Is Jacksonville, 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 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.
Housing Prices in Jacksonville, FL
How much do homes in Jacksonville, FL cost?
Median Sold Price
$300,637
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Jacksonville has remained the same since last year.
Summary: The median home sold price in Jacksonville was $300,637 in March 2024, up 0.2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164K | $170K | +3.7% |
| 2 Bedrooms | $214.7K | $221.3K | +3.0% |
| 3 Bedrooms | $289.7K | $290K | 0.1% |
| 4 Bedrooms | $389.4K | $374.8K | -3.7% |
| 5+ Bedrooms | $500K | $534.4K | +6.9% |
Summary: Jacksonville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
| Orange Park | $320.4K | $335K | +4.5% |
| Jacksonville East | $345.1K | $349.8K | +1.4% |
| Jacksonville West | $243.6K | $245.8K | +0.9% |
| Jacksonville | $299.9K | $300.6K | 0.2% |
| Jacksonville North | $331.2K | $319.9K | -3.4% |
Housing Supply in Jacksonville, FL
How many homes are available in Jacksonville, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4,774 | 5,174 | +8.4% |
Summary: The Jacksonville real estate market had 5,174 homes for sale in March 2024, a 8.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 77 | 93 | +20.8% |
| 2 Bedrooms | 705 | 774 | +9.8% |
| 3 Bedrooms | 2,410 | 2,619 | +8.7% |
| 4 Bedrooms | 1,296 | 1,373 | +5.9% |
| 5+ Bedrooms | 286 | 315 | +10.1% |
Summary: The Jacksonville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 10.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 864 | 972 | +12.5% |
Asking Price vs. Sold Price
547 Homes Were Sold
Under Asking
273 Homes Were Sold
At Asking
152 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jacksonville, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 972 homes were sold or pending in Jacksonville in March 2024, up by 12.5% month-over-month. Of the 972 sold homes, 56% were sold under asking, 28% were sold at asking, and 16% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 54 Days | -19.5% |
Summary: Homes in Jacksonville had an average of 54 days on market in Mar 2024, down by 19.5% compared to last year.
Breakdown of Home Sale Times
474 Homes Were Sold
Under 30 Days
280 Homes Were Sold
In 30 - 90 Days
218 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jacksonville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 972 homes were sold in Jacksonville; 49% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.