$3,384 Closing Credit*
$285,000
1,230 SqFt
2 Beds
•1 Full Bath, 1 Partial
#9973534, Emma Sterling, Listing Office: Berkshire Hathaway Greg Cox Real Estate
Is Johnson City, TN 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, Johnson City has remained a Seller's Market.
Key Takeaway
Johnson City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Johnson City, TN
How much do homes in Johnson City, TN cost?
Median Sold Price
$302,352
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,753(+6.2%)
Key Takeaway
Homes in Johnson City have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Johnson City was $302,352 in October 2024, up 6.2% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $175K | +15.9% |
| 2 Bedrooms | $177K | $200K | +13.0% |
| 3 Bedrooms | $274.4K | $298.9K | +8.9% |
| 4 Bedrooms | $425K | $491.9K | +15.7% |
| 5+ Bedrooms | $652.5K | $640K | -1.9% |
Summary: Johnson City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Piney Flats | $412K | $450K | +9.2% |
| Elizabethton | $215.8K | $232.8K | +7.9% |
| Johnson City | $284.5K | $302.3K | +6.2% |
Housing Supply in Johnson City, TN
How many homes are available in Johnson City, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 391 | 407 | +4.1% |
Summary: The Johnson City real estate market had 407 homes for sale in October 2024, a 4.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 91 | 96 | +5.5% |
| 3 Bedrooms | 155 | 169 | +9.0% |
| 4 Bedrooms | 107 | 102 | -4.7% |
| 5+ Bedrooms | 31 | 34 | +9.7% |
Summary: The Johnson City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 92 | 102 | +10.9% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Johnson City, you may be able to get a good deal. 63.7% of homes here sold below asking price last month.
Summary: A total of 102 homes were sold or pending in Johnson City in October 2024, up by 10.9% month-over-month. Of the 102 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Johnson City, TN
How long does it take to sell a home in Johnson City, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 63 Days | +6.4% |
Summary: Homes in Johnson City had an average of 63 days on market in Oct 2024, up by 6.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
65 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Johnson City has remained consistent over time.
Summary: During October 2024, 102 homes were sold in Johnson City; 16% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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Listings courtesy of Stellar MLS as distributed by MLS GRID.
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