Is Downtown Jacksonville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Downtown Jacksonville was a Seller's Market.
Key Takeaway
Downtown Jacksonville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Downtown Jacksonville, FL
How much do homes in Downtown Jacksonville, FL cost?
Median Sold Price
$261,500
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Downtown Jacksonville have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Downtown Jacksonville was $261,500 in April 2024, down 4.4% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169K | $110.5K | -34.6% |
| 2 Bedrooms | $322.5K | $325K | +0.8% |
| 3 Bedrooms | $615K | $443K | -28.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $485K | - | N/A |
Summary: Downtown Jacksonville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.6%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 28%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Downtown Jacksonville, FL
How many homes are available in Downtown Jacksonville, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Downtown Jacksonville real estate market had 20 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Jacksonville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Jacksonville, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Downtown Jacksonville in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Downtown Jacksonville, FL
How long does it take to sell a home in Downtown Jacksonville, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 45 Days | +4.4% |
Summary: Homes in Downtown Jacksonville had an average of 45 days on market in Apr 2024, up by 4.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Downtown Jacksonville has remained consistent over time.
Summary: During April 2024, 3 homes were sold in Downtown Jacksonville; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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