Jacksonville Florida Real Estate Market August 2024

This real estate market report covers single family homes in Jacksonville Florida.

Homes in Jacksonville are taking a little longer to go under contract this August compared to last year. Not a huge difference. The median sales price is a little higher this year by almost 1% more. If you look at the original list price to sales price they are almost neck and neck.

Check out Mortgage Daily News for the latest mortgage rates.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 328,725and the other half were less than 328,725.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.67 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.