Is Johnstown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Johnstown was a Buyer's Market.
Key Takeaway
Johnstown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Johnstown, PA
How much do homes in Johnstown, PA cost?
Median Sold Price
$82,500
$74/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Johnstown have sold for 34% less than they did a month ago.
Summary: The median home sold price in Johnstown was $82,500 in April 2024, down 34% from last month, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $73.7K | N/A |
| 3 Bedrooms | $65K | $81.2K | +25.0% |
| 4 Bedrooms | $185K | $130K | -29.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Johnstown housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 29.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Johnstown | $125K | $82.5K | -34.0% |
| Daisytown | $167.5K | $100K | -40.3% |
Housing Supply in Johnstown, PA
How many homes are available in Johnstown, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 35 | +6.1% |
Summary: The Johnstown real estate market had 35 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Johnstown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Johnstown, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Johnstown in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Johnstown, PA
How long does it take to sell a home in Johnstown, PA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 168 Days | 35 Days | -79.0% |
Summary: Homes in Johnstown had an average of 35 days on market in Apr 2024, down by 79% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Johnstown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Johnstown; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
