Is Johnson City, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Johnson City is a seller's market

Buyer's
Market

Difference Since November 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

$304,500

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,300(+8.7%)

Key Takeaway

Homes in Johnson City have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Johnson City was $304,500 in November 2024, up 8.7% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $153K$163.5K
+6.9%
2 $180K$200K
+11.1%
3 $274.9K$299.4K
+8.9%
4 $418.3K$495.9K
+18.6%
5+ $657.5K$640K
-2.7%

Summary: Johnson City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes decreased by 2.7%.

Median Sold Price Compared To Nearby Cities

Watauga
+28.6%
Piney Flats
+9.9%
Elizabethton
+9.3%
Johnson City
+8.7%

Housing Supply in Johnson City, TN

How many homes are available in Johnson City, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
409373-8.8%

Summary: The Johnson City real estate market had 373 homes for sale in November 2024, a 8.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 77
0.0%
2 9487
-7.4%
3 164155
-5.5%
4 10995
-12.8%
5+ 3529
-17.1%

Summary: The Johnson City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes decreased by 17.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10783-22.4%

Asking Price vs. Sold Price

63 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Johnson City, you may be able to get a good deal. 75.9% of homes here sold below asking price last month.

Summary: A total of 83 homes were sold or pending in Johnson City in November 2024, down by 22.4% month-over-month. Of the 83 sold homes, 76% were sold under asking, 16% were sold at asking, and 8% 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

Nov 2023Nov 2024CHANGE
47 Days71 Days+50.6%

Summary: Homes in Johnson City had an average of 71 days on market in Nov 2024, up by 50.6% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

51 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Johnson City has remained consistent over time.

Summary: During November 2024, 83 homes were sold in Johnson City; 16% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 23% 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 Johnson City, TN

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