Jonesboro's real estate market is experiencing a price correction, with values down 6.5% from last year. The median home price in Jonesboro currently stands at $214,937.5. With 3.8 months of supply, Jonesboro's inventory levels remain relatively tight. Homes are now taking an average of 79 days to sell, significantly longer than the 51 days typical for this market. A significant 26.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 15.2% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Jonesboro market with the affordability index at 14.3. Looking ahead, the Jonesboro market is expected to maintain its current trajectory with relatively stable conditions.