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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jacksonville is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, Jacksonville has remained a Seller's Market.

Key Takeaway

Jacksonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Jacksonville, FL cost?

Median Sold Price

$283,240

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$47,878(+20.3%)

Key Takeaway

Homes in Jacksonville have sold for 20.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $115.3K$150K
+30.1%
2 $154.7K$189.9K
+22.7%
3 $224.2K$271.6K
+21.1%
4 $300.1K$364.1K
+21.3%
5+ $407.1K$494.6K
+21.5%

Median Sold Price Compared To Nearby Cities

Jacksonville North
+24.7%
Jacksonville West
+23.2%
Jacksonville East
+21.2%
Jacksonville
+20.3%
Orange Park
+18.4%

How many homes are available in Jacksonville, FL?

Number of Homes For Sale

Jun 2022Jul 2022%
4,4894,466-0.5%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 7259
-18.1%
2 648640
-1.2%
3 2,3052,310
0.2%
4 1,1771,157
-1.7%
5+ 287300
+4.5%

Number of Homes Sold

Jun 2022Jul 2022%
1,402995-29.0%

Asking Price vs. Sold Price

364 Homes Were Sold
Under Asking

265 Homes Were Sold
At Asking

366 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jacksonville, you could pay more than the asking price. 36.8% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
27 Days24 Days-10.8%

Breakdown of Home Sale Times

710 Homes Were Sold
Under 30 Days

246 Homes Were Sold
In 30 - 90 Days

39 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jacksonville are selling fast, if you're buying plan to act quickly.

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

About Jacksonville, FL

Jacksonville, FL has 4,466 homes on the market. In July 2022 in Jacksonville, FL there were 0.5% less homes for sale than in June 2022. Listings spent 24 days on the market in July 2022, and had a median list price of $283,240 during the same period. From June 2022 through July 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 30.1%, 2 bedrooms properties prices increased by 22.7%, 3 bedrooms properties prices increased by 21.1%, 4 bedrooms properties became 21.3% more expensive, 5 bedrooms properties prices increased by 21.5%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory decreased by 18.1%, 2 bedrooms homes inventory decreased by 1.2%, volume of 3 bedrooms homes went up by 0.2%, 4 bedrooms homes inventory decreased by 1.7%, volume of 5 bedrooms homes went up by 4.5%. In July 2022, from all listings sold in Jacksonville, FL there were more than 366 sold above asking price, over 364 sold below and more than 265 were sold right at the asked price.

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