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 buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Johnstown-Milliken was a Seller's Market.

Key Takeaway

Johnstown-Milliken is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Johnstown-Milliken, CO

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

Median Sold Price

$510,521

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$40,165(+8.5%)

Key Takeaway

Homes in Johnstown-Milliken have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Johnstown-Milliken was $510,521 in September 2024, up 8.5% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $235K$224K
-4.7%
2 $350.5K$343.6K
-2.0%
3 $445K$470K
+5.6%
4 $511.7K$539.9K
+5.5%
5+ $600K$610K
+1.7%

Summary: Johnstown-Milliken housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Cities

Johnstown-Milliken
+8.5%
Johnstown
+4.0%
Johnstown
+3.0%
Milliken
+2.3%
Mead
-4.8%

Housing Supply in Johnstown-Milliken, CO

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
340344+1.2%

Summary: The Johnstown-Milliken real estate market had 344 homes for sale in September 2024, a 1.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 2422
-8.3%
3 162165
+1.9%
4 9897
-1.0%
5+ 5659
+5.4%

Summary: The Johnstown-Milliken housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 5.4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
7044-37.1%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Johnstown-Milliken, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in Johnstown-Milliken in September 2024, down by 37.1% month-over-month. Of the 44 sold homes, 43% were sold under asking, 32% were sold at asking, and 25% 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

Sep 2023Sep 2024CHANGE
48 Days49 Days+0.9%

Summary: Homes in Johnstown-Milliken had an average of 49 days on market in Sep 2024, up by 0.9% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

11 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 September 2024, 44 homes were sold in Johnstown-Milliken; 55% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 25% 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 26 Days Ago

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