Is Johnson County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Johnson County is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Johnson County was a Seller's Market.

Key Takeaway

Johnson County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$5,000(+1.9%)

Key Takeaway

Homes in Johnson County have sold for 1.9% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $170.5K$162K
-5.0%
2 $270K$245K
-9.3%
3 $252.5K$244.5K
-3.2%
4 $360K$365K
+1.4%
5+ $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
+14.0%
Carter County
+13.8%
Johnson County
+1.9%
Ashe County
-2.4%

Housing Supply in Johnson County, TN

How many homes are available in Johnson County, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
93100+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

# BEDSApr 2024May 2024CHANGE
1 67
+16.7%
2 1515
0.0%
3 5057
+14.0%
4 1817
-5.6%
5+ 44
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 2024May 2024CHANGE
16160.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Johnson County, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

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 2023May 2024CHANGE
94 Days115 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Johnson County has remained consistent over time.

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.

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

Report Updated 1 Day Ago

Newest Listings in Johnson County, TN

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What housing markets are near Johnson County, TN?