Is Jacksonville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
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
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.5K | $169.5K | +6.9% |
| 2 Bedrooms | $208.9K | $215.1K | +3.0% |
| 3 Bedrooms | $284.9K | $285.5K | 0.2% |
| 4 Bedrooms | $379.4K | $376.1K | -0.9% |
| 5+ Bedrooms | $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 | $239.3K | $243K | +1.6% |
| Jacksonville | $296.9K | $298.6K | +0.6% |
| Orange Park | $325.4K | $325.8K | 0.1% |
| Jacksonville East | $337.6K | $336.4K | -0.4% |
| Jacksonville North | $330.3K | $320K | -3.1% |
Housing Supply in Jacksonville, FL
How many homes are available in Jacksonville, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 4,217 | 4,247 | +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
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 58 | 61 | +5.2% |
| 2 Bedrooms | 605 | 632 | +4.5% |
| 3 Bedrooms | 2,126 | 2,112 | -0.7% |
| 4 Bedrooms | 1,155 | 1,158 | 0.3% |
| 5+ Bedrooms | 273 | 284 | +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 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 920 | 691 | -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
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 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 49 Days | 39 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
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.
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