Is Johnson Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Johnson Township has remained a Seller's Market.
Key Takeaway
Johnson Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Johnson Township, AR
How much do homes in Johnson Township, AR cost?
Median Sold Price
$259,750
$210/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Johnson Township have sold for 58.8% less than they did a month ago.
Summary: The median home sold price in Johnson Township was $259,750 in April 2024, down 58.8% from last month, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $475K | N/A |
| 3 Bedrooms | $262.5K | $258.9K | -1.4% |
| 4 Bedrooms | $650K | - | N/A |
| 5+ Bedrooms | $925K | - | N/A |
Summary: Johnson Township housing prices by bedroom type for April 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 1.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Johnson | $592.5K | $259.7K | -56.2% |
| Johnson Township | $630K | $259.7K | -58.8% |
Housing Supply in Johnson Township, AR
How many homes are available in Johnson Township, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Summary: The Johnson Township real estate market had 19 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Johnson Township housing inventory by bedroom type for April 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 66.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Johnson Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Johnson Township in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Johnson Township, AR
How long does it take to sell a home in Johnson Township, AR?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 51 Days | +27.9% |
Summary: Homes in Johnson Township had an average of 51 days on market in Apr 2024, up by 27.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Johnson Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Johnson Township; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.