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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Johnson County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Johnson County, IN

How much do homes in Johnson County, IN cost?

Median Sold Price

$309,990

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,549(+4.9%)

Key Takeaway

Homes in Johnson County have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Johnson County was $309,990 in November 2024, up 4.9% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $173.2K$170K
-1.9%
2 $209.2K$232.2K
+11.0%
3 $265K$270K
+1.9%
4 $351.1K$364.8K
+3.9%
5+ $474K$425K
-10.3%

Summary: Johnson County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 10.3%.

Median Sold Price Compared To Nearby Counties

Morgan County
+5.7%
Shelby County
+5.4%
Bartholomew County
+5.2%
Johnson County
+4.9%
Brown County
+2.6%

Housing Supply in Johnson County, IN

How many homes are available in Johnson County, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
833750-10.0%

Summary: The Johnson County real estate market had 750 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 54
-20.0%
2 8277
-6.1%
3 401344
-14.2%
4 227199
-12.3%
5+ 118126
+6.8%

Summary: The Johnson County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 6.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
231174-24.7%

Asking Price vs. Sold Price

98 Homes Were Sold
Under Asking

48 Homes Were Sold
At Asking

28 Homes Were 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. 56.3% of homes here sold below asking price last month.

Summary: A total of 174 homes were sold or pending in Johnson County in November 2024, down by 24.7% month-over-month. Of the 174 sold homes, 56% were sold under asking, 28% were sold at asking, and 16% were sold over asking.

Days on Market for Johnson County, IN

How long does it take to sell a home in Johnson County, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days37 Days-4.4%

Summary: Homes in Johnson County had an average of 37 days on market in Nov 2024, down by 4.4% compared to last year.

Breakdown of Home Sale Times

106 Homes Were Sold
Under 30 Days

45 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 174 homes were sold in Johnson County; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% 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 Johnson County, IN

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