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 Seller's Market.
Key Takeaway
Johnstown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Johnstown, PA
How much do homes in Johnstown, PA cost?
Median Sold Price
$65,000
$39/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Johnstown have sold for 48% less than they did a month ago.
Summary: The median home sold price in Johnstown was $65,000 in March 2024, down 48% from last month, and the median price per square foot was $39.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $84.9K | $44.5K | -47.6% |
| 4 Bedrooms | $395K | $185K | -53.2% |
| 5+ Bedrooms | $417K | - | N/A |
Summary: Johnstown housing prices by bedroom type for March 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 decreased by 47.6%, 4 bedroom homes decreased by 53.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Daisytown | $127.7K | $167.5K | +31.2% |
| Johnstown | $124.9K | $65K | -48.0% |
Housing Supply in Johnstown, PA
How many homes are available in Johnstown, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 39 | +14.7% |
Summary: The Johnstown real estate market had 39 homes for sale in March 2024, a 14.7% 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 | 4 | 8 | +100.0% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Johnstown 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 100%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Johnstown, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Johnstown in March 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 97 Days | 130 Days | +34.1% |
Summary: Homes in Johnstown had an average of 130 days on market in Mar 2024, up by 34.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Johnstown are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in Johnstown; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
