Is Johnston, 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, Johnston was a Neutral Market.
Key Takeaway
Johnston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Johnston, IA
How much do homes in Johnston, IA cost?
Median Sold Price
$373,233
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Johnston have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Johnston was $373,233 in April 2024, up 5.1% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $222K | $236K | +6.3% |
| 3 Bedrooms | $312.5K | $296K | -5.3% |
| 4 Bedrooms | $420K | $409.9K | -2.4% |
| 5+ Bedrooms | $545K | $575K | +5.5% |
Summary: Johnston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Webster Township | $295.6K | $311.8K | +5.5% |
| Johnston | $355K | $373.2K | +5.1% |
| Grimes | $337.5K | $338.3K | 0.2% |
| Jefferson Township | $389.9K | $390K | 0.0% |
| Saylor Township | $268K | $247.5K | -7.6% |
Housing Supply in Johnston, IA
How many homes are available in Johnston, IA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 165 | 144 | -12.7% |
Summary: The Johnston real estate market had 144 homes for sale in April 2024, a 12.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 75 | 58 | -22.7% |
| 4 Bedrooms | 49 | 46 | -6.1% |
| 5+ Bedrooms | 27 | 26 | -3.7% |
Summary: The Johnston 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 remained the same, 3 bedroom homes decreased by 22.7%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 3.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 25 | -24.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Johnston, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Johnston in April 2024, down by 24.2% month-over-month. Of the 25 sold homes, 56% were sold under asking, 32% were sold at asking, and 12% were sold over asking.
Days on Market for Johnston, IA
How long does it take to sell a home in Johnston, IA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 100 Days | 83 Days | -16.5% |
Summary: Homes in Johnston had an average of 83 days on market in Apr 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Johnston are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in Johnston; 36% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
