Market reports aren’t complete until you’ve talked about home values. The chart below shows what the median home prices are for Jacksonville in 2007 and 2008, from January to the present.

What does median home price mean? We’ll use January as an example. $163,900 is the median home price (homes that sold) in January 2008, it represents the the price at which half of the homes sold are more expensive and the other half are less expensive. This gives you a general idea of where our values are. To really get an accurate number for your home though, you need to look at the homes that have sold in your neighborhood.

MONTH	2008	2007	Difference
January	163,900	175,000	-6%
February	167,005	187,490	-11%
March	179,950	181,000	-1%
April	173,000	189,900	-9%
May	178,627	191,750	-7%
June	180,000	194,000	-7%
July	165,000	181,500	-9%
August	162,500	177,000	-8%
September	155,000	178,095	-13%
October	152,500	179,900	-15%
November	144,950	174,000	-17%
December	157,000	175,000	-10%

2008 and 2007 grand total median home prices in Jacksonville, Fl

Jan 2008 – Dec 2008	165,000	-9% difference from 2007
Jan 2007 – Dec 2007	181,092

Although these figures were taken from the Northeast Florida Multiple Listing Service, Information is deemed to be reliable, but is not guaranteed.