Is Johnson County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Johnson County is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Johnson County has remained a Buyer's Market.

Key Takeaway

Johnson County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Johnson County, TN

How much do homes in Johnson County, TN cost?

Median Sold Price

$274,500

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$500(-0.2%)

Key Takeaway

The sold price of homes in Johnson County has remained the same since last year.

Summary: The median home sold price in Johnson County was $274,500 in February 2024, down 0.2% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $176K$117K
-33.5%
2 $267.9K$250K
-6.7%
3 $267.5K$255K
-4.7%
4 $404K$357.5K
-11.5%
5+ $440K$950K
+115.9%

Summary: Johnson County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.5%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 115.9%.

Median Sold Price Compared To Nearby Counties

Washington County
+11.5%
Carter County
+5.2%
Johnson County
-0.2%

Housing Supply in Johnson County, TN

How many homes are available in Johnson County, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
75750.0%

Summary: The Johnson County real estate market had 75 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 1010
0.0%
3 4645
-2.2%
4 1415
+7.1%
5+ 33
0.0%

Summary: The Johnson County 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 remained the same, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Johnson County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Johnson County in February 2024, up by 20.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Johnson County, TN

How long does it take to sell a home in Johnson County, TN?

Average Sale Time

Feb 2023Feb 2024CHANGE
89 Days200 Days+123.4%

Summary: Homes in Johnson County had an average of 200 days on market in Feb 2024, up by 123.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Johnson County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 6 homes were sold in Johnson County; 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.

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

Report Updated 27 Days Ago

Newest Listings in Johnson County, TN

Nearby Markets to Johnson County, TN

What housing markets are near Johnson County, TN?