Jacksonville Fl Real Estate Market Update February 2025

Single family homes in Jacksonville Florida

Here’s another market report for Jacksonville. There’s a couple of note worthy stats I want to point out. The inventory level is almost 1k more homes this year on the market than last year in February. Almost 100 less homes sold in February 2025.

The median sales price in Jacksonville was down 20k this February!!! Yikes!

Go check out Mortgage Daily News for the latest mortgage rates. When I write these reports they are always written in arrears, so that’s why I don’t talk about what the actual rates are, because they would be current day.

In local news, The Army Corp of Engineers was about to be terminated in Jacksonville, but the termination has been terminated. The lease for the building actually doesn’t expire until 2027, so perhaps that’s why it was terminated. You can read all about that at How Are Federal Cuts Affecting Jacksonville?

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 320,000 and the other half were less than 320,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 5.22 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.

Jacksonville Fl Real Estate Market Update January 2025

This report features single family homes for Jacksonville Florida.

The median sales price in Jacksonville for January was $10 more in 2025 than 2024. That made me chuckle. Now, what caught my eye was the fact that the months inventory was 5.7 months! That’s a balanced market folks, with some leanings towards a buyer’s market. You may recall we had a change in January with President Biden handing off the presidential baton to President Trump. With that change, we could see some activity from the folks who were waiting on the fence to see what happens when President Trump back in the saddle.

The City of Jacksonville is working on some projects to help make downtown Jax a busy and thriving community. The Jacksonville Landing area will have some changes coming up soon,which is great news for Jacksonville. Finally, I feel that the ball has been dropped for that area, especially when places like Tampa riverside and Savannah GA have some great riverside spots. If you check out I Dig Jax, you can see the up and coming projects.

Go check out Mortgage Daily News for the latest mortgage rates. As this report is written in February 11th, we are seeing the rates hovering around 7%.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 315,000 and the other half were less than 315,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 5.70 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.

Jacksonville Fl Real Estate Market December 2024

This Jacksonville Fl real estate market report is for single family homes in the month of December 2025.

I know what you’re thinking buyers…..when will this darn seller’s market switch? It is actually not as bad as it seems. I mean there’s almost 1k more homes this year over last year. That’s huge! I know many want the rates to come down, even some wishing fr the 3s again, but that will only cause more demand, which will cause prices to come up. So, what can you do? Buydowns are an option to get your rates down. Many builders are offering to buy down your rate, which can help your monthly payment. Text or call me at 904-910-3516 to find out which ones.

You know I’m going to be recommending you check rates at Mortgage Daily News. I like their non bias approach and easy to understand explanations.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 335,000 and the other half were less than 335,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.62 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.

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.

Jacksonville Florida Real Estate Market Report October 2024

Single Family Homes in Jacksonville Florida.

The median sales price in Jacksonville is 10k more this October than last year the same month. Approximately 800 more homes were on the market in October 2024 than October 2023, so that means more houses to choose from for the buyers. More competition for the sellers, but it’s a more normal market than we saw a couple years ago.

Curious about the mortgage rates? Check out Mortgage Daily News for the latest.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 325,500 and the other half were less than 325,500.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.24 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.

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.

Go check out my favorite site for mortgage information and rates at Mortgage Daily News.

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.

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.

Jacksonville Fl Real Estate Market July 2024

This report covers single family homes in Jacksonville Florida.

We are experiencing a sellers market in Jacksonville for the month of July. I know you’re hearing the opposite, but that’s to get you to click their article, which gets them more advertisers. I always do these the month after the actual month, because of data entry not done in a timely manner.

The month of August will be bringing some changes to the real estate market as you may have heard about the NAR settlement. We will see how the real estate market reacts as we navigate through the mess.

Did you hear the rates have went down? They have! Check out Mortgage News Daily for the current rates. Now they are NOT in the 3s, but what do you think would happen to the real estate market if they did go that low again? It would cause another buyer frenzy driving prices up. Again. Which sounds flippant, but I don’t mean it that way. It’s really disappointing to see how hard it has been for buyers to afford homes in Jacksonville the past few years.

Right now as of this blog post being written, the rates are in the 6s. That’s not too bad, but with the current prices can be a struggle for buyers.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 333,480 and the other half were less than 333,480.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.53 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.

Jacksonville Fl Real Estate Market June 2024

This report covers single family homes in the Jacksonville Fl real estate market for June 2024

The median sales price in Jacksonville is up slightly, along with more homes on the market for buyers to choose from. Still, we are seeing a seller’s market. The crash is not near. The days on the market are at 26, which is from when the homes are listed to when they go under contract.

A great source for mortgage interest rates is Mortgage Daily News. They also provide great commentary that isn’t right or left leaning.

Buyers you can browse the current homes on the market pulled from our Multiple Listing Service:

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 335,000 and the other half were less than 335,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.36 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.

Jacksonville Fl Real Estate Market May 2024

This report covers single family homes in the Jacksonville Fl Real Estate Market for the month of May 2024.

The month’s inventory is up when you compare it to May in 2023. That means there are more homes available on the market now. More choices for buyers, more competition for sellers. Median sales price in Jacksonville was up over last year, so between the inventory levels and median prices, we are still showing a seller’s market. I know that can be discouraging to buyers, while bringing joy to sellers. Check out the chart below for more market stats.

To see what the current interest rates are, check out Mortgage Daily News for up to date mortgage rates.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 338,000 and the other half were less than 338,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.87 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.