Is Jonesboro, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Jonesboro was a Seller's Market.
Key Takeaway
Jonesboro is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Jonesboro, GA
How much do homes in Jonesboro, GA cost?
Median Sold Price
$255,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Jonesboro have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Jonesboro was $255,000 in March 2024, up 6.3% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $72K | N/A |
| 2 Bedrooms | $174K | $189K | +8.6% |
| 3 Bedrooms | $227K | $240.2K | +5.8% |
| 4 Bedrooms | $269.8K | $284.5K | +5.4% |
| 5+ Bedrooms | $327.5K | $361.5K | +10.4% |
Summary: Jonesboro housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 10.4%.
Housing Supply in Jonesboro, GA
How many homes are available in Jonesboro, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 398 | 442 | +11.1% |
Summary: The Jonesboro real estate market had 442 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 209 | 234 | +12.0% |
| 4 Bedrooms | 129 | 136 | +5.4% |
| 5+ Bedrooms | 53 | 65 | +22.6% |
Summary: The Jonesboro housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 22.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 71 | +7.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jonesboro, expect to pay close to the asking price. 38.6% of homes here sold near the asking price last month.
Summary: A total of 71 homes were sold or pending in Jonesboro in March 2024, up by 7.6% month-over-month. Of the 57 sold homes, 32% were sold under asking, 39% were sold at asking, and 30% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 45 Days | +34.0% |
Summary: Homes in Jonesboro had an average of 45 days on market in Mar 2024, up by 34% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
10 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 March 2024, 71 homes were sold in Jonesboro; 55% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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