Is Johnston City, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Johnston City is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Johnston City was a Seller's Market.

Key Takeaway

Johnston City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Johnston City, IL

How much do homes in Johnston City, IL cost?

Median Sold Price

$77,000

$56/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,000(-4.9%)

Key Takeaway

Homes in Johnston City have sold for 4.9% less than they did a year ago.

Summary: The median home sold price in Johnston City was $77,000 in October 2024, down 4.9% from last year, and the median price per square foot was $56.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$32.5K
N/A
2 $78.5K$43.5K
-44.6%
3 $95K$93.5K
-1.6%
4 $125K$130K
+4.0%
5+ $53K-
N/A

Summary: Johnston City 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 decreased by 44.6%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lake Creek
+32.7%
Johnston City
-4.9%

Housing Supply in Johnston City, IL

How many homes are available in Johnston City, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1721+23.5%

Summary: The Johnston City real estate market had 21 homes for sale in October 2024, a 23.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 44
0.0%
3 1012
+20.0%
4 02
+100.0%
5+ 11
0.0%

Summary: The Johnston City 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Johnston City, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Johnston City in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Johnston City, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days73 Days+558.2%

Summary: Homes in Johnston City had an average of 73 days on market in Oct 2024, up by 558.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Johnston City has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Johnston City; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Johnston City, IL

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