Great NoCo Homes Market Update

Johnstown, CO

Single-Family Homes

Doug Lindstrom | www.GreatNoCoHomes.com



Johnstown, CO

Fri May 27 2022
This week the median list price for Johnstown, CO is $582,920 with the market action index hovering around 62. This is less than last month's market action index of 71. Inventory has increased to 42. Click here to stay informed with the Johnstown market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Johnstown, CO

Fri May 27 2022
This week the median list price for Johnstown, CO is $582,920 with the market action index hovering around 62. This is less than last month's market action index of 71. Inventory has increased to 42. Click here to stay informed with the Johnstown market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Johnstown market.
Median List Price $582,920
Median Price of New Listings $595,000
Per Square Foot $233
Average Days on Market 207
Median Days on Market 21
Price Decreased 14%
Price Increased 33%
Relisted 31%
Inventory 42
Median Rent
Market Action 62
Strong Seller's Market

Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$679,257 3,101 8,000 - 10,000 sqft 4 2.8 4 2 3 21
$604,435 2,685 6,500 - 8,000 sqft 4 3 0 2 2 14
$564,200 2,481 6,500 - 8,000 sqft 4 3 0 2 1 14
$491,500 1,875 0 - 4,500 sqft 3 2.5 1 1 3 693