Is Johnson County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Johnson County was a Seller's Market.
Housing Prices in Johnson County, TN
How much do homes in Johnson County, TN cost?
Median Sold Price
$275,000
$178/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 $275,000 in May 2024, up 1.9% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170.5K | $162K | -5.0% |
2 Bedrooms | $270K | $245K | -9.3% |
3 Bedrooms | $252.5K | $244.5K | -3.2% |
4 Bedrooms | $360K | $365K | +1.4% |
5+ Bedrooms | $350K | $1.2M | +257.1% |
Summary: Johnson County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 257.1%.
Median Sold Price Compared To Nearby Counties
Washington County | $250K | $285K | +14.0% |
Carter County | $209K | $238K | +13.8% |
Johnson County | $270K | $275K | +1.9% |
Ashe County | $417.5K | $407.5K | -2.4% |
Housing Supply in Johnson County, TN
How many homes are available in Johnson County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
93 | 100 | +7.5% |
Summary: The Johnson County real estate market had 100 homes for sale in May 2024, a 7.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 50 | 57 | +14.0% |
4 Bedrooms | 18 | 17 | -5.6% |
5+ Bedrooms | 4 | 4 | 0.0% |
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 16.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Johnson County in May 2024, the same as the previous month. Of the 16 sold homes, 88% were sold under asking, 6% were sold at asking, and 6% were sold over asking.
Days on Market for Johnson County, TN
How long does it take to sell a home in Johnson County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
94 Days | 115 Days | +23.2% |
Summary: Homes in Johnson County had an average of 115 days on market in May 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Johnson County; 13% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.