Is Jonesboro, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jonesboro is a 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

+$4,926(+2.0%)

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

# BEDSMay 2023May 2024CHANGE
1 $60K$72K
+20.0%
2 $155K$189K
+21.9%
3 $235K$239.9K
+2.1%
4 $287.5K$290K
+0.9%
5+ $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 2024May 2024CHANGE
435474+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1215
+25.0%
3 220250
+13.6%
4 143145
+1.4%
5+ 6064
+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 2024May 2024CHANGE
8998+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

Asking vs Sold - buyer

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 2023May 2024CHANGE
43 Days52 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Jonesboro, GA

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