Is Jonesboro, IN 46938 a buyer’s or seller’s market?

The Jonesboro housing market right now

In the three months ending August 31, 2026, 17% of homes in Jonesboro, IN 46938 sold above their list price, the typical home went under contract in 63 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 6 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold more slowly (16 days then) and the median sale price fell 3% to $127,945. Overall, Jonesboro is less competitive than a year ago, which gives buyers more room.

Within Grant County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in 70%.

Nearby, buyers who want less competition could look at Upland 46989 (0% sold over asking) or Fairmount 46928 (0% sold over asking), while Fowlerton 46930 (100% sold over asking) and Matthews 46957 (50% sold over asking) are even more competitive.