Is Johnston City, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Johnston City is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Johnston City has remained a Seller's Market.

Key Takeaway

Johnston City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Johnston City, IL cost?

Median Sold Price

$69,000

$59/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$7,050(+11.4%)

Key Takeaway

Homes in Johnston City have sold for 11.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $76K-
N/A
2 $52K$53K
+1.9%
3 $64.9K$73K
+12.5%
4 $88.2K$149K
+68.8%
5+ $120K$65.5K
-45.4%

Median Sold Price Compared To Nearby Cities

Johnston City
+11.4%
Lake Creek
+8.1%

How many homes are available in Johnston City, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
2124+14.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 1010
0.0%
3 610
+66.7%
4 43
-25.0%
5+ 11
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
45+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Johnston City, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Average Sale Time

Aug 2021Aug 2022%
39 Days5 Days-85.4%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Johnston City are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Johnston City, IL

Johnston City, IL has 24 homes for sale to choose from. The number of homes for sale in Johnston City, IL increased by 14.3% between July 2022 and August 2022. In August 2022 median list price was $69,000 and the average listing age was 5 days. This housing market listing prices have changed between July 2022 and August 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 1.9%, 3 bedrooms properties became 12.5% more expensive, prices of 4 bedrooms properties increased by 68.8%, the cost of 5 bedrooms properties went down by 45.4%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, volume of 3 bedrooms homes went up by 66.7%, 4 bedrooms homes inventory decreased by 25%, 5 bedrooms homes inventory did not change. Over 1 listings were sold over their listed price in August 2022 in Johnston City, IL. In the same period over 1 listings were sold below the listed price and 3 listings were sold for the listed price.