Is Northwest Jacksonville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Northwest Jacksonville was a Seller's Market.
Housing Prices in Northwest Jacksonville, FL
How much do homes in Northwest Jacksonville, FL cost?
Median Sold Price
$229,999
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Northwest Jacksonville was $229,999 in March 2024, up 9.5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $135K | +8.0% |
2 Bedrooms | $145K | $162.5K | +12.1% |
3 Bedrooms | $203.3K | $213.1K | +4.8% |
4 Bedrooms | $305K | $295.8K | -3.0% |
5+ Bedrooms | $361.4K | $345K | -4.6% |
Summary: Northwest Jacksonville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Neighborhoods
Northwest Jacksonville | $209.9K | $229.9K | +9.5% |
Edgewood Manor | $140K | $143.9K | +2.8% |
Magnolia Gardens | $155K | $142.5K | -8.1% |
Housing Supply in Northwest Jacksonville, FL
How many homes are available in Northwest Jacksonville, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
861 | 972 | +12.9% |
Summary: The Northwest Jacksonville real estate market had 972 homes for sale in March 2024, a 12.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 123 | 145 | +17.9% |
3 Bedrooms | 482 | 542 | +12.4% |
4 Bedrooms | 214 | 239 | +11.7% |
5+ Bedrooms | 34 | 39 | +14.7% |
Summary: The Northwest Jacksonville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 14.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
126 | 159 | +26.2% |
Asking Price vs. Sold Price
94 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 159 homes were sold or pending in Northwest Jacksonville in March 2024, up by 26.2% month-over-month. Of the 159 sold homes, 59% were sold under asking, 27% were sold at asking, and 14% were sold over asking.
Days on Market for Northwest Jacksonville, FL
How long does it take to sell a home in Northwest Jacksonville, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 50 Days | -12.5% |
Summary: Homes in Northwest Jacksonville had an average of 50 days on market in Mar 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During March 2024, 159 homes were sold in Northwest Jacksonville; 46% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.