Is Johnston, IA 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, Johnston has remained a Seller's Market.
Key Takeaway
Johnston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Johnston, IA
How much do homes in Johnston, IA cost?
Median Sold Price
$366,495
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Johnston have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Johnston was $366,495 in May 2024, down 3.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $221K | $237K | +7.2% |
| 3 Bedrooms | $318.7K | $280K | -12.2% |
| 4 Bedrooms | $405K | $418.4K | +3.3% |
| 5+ Bedrooms | $525K | $572.5K | +9.0% |
Summary: Johnston 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 7.2%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| Webster Township | $297.2K | $311.5K | +4.8% |
| Grimes | $343.6K | $349.9K | +1.8% |
| Johnston | $378.4K | $366.4K | -3.2% |
| Jefferson Township | $403.1K | $390K | -3.3% |
| Saylor Township | $292.9K | $247.5K | -15.5% |
Housing Supply in Johnston, IA
How many homes are available in Johnston, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 166 | 168 | +1.2% |
Summary: The Johnston real estate market had 168 homes for sale in May 2024, a 1.2% 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 | 17 | 20 | +17.6% |
| 3 Bedrooms | 72 | 62 | -13.9% |
| 4 Bedrooms | 50 | 51 | +2.0% |
| 5+ Bedrooms | 27 | 35 | +29.6% |
Summary: The Johnston 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 17.6%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 29.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 37 | +37.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Johnston, expect to pay close to the asking price. 51.4% of homes here sold near the asking price last month.
Summary: A total of 37 homes were sold or pending in Johnston in May 2024, up by 37.0% month-over-month. Of the 37 sold homes, 35% were sold under asking, 51% were sold at asking, and 14% were sold over asking.
Days on Market for Johnston, IA
How long does it take to sell a home in Johnston, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 67 Days | 106 Days | +59.5% |
Summary: Homes in Johnston had an average of 106 days on market in May 2024, up by 59.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Johnston are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 37 homes were sold in Johnston; 49% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
