Is Duval County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Duval County has remained a Seller's Market.
Key Takeaway
Duval County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Duval County, FL
How much do homes in Duval County, FL cost?
Median Sold Price
$309,977
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Duval County have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Duval County was $309,977 in March 2024, up 1.2% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171K | $175K | +2.3% |
| 2 Bedrooms | $219.9K | $229.3K | +4.2% |
| 3 Bedrooms | $294.6K | $296K | 0.5% |
| 4 Bedrooms | $396.4K | $380.8K | -3.9% |
| 5+ Bedrooms | $532.1K | $545.9K | +2.6% |
Summary: Duval County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Counties
| Nassau County | $406.3K | $423.9K | +4.3% |
| Duval County | $306.3K | $309.9K | +1.2% |
| Clay County | $349.1K | $349.9K | 0.2% |
| Saint Johns County | $500.5K | $499.9K | -0.1% |
| Baker County | $299.9K | $285K | -5.0% |
Housing Supply in Duval County, FL
How many homes are available in Duval County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5,053 | 5,499 | +8.8% |
Summary: The Duval County real estate market had 5,499 homes for sale in March 2024, a 8.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 87 | 104 | +19.5% |
| 2 Bedrooms | 755 | 832 | +10.2% |
| 3 Bedrooms | 2,539 | 2,771 | +9.1% |
| 4 Bedrooms | 1,355 | 1,443 | +6.5% |
| 5+ Bedrooms | 317 | 349 | +10.1% |
Summary: The Duval County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.5%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 10.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 914 | 1,026 | +12.3% |
Asking Price vs. Sold Price
585 Homes Were Sold
Under Asking
285 Homes Were Sold
At Asking
156 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Duval County, you may be able to get a good deal. 57% of homes here sold below asking price last month.
Summary: A total of 1,026 homes were sold or pending in Duval County in March 2024, up by 12.3% month-over-month. Of the 1,026 sold homes, 57% were sold under asking, 28% were sold at asking, and 15% were sold over asking.
Days on Market for Duval County, FL
How long does it take to sell a home in Duval County, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 54 Days | -19.7% |
Summary: Homes in Duval County had an average of 54 days on market in Mar 2024, down by 19.7% compared to last year.
Breakdown of Home Sale Times
505 Homes Were Sold
Under 30 Days
292 Homes Were Sold
In 30 - 90 Days
229 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Duval County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1026 homes were sold in Duval County; 49% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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