Jacksonville FL Real Estate Market March 2024

This report is always done in arrears to give agents time to update the sold information. Single family homes in Jacksonville are the focus of these stats.

Big jump for the median sales price in Jacksonville this March compared to last year in March. Little over 8% increase, to a tune of around 26k. The days on the market came down, with houses taking 54 days to go under contract. The amount of homes available was neck and neck, but the amount sold in Jacksonville did decrease just a little. Still a seller’s market in our neck of the woods. If you’re wanting to see what the mortgage rates are at, I highly recommend Mortgage Daily News. They show the rates, plus give explanations as to what’s affecting them.

If you would like to see what the available homes are like in Jacksonville Florida, click the link below.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 337,990 and the other half were less than 337,990.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.80 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.