$3,561 Closing Credit*
$299,900
1,229 SqFt
3 Beds
•1 Full Bath
Listing Office: Residential Properties Ltd.
Is Johnston, RI 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, 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
$429,333
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,333(+10.1%)
Key Takeaway
Homes in Johnston have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Johnston was $429,333 in October 2024, up 10.1% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.5K | $188K | -24.0% |
| 2 Bedrooms | $290K | $339.5K | +17.1% |
| 3 Bedrooms | $400K | $442K | +10.5% |
| 4 Bedrooms | $399.9K | $470K | +17.5% |
| 5+ Bedrooms | $437.5K | $525K | +20.0% |
Summary: Johnston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Cities
| Providence | $420.1K | $484.8K | +15.4% |
| Smithfield | $415K | $476K | +14.7% |
| Johnston | $390K | $429.3K | +10.1% |
| Cranston | $395K | $434.2K | +9.9% |
| North Providence | $355K | $369.9K | +4.2% |
Housing Supply in Johnston, RI
How many homes are available in Johnston, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 101 | +7.4% |
Summary: The Johnston real estate market had 101 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 51 | 52 | +2.0% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Johnston 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 increased by 26.7%, 3 bedroom homes increased by 2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Johnston, you could pay more than the asking price. 51.7% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Johnston in October 2024, the same as the previous month. Of the 29 sold homes, 41% were sold under asking, 7% were sold at asking, and 52% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 25 Days | -6.0% |
Summary: Homes in Johnston had an average of 25 days on market in Oct 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Johnston are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in Johnston; 72% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
