Is Johnson City, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Johnson City has remained a Seller's Market.
Key Takeaway
Johnson City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Johnson City, TN
How much do homes in Johnson City, TN cost?
Median Sold Price
$289,038
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Johnson City have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Johnson City was $289,038 in March 2024, up 5.1% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $151K | -5.6% |
| 2 Bedrooms | $172K | $188.2K | +9.4% |
| 3 Bedrooms | $265K | $289.6K | +9.3% |
| 4 Bedrooms | $414.9K | $432.4K | +4.2% |
| 5+ Bedrooms | $639K | $662.5K | +3.7% |
Summary: Johnson City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Elizabethton | $200.2K | $220K | +9.9% |
| Johnson City | $275K | $289K | +5.1% |
| Piney Flats | $426.5K | $392.8K | -7.9% |
Housing Supply in Johnson City, TN
How many homes are available in Johnson City, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 316 | 309 | -2.2% |
Summary: The Johnson City real estate market had 309 homes for sale in March 2024, a 2.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 80 | 69 | -13.8% |
| 3 Bedrooms | 141 | 147 | +4.3% |
| 4 Bedrooms | 64 | 63 | -1.6% |
| 5+ Bedrooms | 27 | 27 | 0.0% |
Summary: The Johnson City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 98 | 86 | -12.2% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Johnson City, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.
Summary: A total of 86 homes were sold or pending in Johnson City in March 2024, down by 12.2% month-over-month. Of the 86 sold homes, 58% were sold under asking, 12% were sold at asking, and 30% were sold over asking.
Days on Market for Johnson City, TN
How long does it take to sell a home in Johnson City, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 62 Days | 65 Days | +5.6% |
Summary: Homes in Johnson City had an average of 65 days on market in Mar 2024, up by 5.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Johnson City has remained consistent over time.
Summary: During March 2024, 86 homes were sold in Johnson City; 17% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.