Is Jonesboro, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jonesboro have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Jonesboro was $255,000 in April 2024, up 4.1% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $72K | N/A |
| 2 Bedrooms | $185K | $189K | +2.2% |
| 3 Bedrooms | $230K | $240.3K | +4.5% |
| 4 Bedrooms | $273.5K | $290.5K | +6.2% |
| 5+ Bedrooms | $389.9K | $350K | -10.2% |
Summary: Jonesboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 10.2%.
Housing Supply in Jonesboro, GA
How many homes are available in Jonesboro, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 409 | 460 | +12.5% |
Summary: The Jonesboro real estate market had 460 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 15 | +114.3% |
| 3 Bedrooms | 221 | 234 | +5.9% |
| 4 Bedrooms | 119 | 151 | +26.9% |
| 5+ Bedrooms | 62 | 60 | -3.2% |
Summary: The Jonesboro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 114.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes decreased by 3.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 69 | 85 | +23.2% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jonesboro, you could pay more than the asking price. 41.6% of homes here sold above asking price last month.
Summary: A total of 85 homes were sold or pending in Jonesboro in April 2024, up by 23.2% month-over-month. Of the 77 sold homes, 36% were sold under asking, 22% were sold at asking, and 42% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 44 Days | +37.6% |
Summary: Homes in Jonesboro had an average of 44 days on market in Apr 2024, up by 37.6% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
12 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 April 2024, 85 homes were sold in Jonesboro; 49% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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