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%.
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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.