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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jacksonville East is a neutral's market

Buyer's
Market

Difference Since January 2023

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

Key Takeaway

Jacksonville East 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 East, FL

How much do homes in Jacksonville East, FL cost?

Median Sold Price

$344,614

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$615(+0.2%)

Key Takeaway

The sold price of homes in Jacksonville East has remained the same since last year.

Summary: The median home sold price in Jacksonville East was $344,614 in January 2024, up 0.2% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $160.1K$174.1K
+8.8%
2 $228K$239K
+4.8%
3 $334.4K$330.2K
-1.2%
4 $475K$471K
-0.8%
5+ $671.4K$705K
+5.0%

Summary: Jacksonville East housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Cities

Ponte Vedra
+5.6%
Fruit Cove
+1.7%
Saint Johns
+1.6%
Jacksonville East
0.2%
Jacksonville Beach
-2.6%

Housing Supply in Jacksonville East, FL

How many homes are available in Jacksonville East, FL?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
1,7291,894+9.5%

Summary: The Jacksonville East real estate market had 1,894 homes for sale in January 2024, a 9.5% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 4051
+27.5%
2 312367
+17.6%
3 775844
+8.9%
4 483505
+4.6%
5+ 119127
+6.7%

Summary: The Jacksonville East housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.5%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
411276-32.8%

Asking Price vs. Sold Price

187 Homes Were Sold
Under Asking

54 Homes Were Sold
At Asking

35 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jacksonville East, you may be able to get a good deal. 67.8% of homes here sold below asking price last month.

Summary: A total of 276 homes were sold or pending in Jacksonville East in January 2024, down by 32.8% month-over-month. Of the 276 sold homes, 68% were sold under asking, 20% were sold at asking, and 13% were sold over asking.

Days on Market for Jacksonville East, FL

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

Average Sale Time

Jan 2023Jan 2024CHANGE
55 Days54 Days-0.9%

Summary: Homes in Jacksonville East had an average of 54 days on market in Jan 2024, down by 0.9% compared to last year.

Breakdown of Home Sale Times

125 Homes Were Sold
Under 30 Days

93 Homes Were Sold
In 30 - 90 Days

58 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 276 homes were sold in Jacksonville East; 45% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 21% 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 21 Days Ago

Newest Listings in Jacksonville East, FL

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