Is Jonesboro, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$255,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since June 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 $255,000 in June 2024, up 2% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.7K | $72K | -51.9% |
| 2 Bedrooms | $151.5K | $186K | +22.7% |
| 3 Bedrooms | $237.5K | $239K | +0.6% |
| 4 Bedrooms | $285K | $290K | +1.8% |
| 5+ Bedrooms | $390K | $349.5K | -10.4% |
Summary: Jonesboro housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.9%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 10.4%.
Housing Supply in Jonesboro, GA
How many homes are available in Jonesboro, GA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 448 | 449 | 0.2% |
Summary: The Jonesboro real estate market had 449 homes for sale in June 2024, a 0.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 21 | +23.5% |
| 3 Bedrooms | 233 | 240 | +3.0% |
| 4 Bedrooms | 140 | 126 | -10.0% |
| 5+ Bedrooms | 58 | 62 | +6.9% |
Summary: The Jonesboro housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 108 | 83 | -23.1% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jonesboro, you may be able to get a good deal. 50.7% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in Jonesboro in June 2024, down by 23.1% month-over-month. Of the 71 sold homes, 51% were sold under asking, 28% were sold at asking, and 21% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 27 Days | 38 Days | +39.4% |
Summary: Homes in Jonesboro had an average of 38 days on market in Jun 2024, up by 39.4% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
9 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 June 2024, 83 homes were sold in Jonesboro; 60% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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