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.
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
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
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
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.