$3,194 Closing Credit*
$269,000
696 SqFt
2 Beds
•1 Full Bath
Christopher L Paffi, Listing Office: smith realty GROUP
Is Johannesburg, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Johannesburg has remained a Seller's Market.
Key Takeaway
Johannesburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Johannesburg, MI
How much do homes in Johannesburg, MI cost?
Median Sold Price
$210,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,250(+3.1%)
Key Takeaway
Homes in Johannesburg have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Johannesburg was $210,000 in October 2024, up 3.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $98.5K | -50.7% |
| 2 Bedrooms | $176K | $195K | +10.8% |
| 3 Bedrooms | $240K | $230K | -4.2% |
| 4 Bedrooms | $307.4K | $326.5K | +6.2% |
| 5+ Bedrooms | $150K | $220K | +46.7% |
Summary: Johannesburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.7%, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 46.7%.
Median Sold Price Compared To Nearby Cities
| Johannesburg | $203.7K | $210K | +3.1% |
| Charlton Township | $268.2K | $212.5K | -20.8% |
Housing Supply in Johannesburg, MI
How many homes are available in Johannesburg, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 17 | -19.0% |
Summary: The Johannesburg real estate market had 17 homes for sale in October 2024, a 19.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Johannesburg 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 decreased by 33.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Johannesburg, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Johannesburg in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Johannesburg, MI
How long does it take to sell a home in Johannesburg, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Johannesburg has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Johannesburg; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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