Is Johnson County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Johnson County was a Seller's Market.
Housing Prices in Johnson County, IA
How much do homes in Johnson County, IA cost?
Median Sold Price
$323,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Johnson County was $323,000 in March 2024, up 13.3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $172.4K | $250K | +45.0% |
2 Bedrooms | $180.2K | $174K | -3.5% |
3 Bedrooms | $257.4K | $280K | +8.8% |
4 Bedrooms | $357.5K | $374.9K | +4.9% |
5+ Bedrooms | $499.9K | $497.1K | -0.6% |
Summary: Johnson County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Counties
Johnson County | $285K | $323K | +13.3% |
Cedar County | $164.5K | $180K | +9.4% |
Iowa County | $198K | $197.5K | -0.3% |
Housing Supply in Johnson County, IA
How many homes are available in Johnson County, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
231 | 297 | +28.6% |
Summary: The Johnson County real estate market had 297 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 22 | 37 | +68.2% |
3 Bedrooms | 90 | 117 | +30.0% |
4 Bedrooms | 73 | 84 | +15.1% |
5+ Bedrooms | 44 | 56 | +27.3% |
Summary: The Johnson County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 68.2%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 45 | +87.5% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Johnson County in March 2024, up by 87.5% month-over-month. Of the 45 sold homes, 60% were sold under asking, 29% were sold at asking, and 11% were sold over asking.
Days on Market for Johnson County, IA
How long does it take to sell a home in Johnson County, IA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 65 Days | -0.0% |
Summary: Homes in Johnson County had an average of 65 days on market in Mar 2024, down by 0% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 45 homes were sold in Johnson County; 56% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.