Is Johnston, RI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Johnston is a seller's market

Buyer's
Market

Difference Since February 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, RI

How much do homes in Johnston, RI cost?

Median Sold Price

$395,000

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$25,000(+6.8%)

Key Takeaway

Homes in Johnston have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Johnston was $395,000 in February 2024, up 6.8% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $207.5K$215K
+3.6%
2 $298.7K$300.5K
+0.6%
3 $385K$400K
+3.9%
4 $380K$418K
+10.0%
5+ $404K$449K
+11.1%

Summary: Johnston housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Cities

North Providence
+11.1%
Providence
+10.4%
Cranston
+8.6%
Johnston
+6.8%
Smithfield
+3.7%

Housing Supply in Johnston, RI

How many homes are available in Johnston, RI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6571+9.2%

Summary: The Johnston real estate market had 71 homes for sale in February 2024, a 9.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 811
+37.5%
3 4146
+12.2%
4 1111
0.0%
5+ 31
-66.7%

Summary: The Johnston housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 12.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1216+33.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Johnston, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Johnston in February 2024, up by 33.3% month-over-month. Of the 16 sold homes, 38% were sold under asking, 19% were sold at asking, and 44% were sold over asking.

Days on Market for Johnston, RI

How long does it take to sell a home in Johnston, RI?

Average Sale Time

Feb 2023Feb 2024CHANGE
52 Days48 Days-8.6%

Summary: Homes in Johnston had an average of 48 days on market in Feb 2024, down by 8.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Johnston has remained consistent over time.

Summary: During February 2024, 16 homes were sold in Johnston; 31% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

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

Report Updated 28 Days Ago

Newest Listings in Johnston, RI

Nearby Markets to Johnston, RI

What housing markets are near Johnston, RI?