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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jacksonville West is a neutral's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Jacksonville West 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 West, FL

How much do homes in Jacksonville West, FL cost?

Median Sold Price

$245,879

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$2,214(+0.9%)

Key Takeaway

Homes in Jacksonville West have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in Jacksonville West was $245,879 in March 2024, up 0.9% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $137.9K$135K
-2.1%
2 $156.8K$164.5K
+4.9%
3 $235.4K$239.9K
+1.9%
4 $313.7K$305K
-2.8%
5+ $350K$354.6K
+1.3%

Summary: Jacksonville West housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 1.3%.

Median Sold Price Compared To Nearby Cities

Orange Park
+4.5%
Jacksonville East
+1.4%
Middleburg-Clay Hill
+1.0%
Jacksonville West
+0.9%
Jacksonville
0.2%

Housing Supply in Jacksonville West, FL

How many homes are available in Jacksonville West, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,9292,157+11.8%

Summary: The Jacksonville West real estate market had 2,157 homes for sale in March 2024, a 11.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 2024
+20.0%
2 247288
+16.6%
3 1,0671,199
+12.4%
4 499546
+9.4%
5+ 96100
+4.2%

Summary: The Jacksonville West housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 4.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
293345+17.7%

Asking Price vs. Sold Price

197 Homes Were Sold
Under Asking

94 Homes Were Sold
At Asking

54 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jacksonville West, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 345 homes were sold or pending in Jacksonville West in March 2024, up by 17.7% month-over-month. Of the 345 sold homes, 57% were sold under asking, 27% were sold at asking, and 16% were sold over asking.

Days on Market for Jacksonville West, FL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
65 Days56 Days-13.4%

Summary: Homes in Jacksonville West had an average of 56 days on market in Mar 2024, down by 13.4% compared to last year.

Breakdown of Home Sale Times

152 Homes Were Sold
Under 30 Days

109 Homes Were Sold
In 30 - 90 Days

84 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 345 homes were sold in Jacksonville West; 44% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 24% 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 18 Days Ago

Newest Listings in Jacksonville West, FL

Nearby Markets to Jacksonville West, FL

What housing markets are near Jacksonville West, FL?