Is Johnson County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Johnson County is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Johnson County was a Buyer's Market.

Key Takeaway

Johnson County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Johnson County, TN

How much do homes in Johnson County, TN cost?

Median Sold Price

$274,750

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$250(-0.1%)

Key Takeaway

The sold price of homes in Johnson County has remained the same since last year.

Summary: The median home sold price in Johnson County was $274,750 in April 2024, down 0.1% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $195.5K$113.5K
-41.9%
2 $270K$245K
-9.3%
3 $250K$274.5K
+9.8%
4 $404K$360K
-10.9%
5+ $440K$950K
+115.9%

Summary: Johnson County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.9%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 115.9%.

Median Sold Price Compared To Nearby Counties

Washington County
+9.6%
Carter County
+9.0%
Johnson County
-0.1%

Housing Supply in Johnson County, TN

How many homes are available in Johnson County, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7989+12.7%

Summary: The Johnson County real estate market had 89 homes for sale in April 2024, a 12.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 56
+20.0%
2 1014
+40.0%
3 4349
+14.0%
4 1616
0.0%
5+ 54
-20.0%

Summary: The Johnson County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 14%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1116+45.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Johnson County, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Johnson County in April 2024, up by 45.5% month-over-month. Of the 16 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% were sold over asking.

Days on Market for Johnson County, TN

How long does it take to sell a home in Johnson County, TN?

Average Sale Time

Apr 2023Apr 2024CHANGE
134 Days97 Days-27.3%

Summary: Homes in Johnson County had an average of 97 days on market in Apr 2024, down by 27.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Johnson County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 16 homes were sold in Johnson County; 31% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Johnson County, TN

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What housing markets are near Johnson County, TN?