Here’s a look at the Johnson County & Greenwood Real Estate Market for October 2018. According to statistics released by the MIBOR REALTOR® Association, new listings are up 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 330 residential, single-family homes sold during the month of September in Johnson County. This number up from the 248 sold last month and the 302 sold in September 2017. The median sale price for homes was $186,000. This amount shows an increase from the $160,000 recorded this time last year. The median listing price was $189,900. This amount is up from the $174,900 in August 2017.
There were 205 residential, single-family homes sold during the month of September in Greenwood. This number is showing an increase from the 139 sold last month and the 174 sold in September 2017. The median sale price for homes was $204,950. This amount shows an increase from the $181,500 recorded this time last year. The median listing price was $199,000. This amount is down from the $190,565 in September 2017.
What Does this Data Mean?
October began with a total of 1,155 single-family homes listed without an offer in Johnson County. This is down from last year’s 1,257. There were 665 single-family homes listed without an offer in Greenwood. This number is down from the 722 in September 2017.
There’s currently a 4 months supply of real estate inventory in Johnson County and a 3 months supply in Greenwood. This number remains consistent when compared to statistics from this time last year for Johnson County, but Greenwood is showing a decrease from the 4 months supply in September 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 388 new listings in September, which is just up by 30 units from last year’s 358. Greenwood had 226 new listings. This number is up from the 200 new listings this same time last year. When compared to stats from last month, new listing numbers are down. This 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 97.8% of their original price. This number is down from 98.8% last year. Greenwood home sellers are receiving 98.1%, which is down from 99.3% in 2017. The average number of days a property stays on the market in Johnson County is 42 days. This number has improved when you consider that 75 days was the average this time last year. Greenwood homes are seeing an average of 37 days, which is an improvement over the 54 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 $186,000 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 $204,950 or less.