Is Jonesborough, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jonesborough has remained a Seller's Market.
Key Takeaway
Jonesborough is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jonesborough, TN
How much do homes in Jonesborough, TN cost?
Median Sold Price
$365,825
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jonesborough have sold for 6% more than they did a year ago.
Summary: The median home sold price in Jonesborough was $365,825 in May 2024, up 6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | - | N/A |
| 2 Bedrooms | $195K | $218.7K | +12.2% |
| 3 Bedrooms | $340K | $375K | +10.3% |
| 4 Bedrooms | $389.5K | $430K | +10.4% |
| 5+ Bedrooms | $520K | $665K | +27.9% |
Summary: Jonesborough housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 27.9%.
Housing Supply in Jonesborough, TN
How many homes are available in Jonesborough, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 156 | 154 | -1.3% |
Summary: The Jonesborough real estate market had 154 homes for sale in May 2024, a 1.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 103 | 101 | -1.9% |
| 4 Bedrooms | 25 | 22 | -12.0% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Jonesborough 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 11.1%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 51 | +37.8% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jonesborough, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Jonesborough in May 2024, up by 37.8% month-over-month. Of the 51 sold homes, 53% were sold under asking, 16% were sold at asking, and 31% were sold over asking.
Days on Market for Jonesborough, TN
How long does it take to sell a home in Jonesborough, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 88 Days | +42.5% |
Summary: Homes in Jonesborough had an average of 88 days on market in May 2024, up by 42.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jonesborough has remained consistent over time.
Summary: During May 2024, 51 homes were sold in Jonesborough; 16% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
