Here’s a look at the Johnson County & Greenwood Real Estate Market for March 2019. According to statistics released by the Indiana REALTOR® Association and MIBOR, new listings were up 4.5% 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 220 residential, single-family homes sold during the month of March in Johnson County. While this number is up from the 155 sold last month and the 213 sold in March 2018, the total NEW listings has lowered from 257 in March 2018 to 238 this year. The median sale price for homes was $196,000, an increase from the $175,000 recorded this time last year. The median listing price was $203,950. This amount is up from the $184,999 in March 2018.
There were 94 residential, single-family homes sold during the month of March in Greenwood. This number is showing a increase from the 68 sold last month and the 72 sold in March 2018. The median sale price for homes was $209,000. This amount shows an increase from the $183,950 recorded this time last year. The median listing price was $219,900. This amount is down from the median listing price of $234,900 in March 2018.
What Does this Data Mean?
There’s currently a 1.6 months supply of real estate inventory (homes available to purchase) 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. With the inventory rate so low, this is considered to be a “buyer’s market” (i.e. there are more buyers than homes for sale).
What does this mean for home buyers?
Johnson County had 260 new listings in March, which is actually down by 53 units from last year’s 313. Greenwood had 158 new listings. This number is very slightly up from the 149 new listings this same time last year. When compared to stats from last month, new listing numbers are up as well. 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 97% of their original price. This number is down very slightly from 97.2% last year. Greenwood home sellers are receiving 98.2%, which is up a bit from 97.8% in 2018. The average number of days a property stays on the market in Johnson County is 45 days. This number has improved when you consider that 59 days was the average this time last year. Greenwood homes are seeing an average of 47 days, which is an improvement over the 63 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 carefully interview your real estate agent prior to listing your home for sale. He/she should come prepared with specific data to support any recommendation of value to help you make an 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 Community & Center Grove schools districts). All homes here are priced $250,000 or less.