Here’s a look at the Johnson County & Greenwood Real Estate Market for August 2019. According to statistics released by the MIBOR REALTOR® Association, median sale prices are up in both areas when compared to prices this time last year. Let’s take a closer look at the Johnson County and Greenwood area market trends.
A Look at Housing Stats
There were 286 residential, single-family homes sold during the month of August in Johnson County. The median sale price for sold homes was $203,500. This amount shows a significant increase from the $182,200 recorded this time last year. The number of new listings was 310. This amount is slightly down from the 329 in August 2018.
There were 167 residential, single-family homes sold during the month of August in Greenwood. The median sale price for sold homes was $217,500. This amount shows a slight increase from the $215,500 recorded this time last year. The median listing price was $224,900. This amount is also up from the $217,450 in August 2018.
What Does this Data Mean?
August began with a total of 395 single-family homes listed without an offer in Johnson County. This is a significant change from last year’s 452. There were 134 single-family homes listed without an offer in Greenwood. This number is also significantly lower than the 184 Greenwood homes in August 2018.
There’s currently a 1.4 months supply of real estate inventory in both Johnson County and Greenwood. This number remains consistent when compared to statistics from this time last year. For the market to be considered balanced, there would need to be a 6 months supply of inventory available on the real estate market.
What does this mean for home buyers?
Johnson County had 310 new listings in August, which is slightly less than last year’s 329. Greenwood had 172 new listings. This number is essentially the same as last year’s 173. Competition is strong for newly listed homes in both areas. How can you get the edge?
We suggest that you sign up for a free account that allows you to create home searches that center around the criteria you find important. When new homes are listed and added to our database that match your search criteria, you’ll receive an email alert.
What does this mean for home sellers?
Sellers in Johnson County are currently receiving 98.3% of their original price. This number is up slightly up from 97.9% last year. Greenwood home sellers are receiving 98.6%, which is also slightly down from the 97.9% in 2018. The average number of days a property stays on the market in Johnson County is 36 days. This number has stayed the same as the average this time last year. Greenwood homes are seeing an average of 23 days, which is an improvement over the 28 days from last year.
One of the keys to a successful sale is setting the asking price right the first time. We suggest that you get an idea of what your home is worth by using our online home valuation calculator. This information can help you make a more informed decision when it comes to setting your listing price.
Johnson County Homes for Sale
Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.
Here are the most recent home listings just added to the database in the median sale price range for Johnson County. All homes here are priced $182,200 or less.
Greenwood Homes for Sale
Here are the most recent home listings just added to the database in the median sale price range for Greenwood. All homes here are priced $216,000 or less.