Kokomo nearby
Find towns like Kokomo in other states →Where Kokomo is
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Questions about Kokomo real estate
Is Kokomo a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Kokomo, IN 46901 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Kokomo?
The typical home went under contract in 32 days in the latest three months.
Do homes in Kokomo sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 96.3% of the list price.
What are property taxes in Kokomo?
About 0.72% of a home’s value a year in Howard County, or roughly $2,880 on a $400,000 home.
What is the median home price in Kokomo?
The median sale price was $163,679 in the three months ending August 31, 2026, about $123 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology