Jacksonville Fl Real Estate Market June 2024

This report covers single family homes in the Jacksonville Fl real estate market for June 2024

The median sales price in Jacksonville is up slightly, along with more homes on the market for buyers to choose from. Still, we are seeing a seller’s market. The crash is not near. 🙂 The days on the market are at 26, which is from when the homes are listed to when they go under contract.

A great source for mortgage interest rates is Mortgage Daily News. They also provide great commentary that isn’t right or left leaning.

Buyers you can browse the current homes on the market pulled from our Multiple Listing Service:

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 335,000 and the other half were less than 335,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.36 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.