Here’s a look at the Johnson County & Greenwood Real Estate Market for November 2018. According to statistics released by the MIBOR REALTOR® Association, new listings are up again this 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 332 residential, single-family homes sold during the month of October in Johnson County. This number up from the 330 sold last month and the 308 sold in October 2017.
The median listing price was $187,900. This amount is up from the $164,500 in October 2017.
There were 199 residential, single-family homes sold during the month of October in Greenwood. This number is showing a slight drop from the 205 sold last month, but shows an increase from the 168 sold in October 2017.
The median listing price was $218,700. This amount is up from the $185,000 in October 2017.
What Does this Data Mean?
November began with a total of 1,162 single-family homes listed without an offer in Johnson County, which is down slightly from last year’s 1,167. There were 671 single-family homes listed without an offer in Greenwood, which is down from the 673 in October 2017.
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 376 new listings in October, which is just up by 77 units from last year’s 299. Greenwood had 219 new listings. This number is up from the 177 new listings this same time last year.
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 97.8% of their original price. This number is down from 98.9% last year. Greenwood home sellers are receiving 98.5%, which is up from 98% in 2017.
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 $180,000 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. All homes here are priced $194,950 or less.