Is Johnson Township, 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 Township has remained a Seller's Market.
Housing Prices in Johnson Township, AR
How much do homes in Johnson Township, AR cost?
Median Sold Price
$354,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Johnson Township was $354,000 in May 2024, down 3.7% from last year, and the median price per square foot was $193.
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 | $310K | $292.7K | -5.6% |
4 Bedrooms | $800K | $550K | -31.3% |
5+ Bedrooms | $1.7M | $1.2M | -26.6% |
Summary: Johnson Township 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 5.6%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes decreased by 26.6%.
Median Sold Price Compared To Nearby Cities
Springdale Township | $306.3K | $324.5K | +5.9% |
Tontitown Township | $481K | $467.4K | -2.8% |
Tontitown | $483.5K | $469.9K | -2.8% |
Johnson Township | $367.5K | $354K | -3.7% |
Johnson | $339.5K | $325K | -4.3% |
Housing Supply in Johnson Township, AR
How many homes are available in Johnson Township, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Summary: The Johnson Township real estate market had 26 homes for sale in May 2024, a 8.3% 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 | 3 | 5 | +66.7% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Johnson Township 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 66.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 14 | +180.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Johnson Township in May 2024, up by 180.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for Johnson Township, AR
How long does it take to sell a home in Johnson Township, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
111 Days | 70 Days | -37.4% |
Summary: Homes in Johnson Township had an average of 70 days on market in May 2024, down by 37.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Johnson Township; 43% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.