Jacksonville Fl Real Estate Market Update March 2025
Single family homes in Jacksonville Florida.
Inventory is up over last year by almost 1000 homes, which is great for buyers, because it allows them to have more to choose from. We saw more home sell in March 2025, then March 2024. So we’re at an inventory level that actually still represents a seller’s market. I know that you hear totally different from the media which is why you shouldn’t believe them. Always check with local experts like yours truly. My numbers are based off or multiple listing service showing single-family homes. I don’t include condos, because that is a totally different monster.
The median sales price in Jacksonville is less this year than the same time March 2024.
I have started to add local events to these monthly market updates to show you what’s happening around Jacksonville. This month I want to feature the arts and entertainment culture linking to the City of Jacksonville website.
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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 314,995 and the other half were less than 314,995.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.56 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.
