Is Jonesboro, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Jonesboro has remained a Seller's Market.
Housing Prices in Jonesboro, AR
How much do homes in Jonesboro, AR cost?
Median Sold Price
$220,000
$134/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Jonesboro was $220,000 in May 2024, down 3.5% from last month, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $40K | N/A |
2 Bedrooms | $195K | $180.7K | -7.3% |
3 Bedrooms | $210.5K | $211K | 0.2% |
4 Bedrooms | $323.6K | $349.9K | +8.1% |
5+ Bedrooms | - | $485K | N/A |
Summary: Jonesboro housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Greenfield Township | $150K | $172K | +14.7% |
Nettleton Township | $184.5K | $196.5K | +6.5% |
Jonesboro | $228K | $220K | -3.5% |
Jonesboro Township | $228K | $220K | -3.5% |
Housing Supply in Jonesboro, AR
How many homes are available in Jonesboro, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
222 | 225 | +1.4% |
Summary: The Jonesboro real estate market had 225 homes for sale in May 2024, a 1.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 24 | 25 | +4.2% |
3 Bedrooms | 105 | 103 | -1.9% |
4 Bedrooms | 69 | 68 | -1.4% |
5+ Bedrooms | 24 | 28 | +16.7% |
Summary: The Jonesboro housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 55 | +17.0% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Jonesboro in May 2024, up by 17.0% month-over-month. Of the 48 sold homes, 60% were sold under asking, 23% were sold at asking, and 17% were sold over asking.
Days on Market for Jonesboro, AR
We’re sorry, we don't have information for this market at the moment