Jonesboro Housing Market Continues to Grow

Considering a move to Arkansas? The Jonesboro housing market continues to grow steadily year over year, with the city seeing an increase in demand for homes from both local buyers and out-of-state buyers. Our market has remained strong, with affordable interest rates and a growing economy making it an attractive destination. This is appealing for those looking to invest in real estate for both personal and business opportunities in Jonesboro and the surrounding towns, such as Brookland, Paragould, and Walnut Ridge.

Market Value Growth

According to Zillow, the median home value in Jonesboro is currently around $200,000, which is a 8.2% increase from the previous year. The average home goes pending in approximately 41 days. The market is competitive, with homes selling quickly and multiple offers are being made on desirable properties. I can you help maneuver our real estate market with ease.

Employment Demands Housing

One of the reasons for the strong demand for homes in Jonesboro is the city’s growing economy. The area is home to several large employers, including Arkansas State University, NEA Baptist Hospital, and Riceland Foods. This has created a strong job market, which has in turn attracted a growing population of young professionals and families. With more employment comes the need for more housing. I personally work with a builder that specializes in new construction of single-family residence. We will have no problem finding what you need from the existing homes on the market and the new constructions coming on.

Cost of Living

Another factor driving the housing market in Jonesboro is the city’s attractive cost of living. The area has a lower cost of living than many other cities in the region. Consequently, this makes it an affordable place to live for many people. This has contributed to an increase in demand for homes, as buyers are able to get more for their money in Jonesboro than in other nearby cities. Even with the recent rise in material and labor costs, our average median home price remains approximately 56% of the national average of $359,000, according to NAR. I can help you “Count Your Pennies” because even the smallest of details matter and add up.

Buying Strategy

Accordingly, the Jonesboro housing market continues to be influenced by the COVID-19 pandemic of the past couple of years. The pandemic led many people to reassess their living situations. Some have chosen to move to smaller, more affordable cities like Jonesboro. This has increased demand for homes in the area, as more people are looking to buy homes outside of larger, more expensive cities. I have helped clients from East coast to West coast take advantage of our growing housing market so they can move here. Come experience our ease of living and Southern hospitality.

Conclusion

Overall, the housing market in Jonesboro, Arkansas is strong. We do not show no signs of slowing down. With a growing economy, affordable cost of living, and a high quality of life, it is an attractive destination for both local and out-of-state buyers looking to invest in real estate. If you are considering buying a home in Jonesboro, now is a great time to do so. Please reach out by email, text, or a phone call. I would love to help work through your real estate needs.