Is Jonesboro, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jonesboro has remained a Seller's Market.
Key Takeaway
Jonesboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jonesboro, GA
How much do homes in Jonesboro, GA cost?
Median Sold Price
$254,926
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jonesboro have sold for 2% more than they did a year ago.
Summary: The median home sold price in Jonesboro was $254,926 in May 2024, up 2% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $72K | +20.0% |
| 2 Bedrooms | $155K | $189K | +21.9% |
| 3 Bedrooms | $235K | $239.9K | +2.1% |
| 4 Bedrooms | $287.5K | $290K | +0.9% |
| 5+ Bedrooms | $390K | $350K | -10.3% |
Summary: Jonesboro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 10.3%.
Housing Supply in Jonesboro, GA
How many homes are available in Jonesboro, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 435 | 474 | +9.0% |
Summary: The Jonesboro real estate market had 474 homes for sale in May 2024, a 9.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 220 | 250 | +13.6% |
| 4 Bedrooms | 143 | 145 | +1.4% |
| 5+ Bedrooms | 60 | 64 | +6.7% |
Summary: The Jonesboro housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 89 | 98 | +10.1% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jonesboro, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 98 homes were sold or pending in Jonesboro in May 2024, up by 10.1% month-over-month. Of the 90 sold homes, 44% were sold under asking, 24% were sold at asking, and 31% were sold over asking.
Days on Market for Jonesboro, GA
How long does it take to sell a home in Jonesboro, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 52 Days | +20.8% |
Summary: Homes in Jonesboro had an average of 52 days on market in May 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jonesboro are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 98 homes were sold in Jonesboro; 46% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.