Is 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, 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
$304,350
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jacksonville have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Jacksonville was $304,350 in April 2024, up 1.5% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | $168K | 0.3% |
| 2 Bedrooms | $215K | $220.1K | +2.4% |
| 3 Bedrooms | $288.5K | $290.5K | +0.7% |
| 4 Bedrooms | $388.5K | $374.9K | -3.5% |
| 5+ Bedrooms | $506K | $537.5K | +6.2% |
Summary: Jacksonville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
| Orange Park | $316.5K | $335K | +5.8% |
| Jacksonville East | $343.3K | $352.1K | +2.6% |
| Jacksonville | $299.9K | $304.3K | +1.5% |
| Jacksonville West | $244.6K | $245.1K | 0.2% |
| Jacksonville North | $329.9K | $320.2K | -2.9% |
Housing Supply in Jacksonville, FL
How many homes are available in Jacksonville, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5,126 | 5,412 | +5.6% |
Summary: The Jacksonville real estate market had 5,412 homes for sale in April 2024, a 5.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 91 | 105 | +15.4% |
| 2 Bedrooms | 730 | 791 | +8.4% |
| 3 Bedrooms | 2,612 | 2,737 | +4.8% |
| 4 Bedrooms | 1,389 | 1,456 | +4.8% |
| 5+ Bedrooms | 304 | 323 | +6.3% |
Summary: The Jacksonville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,064 | 1,036 | -2.6% |
Asking Price vs. Sold Price
577 Homes Were Sold
Under Asking
262 Homes Were Sold
At Asking
197 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jacksonville, you may be able to get a good deal. 55.7% of homes here sold below asking price last month.
Summary: A total of 1,036 homes were sold or pending in Jacksonville in April 2024, down by 2.6% month-over-month. Of the 1,036 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 71 Days | 49 Days | -31.1% |
Summary: Homes in Jacksonville had an average of 49 days on market in Apr 2024, down by 31.1% compared to last year.
Breakdown of Home Sale Times
544 Homes Were Sold
Under 30 Days
313 Homes Were Sold
In 30 - 90 Days
179 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 April 2024, 1036 homes were sold in Jacksonville; 53% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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