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 neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Johnstown-Milliken was a Seller's Market.

Key Takeaway

Johnstown-Milliken 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 Johnstown-Milliken, CO

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

Median Sold Price

$511,844

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$43,513(+9.3%)

Key Takeaway

Homes in Johnstown-Milliken have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Johnstown-Milliken was $511,844 in October 2024, up 9.3% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $235K$224K
-4.7%
2 $346.2K$357.1K
+3.1%
3 $439.8K$472K
+7.3%
4 $512.5K$540K
+5.4%
5+ $600K$611.7K
+2.0%

Summary: Johnstown-Milliken housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Cities

Johnstown-Milliken
+9.3%
Johnstown
+4.7%
Johnstown
+4.2%
Milliken
+2.5%
Mead
-3.7%

Housing Supply in Johnstown-Milliken, CO

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
325359+10.5%

Summary: The Johnstown-Milliken real estate market had 359 homes for sale in October 2024, a 10.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2223
+4.5%
3 159173
+8.8%
4 89107
+20.2%
5+ 5455
+1.9%

Summary: The Johnstown-Milliken housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 1.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5557+3.6%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

13 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. 49.1% of homes here sold near the asking price last month.

Summary: A total of 57 homes were sold or pending in Johnstown-Milliken in October 2024, up by 3.6% month-over-month. Of the 57 sold homes, 28% were sold under asking, 49% were sold at asking, and 23% 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

Oct 2023Oct 2024CHANGE
30 Days53 Days+74.7%

Summary: Homes in Johnstown-Milliken had an average of 53 days on market in Oct 2024, up by 74.7% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

11 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 October 2024, 57 homes were sold in Johnstown-Milliken; 35% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 19% 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 20 Days Ago

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