Shawn E Huston, Listing Office: Huston Real Estate, Inc.
Is Johannesburg, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Johannesburg has remained a Seller's Market.
Housing Prices in Johannesburg, MI
How much do homes in Johannesburg, MI cost?
Median Sold Price
$222,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
Summary: The median home sold price in Johannesburg was $222,500 in December 2024, up 9.2% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | $85K | -24.1% |
2 Bedrooms | $185K | $212.5K | +14.9% |
3 Bedrooms | $240K | $240.5K | 0.2% |
4 Bedrooms | $307.4K | $326.5K | +6.2% |
5+ Bedrooms | $150K | - | N/A |
Summary: Johannesburg housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.1%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes did not change.
Housing Supply in Johannesburg, MI
How many homes are available in Johannesburg, MI?
Number of Homes For Sale
Nov 2024 | Dec 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Summary: The Johannesburg real estate market had 9 homes for sale in December 2024, a 10.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Johannesburg housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Nov 2024 | Dec 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Johannesburg in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Johannesburg, MI
We’re sorry, we don't have information for this market at the moment