Is Johnston, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Johnston is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Johnston has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Johnston, IA

How much do homes in Johnston, IA cost?

Median Sold Price

$365,866

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$9,133(-2.4%)

Key Takeaway

Homes in Johnston have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in Johnston was $365,866 in October 2024, down 2.4% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $225K$236.7K
+5.2%
3 $315K$275K
-12.7%
4 $407.6K$421K
+3.3%
5+ $575.5K$549.9K
-4.4%

Summary: Johnston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 4.4%.

Median Sold Price Compared To Nearby Cities

Webster Township
+7.7%
Grimes
+6.0%
Johnston
-2.4%
Saylor Township
-2.9%
Jefferson Township
-6.7%

Housing Supply in Johnston, IA

How many homes are available in Johnston, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
127134+5.5%

Summary: The Johnston real estate market had 134 homes for sale in October 2024, a 5.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 69
+50.0%
3 4351
+18.6%
4 5549
-10.9%
5+ 2325
+8.7%

Summary: The Johnston 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 50%, 3 bedroom homes increased by 18.6%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 8.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1924+26.3%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Johnston, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Johnston in October 2024, up by 26.3% month-over-month. Of the 24 sold homes, 63% were sold under asking, 17% were sold at asking, and 21% were sold over asking.

Days on Market for Johnston, IA

How long does it take to sell a home in Johnston, IA?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days70 Days+98.1%

Summary: Homes in Johnston had an average of 70 days on market in Oct 2024, up by 98.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Johnston are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 24 homes were sold in Johnston; 42% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% 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

Newest Listings in Johnston, IA

Nearby Markets to Johnston, IA

What housing markets are near Johnston, IA?