Jacksonville Fl Real Estate Market December 2024

This Jacksonville Fl real estate market report is for single family homes in the month of December 2025.

I know what you’re thinking buyers…..when will this darn seller’s market switch? It is actually not as bad as it seems. I mean there’s almost 1k more homes this year over last year. That’s huge! I know many want the rates to come down, even some wishing fr the 3s again, but that will only cause more demand, which will cause prices to come up. So, what can you do? Buydowns are an option to get your rates down. Many builders are offering to buy down your rate, which can help your monthly payment. Text or call me at 904-910-3516 to find out which ones.

You know I’m going to be recommending you check rates at Mortgage Daily News. I like their non bias approach and easy to understand explanations.

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 3.62 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.