Is Jacksonville East, 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, Jacksonville East has remained a Seller's Market.
Key Takeaway
Jacksonville East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jacksonville East, FL
How much do homes in Jacksonville East, FL cost?
Median Sold Price
$349,884
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Jacksonville East have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Jacksonville East was $349,884 in March 2024, up 1.4% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169K | $175K | +3.6% |
| 2 Bedrooms | $230K | $240K | +4.3% |
| 3 Bedrooms | $335.5K | $335.5K | 0% |
| 4 Bedrooms | $479.4K | $480.2K | 0.2% |
| 5+ Bedrooms | $674.9K | $716.6K | +6.2% |
Summary: Jacksonville East housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 4.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
| Ponte Vedra | $713.3K | $749.3K | +5.0% |
| Fruit Cove | $549.9K | $559K | +1.7% |
| Jacksonville East | $345.1K | $349.8K | +1.4% |
| Saint Johns | $535.4K | $539.9K | +0.8% |
| Jacksonville Beach | $650K | $634.3K | -2.4% |
Housing Supply in Jacksonville East, FL
How many homes are available in Jacksonville East, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2,201 | 2,362 | +7.3% |
Summary: The Jacksonville East real estate market had 2,362 homes for sale in March 2024, a 7.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 56 | 68 | +21.4% |
| 2 Bedrooms | 428 | 455 | +6.3% |
| 3 Bedrooms | 1,016 | 1,102 | +8.5% |
| 4 Bedrooms | 558 | 571 | +2.3% |
| 5+ Bedrooms | 143 | 166 | +16.1% |
Summary: The Jacksonville East housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 16.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 443 | 491 | +10.8% |
Asking Price vs. Sold Price
277 Homes Were Sold
Under Asking
139 Homes Were Sold
At Asking
75 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jacksonville East, you may be able to get a good deal. 56.4% of homes here sold below asking price last month.
Summary: A total of 491 homes were sold or pending in Jacksonville East in March 2024, up by 10.8% month-over-month. Of the 491 sold homes, 56% were sold under asking, 28% were sold at asking, and 15% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 50 Days | -25.5% |
Summary: Homes in Jacksonville East had an average of 50 days on market in Mar 2024, down by 25.5% compared to last year.
Breakdown of Home Sale Times
265 Homes Were Sold
Under 30 Days
123 Homes Were Sold
In 30 - 90 Days
103 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jacksonville East are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 491 homes were sold in Jacksonville East; 54% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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