Jacksonville Florida Real Estate Market Report October 2024

Single Family Homes in Jacksonville Florida.

The median sales price in Jacksonville is 10k more this October than last year the same month. Approximately 800 more homes were on the market in October 2024 than October 2023, so that means more houses to choose from for the buyers. More competition for the sellers, but it’s a more normal market than we saw a couple years ago.

Curious about the mortgage rates? Check out Mortgage Daily News for the latest.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 325,500 and the other half were less than 325,500.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.24 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.