Is Johnston City, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Johnston City was a Seller's Market.
Key Takeaway
Johnston City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Johnston City, IL
How much do homes in Johnston City, IL cost?
Median Sold Price
$78,750
$59/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Johnston City have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Johnston City was $78,750 in May 2024, down 1.4% from last year, and the median price per square foot was $59.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $25K | N/A |
| 2 Bedrooms | $65K | $65K | 0.0% |
| 3 Bedrooms | $95K | $83K | -12.6% |
| 4 Bedrooms | $112.5K | $277.5K | +146.7% |
| 5+ Bedrooms | $49.5K | - | N/A |
Summary: Johnston City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 12.6%, 4 bedroom homes increased by 146.7%, and 5+ bedroom homes did not change.
Housing Supply in Johnston City, IL
How many homes are available in Johnston City, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 23 | +43.8% |
Summary: The Johnston City real estate market had 23 homes for sale in May 2024, a 43.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 7 | +133.3% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Johnston City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Johnston City, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Johnston City in May 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Johnston City, IL
How long does it take to sell a home in Johnston City, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 6 Days | +111.1% |
Summary: Homes in Johnston City had an average of 6 days on market in May 2024, up by 111.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Johnston City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Johnston City; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.