Is Johnson County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Johnson County was a Seller's Market.
Key Takeaway
Johnson County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Johnson County, IA
How much do homes in Johnson County, IA cost?
Median Sold Price
$320,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Johnson County have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Johnson County was $320,000 in April 2024, up 10.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.4K | $211K | +22.4% |
| 2 Bedrooms | $181.2K | $170K | -6.2% |
| 3 Bedrooms | $257.5K | $280K | +8.7% |
| 4 Bedrooms | $359.9K | $374.9K | +4.2% |
| 5+ Bedrooms | $499.9K | $502.4K | 0.5% |
Summary: Johnson County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.4%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Counties
| Johnson County | $289.9K | $320K | +10.4% |
| Cedar County | $168K | $175K | +4.2% |
| Iowa County | $199K | $187.5K | -5.8% |
Housing Supply in Johnson County, IA
How many homes are available in Johnson County, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 312 | 312 | 0.0% |
Summary: The Johnson County real estate market had 312 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 37 | 34 | -8.1% |
| 3 Bedrooms | 121 | 111 | -8.3% |
| 4 Bedrooms | 90 | 90 | 0.0% |
| 5+ Bedrooms | 61 | 74 | +21.3% |
Summary: The Johnson County 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 decreased by 8.1%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 21.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 52 | +6.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Johnson County, you may be able to get a good deal. 40.4% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Johnson County in April 2024, up by 6.1% month-over-month. Of the 52 sold homes, 40% were sold under asking, 29% were sold at asking, and 31% were sold over asking.
Days on Market for Johnson County, IA
How long does it take to sell a home in Johnson County, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 48 Days | +16.0% |
Summary: Homes in Johnson County had an average of 48 days on market in Apr 2024, up by 16% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Johnson County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 52 homes were sold in Johnson County; 54% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. 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. Information Is Believed To Be Accurate But Not Guaranteed.