Jacksonville Florida Real Estate Market November 2024

This report covers single family homes in Jacksonville Florida.

I think this is the most balanced market we have seen on Jacksonville for a few years, based on the 5 months of inventory we saw in November. We saw a slight negative median sales price this month compared to November 2023. $990! Not much of a difference. It’s crazy that the real estate report for Jacksonville in October had us seeing a 10k increase and this month we see a small negative.

Mortgage Daily News is the website I go to when I want to see the latest mortgage rates.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 325,000 and the other half were less than 325,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 5.00 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.