Is Johnson County, 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, Johnson County has remained a Seller's Market.
Housing Prices in Johnson County, IA
How much do homes in Johnson County, IA cost?
Median Sold Price
$325,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Johnson County was $325,000 in May 2024, up 8.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145.7K | $211K | +44.8% |
2 Bedrooms | $183.2K | $175K | -4.5% |
3 Bedrooms | $269.9K | $278K | +3.0% |
4 Bedrooms | $357.7K | $377.5K | +5.5% |
5+ Bedrooms | $502.5K | $515.3K | +2.6% |
Summary: Johnson County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.8%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Counties
Johnson County | $299.9K | $325K | +8.3% |
Iowa County | $200K | $185K | -7.5% |
Muscatine County | $197.4K | $182.5K | -7.6% |
Cedar County | $207K | $175K | -15.5% |
Housing Supply in Johnson County, IA
How many homes are available in Johnson County, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
367 | 376 | +2.5% |
Summary: The Johnson County real estate market had 376 homes for sale in May 2024, a 2.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 41 | 39 | -4.9% |
3 Bedrooms | 131 | 135 | +3.1% |
4 Bedrooms | 109 | 119 | +9.2% |
5+ Bedrooms | 83 | 79 | -4.8% |
Summary: The Johnson County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 | 81 | +35.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 81 homes were sold or pending in Johnson County in May 2024, up by 35.0% month-over-month. Of the 81 sold homes, 37% were sold under asking, 46% were sold at asking, and 17% were sold over asking.
Days on Market for Johnson County, IA
How long does it take to sell a home in Johnson County, IA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 47 Days | +21.0% |
Summary: Homes in Johnson County had an average of 47 days on market in May 2024, up by 21% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During May 2024, 81 homes were sold in Johnson County; 54% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.