Is Kokomo, IN 46902 a buyer’s or seller’s market?

The Kokomo housing market right now

In the three months ending August 31, 2026, 20% of homes in Kokomo, IN 46902 sold above their list price, the typical home went under contract in 27 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 171 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 26%, homes sold more slowly (24 days then) and the median sale price rose 7% to $209,909. Overall, Kokomo is less competitive than a year ago, which gives buyers more room.

Within Howard County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Kokomo ranks #124 of 306 IN ZIP codes with enough sales (score 56 out of 100).

Nearby, buyers who want less competition could look at Hemlock 46937 (0% sold over asking) or Kokomo 46901 (10% sold over asking), while Russiaville 46979 (37% sold over asking) and Greentown 46936 (31% sold over asking) are even more competitive.