Here’s a look at the Johnson County & Greenwood Real Estate Market for January 2019. According to statistics released by the Indiana REALTOR® Association and MIBOR, new listings were up last month when compared to numbers from 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 113 residential, single-family homes sold during the month of January in Johnson County. This number down from the 179 sold last month and the 168 sold in January 2018. The median sale price for homes was $175,000. This amount shows an increase from the $158,000 recorded this time last year. The median listing price was $175,000. This amount is up from the $159,900 in January 2018.
There were 62 residential, single-family homes sold during the month of January in Greenwood. This number is showing a decrease from the 103 sold last month and the 81 sold in January 2018. The median sale price for homes was $189,900. This amount shows slight decrease from the $190,000 recorded this time last year. The median listing price was $192,450. This amount is down from the $199,900 in January 2018.
What Does this Data Mean?
There’s currently a 1.8 months supply of real estate inventory in Johnson County. This number is down slightly when compared to statistics from this time last year for Johnson County. 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 192 new listings in January, which is just up by 19 units from last year’s 173. Greenwood had 110 new listings. This number is up from the 92 new listings this same time last year. When compared to stats from last month, new listing numbers are up. But, the overall low number means that competition is still strong for available homes in both areas.
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What does this mean for home sellers?
Sellers in Johnson County are currently receiving 96.7% of their original price. This number is up slightly from 96.1% last year. Greenwood home sellers are receiving 98.7%, which is up from 95% in 2018. The average number of days a property stays on the market in Johnson County is 41 days. This number has improved when you consider that 60 days was the average this time last year. Greenwood homes are seeing an average of 42 days, which is an improvement over the 68 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 all Johnson County. All homes here are priced $250,000 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 (Greenwood & Center Grove schools districts). All homes here are priced $250,000 or less.