RealTrends Market Report

Jacksonville, FL

Single-Family Homes

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Jacksonville, FL

Tue May 28 2024
This week the median list price for Jacksonville, FL is $349,990 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 2,483. Click here to stay informed with the Jacksonville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Jacksonville, FL

Tue May 28 2024
This week the median list price for Jacksonville, FL is $349,990 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 2,483. Click here to stay informed with the Jacksonville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Jacksonville market.
Median List Price $349,990
Median Price of New Listings $329,990
Per Square Foot $197
Average Days on Market 79
Median Days on Market 42
Price Decreased 53%
Price Increased 5%
Relisted 6%
Inventory 2,483
Median Rent
Market Action 41
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$650,000 2,620 0.25 - 0.5 acre 4 3 22 63 47 49
$393,900 1,986 8,000 - 10,000 sqft 4 2 18 74 69 42
$309,900 1,618 8,000 - 10,000 sqft 3 2 20 78 86 35
$200,000 1,181 6,500 - 8,000 sqft 3 2 69 86 95 49