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.
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
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
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
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.