Is Johnstown-Milliken, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Johnstown-Milliken is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Johnstown-Milliken has remained a Seller's Market.

Key Takeaway

Johnstown-Milliken is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Johnstown-Milliken, CO

How much do homes in Johnstown-Milliken, CO cost?

Median Sold Price

$509,900

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$37,149(+7.9%)

Key Takeaway

Homes in Johnstown-Milliken have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Johnstown-Milliken was $509,900 in May 2024, up 7.9% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $325K$229K
-29.5%
2 $344.2K$343.6K
-0.2%
3 $450K$470K
+4.4%
4 $510K$541.8K
+6.2%
5+ $582.5K$629.7K
+8.1%

Summary: Johnstown-Milliken housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.5%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 8.1%.

Median Sold Price Compared To Nearby Cities

Johnstown-Milliken
+7.9%
Johnstown
+2.6%
Johnstown
+1.2%
Mead
0.4%
Milliken
-1.1%

Housing Supply in Johnstown-Milliken, CO

How many homes are available in Johnstown-Milliken, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
303374+23.4%

Summary: The Johnstown-Milliken real estate market had 374 homes for sale in May 2024, a 23.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 1420
+42.9%
3 156177
+13.5%
4 86117
+36.0%
5+ 4759
+25.5%

Summary: The Johnstown-Milliken housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 36%, and 5+ bedroom homes increased by 25.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5487+61.1%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Johnstown-Milliken, expect to pay close to the asking price. 39.1% of homes here sold near the asking price last month.

Summary: A total of 87 homes were sold or pending in Johnstown-Milliken in May 2024, up by 61.1% month-over-month. Of the 87 sold homes, 30% were sold under asking, 39% were sold at asking, and 31% were sold over asking.

Days on Market for Johnstown-Milliken, CO

How long does it take to sell a home in Johnstown-Milliken, CO?

Average Sale Time

May 2023May 2024CHANGE
39 Days66 Days+68.6%

Summary: Homes in Johnstown-Milliken had an average of 66 days on market in May 2024, up by 68.6% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

45 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Johnstown-Milliken has remained consistent over time.

Summary: During May 2024, 87 homes were sold in Johnstown-Milliken; 33% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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