Is Jonesboro, IN 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 Last Month

Since last month, 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, IN

How much do homes in Jonesboro, IN cost?

Median Sold Price

$225,000

$85/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$142,500(+172.7%)

Key Takeaway

Homes in Jonesboro have sold for 172.7% more than they did a month ago.

Summary: The median home sold price in Jonesboro was $225,000 in November 2024, up 172.7% from last month, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$89.9K
N/A
2 $34K-
N/A
3 $142.2K$225K
+58.2%
4 -$239.9K
N/A
5+ --
N/A

Summary: Jonesboro housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 58.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Jonesboro
+172.7%
Mill Township
+40.0%
Gas City
+35.1%

Housing Supply in Jonesboro, IN

How many homes are available in Jonesboro, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
109-10.0%

Summary: The Jonesboro real estate market had 9 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 55
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Jonesboro housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jonesboro, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Jonesboro in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Jonesboro, IN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 17 Days Ago

Newest Listings in Jonesboro, IN

Nearby Markets to Jonesboro, IN

What housing markets are near Jonesboro, IN?