Is Johnson, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Johnson has remained a Seller's Market.
Key Takeaway
Johnson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Johnson, AR
How much do homes in Johnson, AR cost?
Median Sold Price
$325,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Johnson have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Johnson was $325,000 in May 2024, down 4.3% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83.5K | $100K | +19.8% |
| 2 Bedrooms | $175K | $196.5K | +12.3% |
| 3 Bedrooms | $306.5K | $290.5K | -5.2% |
| 4 Bedrooms | $800K | $425K | -46.9% |
| 5+ Bedrooms | $1.5M | $1.1M | -24.3% |
Summary: Johnson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.8%, 2 bedroom homes increased by 12.3%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 46.9%, and 5+ bedroom homes decreased by 24.3%.
Median Sold Price Compared To Nearby Cities
| Springdale Township | $306.3K | $324.5K | +5.9% |
| Fayetteville Township | $357.4K | $374.8K | +4.8% |
| Fayetteville | $357.7K | $374.8K | +4.8% |
| Johnson Township | $367.5K | $354K | -3.7% |
| Johnson | $339.5K | $325K | -4.3% |
Housing Supply in Johnson, AR
How many homes are available in Johnson, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 24 | +9.1% |
Summary: The Johnson real estate market had 24 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Johnson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Johnson, expect to pay close to the asking price. 61.5% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Johnson in May 2024, up by 160.0% month-over-month. Of the 13 sold homes, 38% were sold under asking, 62% were sold at asking, and 0% were sold over asking.
Days on Market for Johnson, AR
How long does it take to sell a home in Johnson, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 111 Days | 33 Days | -70.3% |
Summary: Homes in Johnson had an average of 33 days on market in May 2024, down by 70.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Johnson has remained consistent over time.
Summary: During May 2024, 13 homes were sold in Johnson; 46% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.