Is Jonesboro, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Jonesboro was a Seller's Market.
Housing Prices in Jonesboro, GA
How much do homes in Jonesboro, GA cost?
Median Sold Price
$252,215
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Jonesboro was $252,215 in February 2024, up 8.5% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $72K | N/A |
2 Bedrooms | $185K | $187.5K | +1.4% |
3 Bedrooms | $217K | $239.9K | +10.6% |
4 Bedrooms | $285K | $279.9K | -1.8% |
5+ Bedrooms | $305K | $365K | +19.7% |
Summary: Jonesboro housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 19.7%.
Housing Supply in Jonesboro, GA
How many homes are available in Jonesboro, GA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
369 | 421 | +14.1% |
Summary: The Jonesboro real estate market had 421 homes for sale in February 2024, a 14.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 190 | 226 | +18.9% |
4 Bedrooms | 114 | 129 | +13.2% |
5+ Bedrooms | 61 | 61 | 0.0% |
Summary: The Jonesboro housing inventory by bedroom type for February 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 18.9%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
64 | 62 | -3.1% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Jonesboro in February 2024, down by 3.1% month-over-month. Of the 52 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
33 Days | 31 Days | -6.9% |
Summary: Homes in Jonesboro had an average of 31 days on market in Feb 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 62 homes were sold in Jonesboro; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.