$5,343 Closing Credit*
$449,900
3 Beds
•2 Full Baths
Listing Office: Lamacchia Realty, Inc
Is Johnston, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, RI
How much do homes in Johnston, RI cost?
Median Sold Price
$430,000
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,500(+9.0%)
Key Takeaway
Homes in Johnston have sold for 9% more than they did a year ago.
Summary: The median home sold price in Johnston was $430,000 in November 2024, up 9% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $219K | +1.9% |
| 2 Bedrooms | $300K | $329.4K | +9.8% |
| 3 Bedrooms | $409.5K | $445K | +8.7% |
| 4 Bedrooms | $418K | $465K | +11.2% |
| 5+ Bedrooms | $444.5K | $542.5K | +22.0% |
Summary: Johnston housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Cities
| Providence | $425K | $489.8K | +15.3% |
| Smithfield | $420K | $484K | +15.2% |
| Cranston | $399.9K | $440K | +10.0% |
| Johnston | $394.5K | $430K | +9.0% |
| North Providence | $360K | $365K | +1.4% |
Housing Supply in Johnston, RI
How many homes are available in Johnston, RI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 81 | -14.7% |
Summary: The Johnston real estate market had 81 homes for sale in November 2024, a 14.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 20 | 17 | -15.0% |
| 3 Bedrooms | 50 | 46 | -8.0% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Johnston housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 22 | -26.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Johnston, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Johnston in November 2024, down by 26.7% month-over-month. Of the 22 sold homes, 32% were sold under asking, 14% were sold at asking, and 55% were sold over asking.
Days on Market for Johnston, RI
How long does it take to sell a home in Johnston, RI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 28 Days | -29.8% |
Summary: Homes in Johnston had an average of 28 days on market in Nov 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Johnston are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Johnston; 55% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
