Is Jonesboro, AR 72401 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Jonesboro is a balanced market. With about 5.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score24/ 100

More competitive than 18% of U.S. ZIP codes, and #80 of 132 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply5.5Under 4 months = seller’s market
Sold above original list10.8%Share of sales, last 3 months
Median sale-to-list96.8%Sold price ÷ list price
Median days on market46Listing to accepted offer
Median price per sq ft$124▲ +9.3% vs. last year

The Jonesboro housing market right now

In the three months ending August 31, 2026, 11% of homes in Jonesboro, AR 72401 sold above their list price, the typical home went under contract in 46 days and there were 5.5 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. That’s based on 105 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold faster (62 days then) and the median sale price rose 8% to $184,920. Overall, Jonesboro is about as competitive as it was a year ago.

Within Craighead County, homes here sell faster than in 78% of the county’s ZIP codes, and sell more often over asking than in 56%. On our competition score, Jonesboro ranks #80 of 132 AR ZIP codes with enough sales (score 24 out of 100).

Nearby, buyers who want less competition could look at Monette 72447 (0% sold over asking) or Cash 72421 (0% sold over asking), while Bay 72411 (67% sold over asking) and Lake City 72437 (44% sold over asking) are even more competitive.

Nearby markets

Bay 72411Buyer’s market $134 /sq ftBlack Oak 72414 — /sq ftBono 72416Seller’s market $162 /sq ftBrookland 72417Balanced $151 /sq ft Browse all markets →

Where Jonesboro is

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Questions about Jonesboro real estate

Is Jonesboro a buyer’s or seller’s market?

A balanced market: there were 5.5 months of supply in Jonesboro, AR 72401 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Jonesboro?

The typical home went under contract in 46 days in the latest three months.

Do homes in Jonesboro sell over asking?

11% of homes sold above their original list price, and the typical sale closed at 96.8% of the list price.

What are property taxes in Jonesboro?

About 0.53% of a home’s value a year in Craighead County, or roughly $2,120 on a $400,000 home.

What is the median home price in Jonesboro?

The median sale price was $184,920 in the three months ending August 31, 2026, about $124 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology