Here’s a look at the Johnson County & Greenwood Real Estate Market for September 2020. 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 for September 2020
In Johnson County:
- Listed – 289 single-family homes were listed in Johnson County. This is up from last year’s 267.
- Sold – There were 298 residential, single-family homes sold during the month of September in Johnson County. This is up 24.2% form last year.
- Median Price – was $224,950. This amount shows an increase from the $209,450 recorded this same time last year.
In Greenwood: (Pleasant and White River Twp)
- Listed – There were 215 single-family homes listed in Greenwood. This number is also up from 190 in September 2019.
- Sold – There were 221 residential, single-family homes sold during the month of September in Greenwood .
- Median sale price for sold homes was $237.000. This amount shows a significant increase from $215,000 recorded this time last year.
What Does this Data Mean?
It’s still a Seller’s Market. Although we are seeing an increase in listings, sales have also increased, so inventory continues to be very low, with multiple offers being received on many properties.
There’s currently an 18 day supply of real estate inventory in Johnson County and 15 days in Greenwood. This is much lower when compared to statistics from this time last year when there was approximately 50 days of inventory.
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?
Competition is strong for newly listed homes in both areas. How can you get the edge? We have an offer strategy that ensures you are putting your best offer forward and it includes much more than increasing your offer price. Reach out to the team by emailing us at firstname.lastname@example.org to get all of the details.
We suggest that you also sign up for a free home search account. When new homes are listed that match your search, you’ll receive an email alert instantly. In this market it’s essential you are one of the first buyers in to see a property and submit an offer. Our team of agents ensures someone is always available to make that happen.
What does this mean for home sellers?
Sellers in Johnson County are currently receiving 99.6% of their original price. This number is up slightly from 98.1% last year. Greenwood home sellers are receiving 99.4%, which is also slightly up from the 98.1% in 2019. The average number of days a property stays on the market in Johnson County is 26 days. This number has shortened when you consider that 29 days was the average for this time last year. Greenwood homes are seeing an average of 28 days, which is up slightly over the 27 days from last year.
The Hoagland Group has an exclusive Launch Strategy for new listings that increases our sellers opportunity to receive multiple offers, driving up the price and improving the terms. In fact the majority of our sellers are accepting offers over list price.
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. When you’re ready to get started we will fine tune the pricing and put the launch strategy in place to ensure you receive top dollar and the best terms.
Johnson County Homes for Sale
Here are the most recent home listings just added for Johnson County.
Greenwood Homes for Sale
Here are the most recent home listings just added for Greenwood.