Jacksonville FL Real Estate Market Update April 2025
This report is for single family homes in Jacksonville.
Another month of Jacksonville’s median sales price being less than what it was in April 2024. Last month’s report was worse. Negative 7%, while this month was negative 2%. I do feel this will be the trend for this year. Especially with the uncertainties of the tariffs and many government jobs shut down. Prices are still high, buyers are still on the fence.
Rates are still around 7% for the month of May, which if you remember, these reports I always write in arrears to give agents a chance to get their numbers in. You can always get the latest mortgage rates at Mortgage Daily News.
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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 327,722 and the other half were less than 327,722.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.07 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.
