Here’s a look at the Johnson County & Greenwood Real Estate Market for September 2018. 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 248 residential, single-family homes sold during the month of August in Johnson County. The median sale price for sold homes was $182,200. This amount shows an increase from the $172,900 recorded this time last year. The median listing price was $189,700. This amount is up from the $178,700 in August 2017.
There were 139 residential, single-family homes sold during the month of August in Greenwood. The median sale price for sold homes was $216,000. This amount shows an increase from the $200,000 recorded this time last year. The median listing price was $200,000. This amount is down from the $219,950 in August 2017.
What Does this Data Mean?
September began with a total of 772 single-family homes listed without an offer in Johnson County. This is down from last year’s 893. There were 502 single-family homes listed without an offer in Greenwood. This number is down slightly from the 575 in August 2017.
There’s currently a 3 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 396 new listings in August, which is just down by 10 units from last year’s 389. Greenwood had 246 new listings. This number is down from the 234 new listings this same time last year. 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 98.5% of their original price. This number is up slightly from 98.2% last year. Greenwood home sellers are receiving 98.8%, which is up from 98.1% in 2017. The average number of days a property stays on the market in Johnson County is 31 days. This number has improved when you consider that 49 days was the average this time last year. Greenwood homes are seeing an average of 28 days, which is an improvement over the 47 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.