Is Johnson City, TN 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, Johnson City has remained a Seller's Market.
Key Takeaway
Johnson City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Johnson City, TN
How much do homes in Johnson City, TN cost?
Median Sold Price
$289,742
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Johnson City have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Johnson City was $289,742 in April 2024, up 5.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $164K | +2.6% |
| 2 Bedrooms | $170K | $193K | +13.5% |
| 3 Bedrooms | $266.5K | $289.9K | +8.8% |
| 4 Bedrooms | $413.7K | $434.9K | +5.1% |
| 5+ Bedrooms | $635K | $662.5K | +4.3% |
Summary: Johnson City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Elizabethton | $203.2K | $225.9K | +11.2% |
| Johnson City | $275.4K | $289.7K | +5.2% |
| Piney Flats | $428.2K | $384.1K | -10.3% |
Housing Supply in Johnson City, TN
How many homes are available in Johnson City, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 319 | 326 | +2.2% |
Summary: The Johnson City real estate market had 326 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 73 | 84 | +15.1% |
| 3 Bedrooms | 153 | 139 | -9.2% |
| 4 Bedrooms | 61 | 65 | +6.6% |
| 5+ Bedrooms | 30 | 35 | +16.7% |
Summary: The Johnson City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 15.1%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 89 | 87 | -2.2% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Johnson City, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.
Summary: A total of 87 homes were sold or pending in Johnson City in April 2024, down by 2.2% month-over-month. Of the 87 sold homes, 63% were sold under asking, 20% were sold at asking, and 17% were sold over asking.
Days on Market for Johnson City, TN
How long does it take to sell a home in Johnson City, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 64 Days | 62 Days | -3.3% |
Summary: Homes in Johnson City had an average of 62 days on market in Apr 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
56 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Johnson City has remained consistent over time.
Summary: During April 2024, 87 homes were sold in Johnson City; 18% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. 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. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.