Is Jacksonville, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jacksonville is a neutral's market

Buyer's
Market

Difference Since November 2022

At the same time last year, Jacksonville was a Seller's Market.

Key Takeaway

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 Jacksonville, FL

How much do homes in Jacksonville, FL cost?

Median Sold Price

$298,631

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$1,693(+0.6%)

Key Takeaway

Homes in Jacksonville have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in Jacksonville was $298,631 in November 2023, up 0.6% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $158.5K$169.5K
+6.9%
2 $208.9K$215.1K
+3.0%
3 $284.9K$285.5K
0.2%
4 $379.4K$376.1K
-0.9%
5+ $512.5K$527.2K
+2.9%

Summary: Jacksonville housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Cities

Jacksonville West
+1.6%
Jacksonville
+0.6%
Orange Park
0.1%
Jacksonville East
-0.4%
Jacksonville North
-3.1%

Housing Supply in Jacksonville, FL

How many homes are available in Jacksonville, FL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
4,2174,247+0.7%

Summary: The Jacksonville real estate market had 4,247 homes for sale in November 2023, a 0.7% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 5861
+5.2%
2 605632
+4.5%
3 2,1262,112
-0.7%
4 1,1551,158
0.3%
5+ 273284
+4.0%

Summary: The Jacksonville housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 4%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
920691-24.9%

Asking Price vs. Sold Price

418 Homes Were Sold
Under Asking

166 Homes Were Sold
At Asking

107 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jacksonville, you may be able to get a good deal. 60.5% of homes here sold below asking price last month.

Summary: A total of 691 homes were sold or pending in Jacksonville in November 2023, down by 24.9% month-over-month. Of the 691 sold homes, 60% were sold under asking, 24% were sold at asking, and 15% were sold over asking.

Days on Market for Jacksonville, FL

How long does it take to sell a home in Jacksonville, FL?

Average Sale Time

Nov 2022Nov 2023CHANGE
49 Days39 Days-19.8%

Summary: Homes in Jacksonville had an average of 39 days on market in Nov 2023, down by 19.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Jacksonville has remained consistent over time.

Summary: During November 2023, 691 homes were sold in Jacksonville; 1% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Jacksonville, FL

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