Is Southwest Jacksonville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southwest Jacksonville has remained a Seller's Market.
Housing Prices in Southwest Jacksonville, FL
How much do homes in Southwest Jacksonville, FL cost?
Median Sold Price
$275,063
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southwest Jacksonville was $275,063 in April 2024, down 1.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136.5K | $144K | +5.5% |
2 Bedrooms | $184K | $178.5K | -3.0% |
3 Bedrooms | $270K | $265K | -1.9% |
4 Bedrooms | $325K | $317.8K | -2.2% |
5+ Bedrooms | $385.9K | $395.5K | +2.5% |
Summary: Southwest Jacksonville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Neighborhoods
Southwest Jacksonville | $280.1K | $275K | -1.8% |
McGirts Creek | $287.3K | $272.5K | -5.2% |
Housing Supply in Southwest Jacksonville, FL
How many homes are available in Southwest Jacksonville, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
944 | 1,009 | +6.9% |
Summary: The Southwest Jacksonville real estate market had 1,009 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 91 | 98 | +7.7% |
3 Bedrooms | 555 | 583 | +5.0% |
4 Bedrooms | 265 | 295 | +11.3% |
5+ Bedrooms | 30 | 30 | 0.0% |
Summary: The Southwest Jacksonville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
176 | 194 | +10.2% |
Asking Price vs. Sold Price
104 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 194 homes were sold or pending in Southwest Jacksonville in April 2024, up by 10.2% month-over-month. Of the 194 sold homes, 54% were sold under asking, 27% were sold at asking, and 20% were sold over asking.
Days on Market for Southwest Jacksonville, FL
How long does it take to sell a home in Southwest Jacksonville, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 58 Days | -11.6% |
Summary: Homes in Southwest Jacksonville had an average of 58 days on market in Apr 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Summary: During April 2024, 194 homes were sold in Southwest Jacksonville; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.