Jacksonville Florida Real Estate Market February 2024
Single family homes in Jacksonville Florida
We had a pretty big jump in the median sales for Jacksonville in February! 30k higher compared to February 2023. We also saw less homes on the market, but also less homes sold in Jacksonville last month. Still, we see a seller’s market and I know that buyers are not happy about that, and wonder when it will change. Crash talk has been happening, but the current supply is really causing us to not see a buyer’s market yet.
Buyers click the link below to see what the available homes are selling for.
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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 340,000 and the other half were less than 340,000.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.39 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:
Buyers’ Market: More than 7 months of Inventory
Balanced Market: From 5-7 months of Inventory
Sellers’ Market: Less than 5 months of inventory
Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.
Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.
