Is Johnston, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Johnston has remained a Seller's Market.
Key Takeaway
Johnston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Johnston, RI
How much do homes in Johnston, RI cost?
Median Sold Price
$400,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Johnston have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Johnston was $400,000 in April 2024, up 5.3% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $240K | +15.7% |
| 2 Bedrooms | $295K | $300.5K | +1.9% |
| 3 Bedrooms | $395K | $420.5K | +6.5% |
| 4 Bedrooms | $390K | $425K | +9.0% |
| 5+ Bedrooms | $420K | $505K | +20.2% |
Summary: Johnston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Cities
| Providence | $393.2K | $443.2K | +12.7% |
| North Providence | $335K | $375K | +11.9% |
| Cranston | $375K | $409.4K | +9.2% |
| Smithfield | $405K | $427K | +5.4% |
| Johnston | $379.9K | $400K | +5.3% |
Housing Supply in Johnston, RI
How many homes are available in Johnston, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 74 | 83 | +12.2% |
Summary: The Johnston real estate market had 83 homes for sale in April 2024, a 12.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 44 | 52 | +18.2% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Johnston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Johnston, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Johnston in April 2024, up by 4.8% month-over-month. Of the 22 sold homes, 27% were sold under asking, 23% were sold at asking, and 50% were sold over asking.
Days on Market for Johnston, RI
How long does it take to sell a home in Johnston, RI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 23 Days | -50.7% |
Summary: Homes in Johnston had an average of 23 days on market in Apr 2024, down by 50.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 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, 22 homes were sold in Johnston; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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