Is Johnston, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Johnston has remained a Seller's Market.
Key Takeaway
Johnston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Johnston, IA
How much do homes in Johnston, IA cost?
Median Sold Price
$374,900
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Johnston have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Johnston was $374,900 in March 2024, up 5.6% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $217K | $233.9K | +7.8% |
| 3 Bedrooms | $312.5K | $299.9K | -4.0% |
| 4 Bedrooms | $416.4K | $409.4K | -1.7% |
| 5+ Bedrooms | $550K | $575.5K | +4.6% |
Summary: Johnston housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Johnston | $354.9K | $374.9K | +5.6% |
| Webster Township | $294.8K | $309.5K | +5.0% |
| Grimes | $336.6K | $341K | +1.3% |
| Jefferson Township | $389.9K | $390.3K | 0.1% |
| Saylor Township | $265.7K | $250K | -5.9% |
Housing Supply in Johnston, IA
How many homes are available in Johnston, IA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 152 | 156 | +2.6% |
Summary: The Johnston real estate market had 156 homes for sale in March 2024, a 2.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 73 | 74 | +1.4% |
| 4 Bedrooms | 42 | 45 | +7.1% |
| 5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The Johnston housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 29 | +61.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Johnston, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Johnston in March 2024, up by 61.1% month-over-month. Of the 29 sold homes, 55% were sold under asking, 24% were sold at asking, and 21% were sold over asking.
Days on Market for Johnston, IA
How long does it take to sell a home in Johnston, IA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 89 Days | +123.9% |
Summary: Homes in Johnston had an average of 89 days on market in Mar 2024, up by 123.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Johnston are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in Johnston; 55% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
