Jacksonville Florida Real Estate Market September 2024
This report covers single family homes in Jacksonville Florida.
You don’t see the median sales price for Jacksonville Florida to be the exact same for the same month, but the two different years. We do for September 2024, with a median sales price of 325k. Looking at a seller’s market, leaning towards a more balanced one.
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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 4.34 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.
