Market reports aren’t complete until you’ve talked about home values. The chart below shows what the median home prices are for Jacksonville in 2007 and 2008, from January to the present.
What does median home price mean? We’ll use January as an example. $163,900 is the median home price (homes that sold) in January 2008, it represents the the price at which half of the homes sold are more expensive and the other half are less expensive. This gives you a general idea of where our values are. To really get an accurate number for your home though, you need to look at the homes that have sold in your neighborhood.
2008 and 2007 grand total median home prices in Jacksonville, Fl
|Jan 2008 – Dec 2008||165,000||-9% difference from 2007|
|Jan 2007 – Dec 2007||181,092|
Although these figures were taken from the Northeast Florida Multiple Listing Service, Information is deemed to be reliable, but is not guaranteed.