Is Johnston, RI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Johnston is a 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

# BEDSNov 2023Nov 2024CHANGE
1 $215K$219K
+1.9%
2 $300K$329.4K
+9.8%
3 $409.5K$445K
+8.7%
4 $418K$465K
+11.2%
5+ $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
+15.3%
Smithfield
+15.2%
Cranston
+10.0%
Johnston
+9.0%
North Providence
+1.4%

Housing Supply in Johnston, RI

How many homes are available in Johnston, RI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9581-14.7%

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

# BEDSOct 2024Nov 2024CHANGE
1 20
-100.0%
2 2017
-15.0%
3 5046
-8.0%
4 1613
-18.8%
5+ 75
-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 2024Nov 2024CHANGE
3022-26.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Nov 2024CHANGE
40 Days28 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

Breakdown of Home Sale Times

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.

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, RI

Nearby Markets to Johnston, RI

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