Is Johnstown-Milliken, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Johnstown-Milliken is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Johnstown-Milliken has remained a Seller's Market.

Key Takeaway

Johnstown-Milliken is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Johnstown-Milliken, CO

How much do homes in Johnstown-Milliken, CO cost?

Median Sold Price

$514,995

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,406(+3.1%)

Key Takeaway

Homes in Johnstown-Milliken have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Johnstown-Milliken was $514,995 in March 2024, up 3.1% from last year, and the median price per square foot was $251.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $452.5K$229K
-49.4%
2 $390K$343.6K
-11.9%
3 $467.6K$475K
+1.6%
4 $530K$539.8K
+1.9%
5+ $589.3K$625K
+6.0%

Summary: Johnstown-Milliken housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.4%, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Cities

Johnstown-Milliken
+3.1%
Mead
-2.1%
Johnstown
-2.8%
Johnstown
-3.5%
Milliken
-4.1%

Housing Supply in Johnstown-Milliken, CO

How many homes are available in Johnstown-Milliken, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
326332+1.8%

Summary: The Johnstown-Milliken real estate market had 332 homes for sale in March 2024, a 1.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 21
-50.0%
2 157
-53.3%
3 147160
+8.8%
4 100102
+2.0%
5+ 6262
0.0%

Summary: The Johnstown-Milliken housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 53.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
6577+18.5%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Johnstown-Milliken, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.

Summary: A total of 77 homes were sold or pending in Johnstown-Milliken in March 2024, up by 18.5% month-over-month. Of the 77 sold homes, 31% were sold under asking, 36% were sold at asking, and 32% were sold over asking.

Days on Market for Johnstown-Milliken, CO

How long does it take to sell a home in Johnstown-Milliken, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
67 Days48 Days-27.8%

Summary: Homes in Johnstown-Milliken had an average of 48 days on market in Mar 2024, down by 27.8% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Johnstown-Milliken are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 77 homes were sold in Johnstown-Milliken; 47% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 16% 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 23 Days Ago

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