Is Johnston, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Johnston has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $207.5K | $215K | +3.6% |
2 Bedrooms | $298.7K | $300.5K | +0.6% |
3 Bedrooms | $385K | $400K | +3.9% |
4 Bedrooms | $380K | $418K | +10.0% |
5+ Bedrooms | $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 | $332.9K | $370K | +11.1% |
Providence | $389.4K | $430K | +10.4% |
Cranston | $373K | $405K | +8.6% |
Johnston | $370K | $395K | +6.8% |
Smithfield | $405K | $420K | +3.7% |
Housing Supply in Johnston, RI
How many homes are available in Johnston, RI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
65 | 71 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 41 | 46 | +12.2% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 3 | 1 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
12 | 16 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
52 Days | 48 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
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.