Jacksonville, FL
Housing Market
Jacksonville's housing market is dynamic, with home prices and demand constantly shifting. Houzeo's housing market report monitors these fluctuations, providing real-time insights into Jacksonville's supply and demand trends. Our report equips you with the information you need to make well-informed decisions.
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Buy or SellJacksonville Housing Market Overview
The housing market in Jacksonville FL offers a diverse range of properties, like waterfront homes, historic homes, and townhouses, catering to various budgets and preferences. The Jacksonville real estate market has experienced a cooling trend in recent months. February 2025 saw the median home price in Jacksonville FL decrease by 4.4% YoY to $300,000. Properties typically remain on the market for 71 days, a moderate increase from 65 days last year. Over the years, Jacksonville has attracted buyers with its affordable housing options compared to other Florida cities due to its strong job market, and quality of life.
On the downward trend, Jacksonville real estate sales have declined significantly. In February 2025, 829 homes were sold, a 16.3% decrease from last year. This downturn suggests a shift toward a more buyer’s market with less competition among buyers. Nevertheless, Jacksonville's real estate market remains an important component of Northeast Florida's economy. Known for its extensive park system, military presence, and growing downtown area, Jacksonville attracts both local and out-of-state buyers. To navigate this market effectively, sellers should consider competitive pricing strategies while buyers may find increased negotiating power.
On the downward trend, Jacksonville real estate sales have declined significantly. In February 2025, 829 homes were sold, a 16.3% decrease from last year. This downturn suggests a shift toward a more buyer’s market with less competition among buyers. Nevertheless, Jacksonville's real estate market remains an important component of Northeast Florida's economy. Known for its extensive park system, military presence, and growing downtown area, Jacksonville attracts both local and out-of-state buyers. To navigate this market effectively, sellers should consider competitive pricing strategies while buyers may find increased negotiating power.
Median Sale Price
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Jacksonville Housing Supply
Jacksonville presents opportunities for real estate investors due to its steady growth and expanding economy. Homes for sale in Jacksonville have increased significantly to 4,619 properties- a 19.2% YoY rise. Despite this inventory growth, newly listed homes decreased by 8.2% YoY with 1,495 new properties entering the market. The Jacksonville housing supply currently stands at 5.6 months citywide, up 1.7 months from the previous year. This indicates a market trending toward buyers.
Jacksonville's housing supply experiences seasonal variations. Spring and summer typically see increased listing activity as families prefer to move during school breaks. The city's unique appeal stems from its combination of urban amenities and natural beauty, with the Atlantic Ocean, Intracoastal Waterway, and St. Johns River creating desirable waterfront living options. Popular neighborhoods like Riverside, Avondale, San Marco, and the growing areas of Nocatee and Bartram provide diverse inventory options from historic properties in Jacksonville Florida to new construction. Jacksonville's expanding infrastructure, including ongoing improvements to I-295 and the development of the Emerald Trail, further enhances its attractiveness to potential residents.
Jacksonville's housing supply experiences seasonal variations. Spring and summer typically see increased listing activity as families prefer to move during school breaks. The city's unique appeal stems from its combination of urban amenities and natural beauty, with the Atlantic Ocean, Intracoastal Waterway, and St. Johns River creating desirable waterfront living options. Popular neighborhoods like Riverside, Avondale, San Marco, and the growing areas of Nocatee and Bartram provide diverse inventory options from historic properties in Jacksonville Florida to new construction. Jacksonville's expanding infrastructure, including ongoing improvements to I-295 and the development of the Emerald Trail, further enhances its attractiveness to potential residents.
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Jacksonville
Jacksonville Housing Demand
Jacksonville's real estate market shows dampened signals in terms of competition. In February 2025, 13.3% of Jacksonville homes sold above their list price, a slight decrease of 0.57 percentage points from last year. On the other hand, price reductions increased to 36% of all Jacksonville housing listings, up from 31.4% in February of last year. This indicates growing pressure on sellers to adjust their expectations. Interestingly, the sale-to-list price ratio increased slightly to 96.9%, up 0.2 percentage points year over year. This means that sellers are now getting slightly closer to their asking prices compared to last year, despite the overall market cooling.
Under these conditions, strategic pricing becomes crucial for both buyers and sellers. As a home seller, you should price your property in Jacksonville FL competitively to attract more offers and sell faster. For buyers, the increased inventory creates opportunities for negotiation given that homes for sale in Jacksonville FL are spending more than 71 days on the market.
Under these conditions, strategic pricing becomes crucial for both buyers and sellers. As a home seller, you should price your property in Jacksonville FL competitively to attract more offers and sell faster. For buyers, the increased inventory creates opportunities for negotiation given that homes for sale in Jacksonville FL are spending more than 71 days on the market.
Homes Sold Above List Price
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Strong
Buyer
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Balanced
Seller
Strong
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Buyer’s Market
Seller’s Market
Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.
Jacksonville Housing Market: When to Buy or Sell?
Jacksonville's housing market fluctuates between buyer-friendly and seller-friendly conditions throughout the year. Like the Florida real estate market , Jacksonville experiences seasonal trends that can benefit both buyers and sellers. The current 5.6 months of supply indicates a market-approaching balance (typically 5 to 6 months in the US real estate market ), giving both parties relatively equal negotiating power.
For sellers, the slight increase in the sale-to-list price ratio suggests that properly priced houses in Jacksonville are still getting strong offers. However, the growing percentage of homes with price reductions indicates the need for accurate pricing. For buyers, the declining average home price in Jacksonville FL (-4.4% YoY) combined with an increased number of Jacksonville houses for sale presents favorable conditions. Understanding these market forces can help you time your purchase or sale strategically.
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Frequently Asked Questions
How have Jacksonville house prices changed over the past year?
Over the past year, median home prices in Jacksonville FL have decreased. As of February 2025, the median home value reached $300,000, reflecting a 4.4% decrease from the previous year. This decline offers potential opportunities for buyers while presenting challenges for sellers who purchased at market peaks. Consider using our free home value estimator to assess your property's current market value and compare it with nearby sales.
What are Jacksonville real estate market predictions for 2025?
House prices in Jacksonville FL are expected to stabilize in 2025 after the recent decline. The current 5.6 months of supply suggests a market approaching balance, which typically means more moderate price fluctuations. While the Florida housing market faces challenges, Jacksonville's strong job market and relative affordability compared to other Florida metropolitan areas may continue to attract buyers. However, buyers should remain cautious as mortgage rates continue to impact affordability.
What's the average home price in Jacksonville FL?
The average home price in Jacksonville FL varies based on factors like property type, size, and neighborhood. While the median home price stands at $300,000, condos typically start around $173,500, and single-family homes average around $319,000, with significant variation by area. Riverside and Avondale historic homes cost more, while outlying areas offer more affordable Jacksonville FL homes for sale. If you're looking to buy, there are cheap homes for sale in Jacksonville FL that can fit your budget.
Is this a good time to buy a house in Jacksonville?
The Jacksonville real estate market presents opportunities for buyers, with declining prices, and increased houses for sale in Jacksonville Florida. With 5.6 months of supply approaching the balanced market, buyers have more negotiating power than in recent years. However, you should weigh these advantages against current mortgage rates and your financial situation. You can check housing market trends in Jacksonville to decide the best time for investment.
How is the housing market right now in Jacksonville?
The housing market in Jacksonville Florida is transitioning toward a more balanced state. With declining prices (-4.4% YoY), increased inventory (19.2% YoY), and longer days on the market (71 days), buyers have gained some advantage. However, 13.3% of homes still sell above the list price indicating continued competition for homes for sale in Jacksonville Florida.
When will the Jacksonville housing market rebound?
According to the Jacksonville housing market forecast for 2025, the market may begin to stabilize by mid-2025. Factors including local job growth, continued migration, and Jacksonville's affordability suggest the potential for market recovery. However, much depends on mortgage rate trends and broader economic conditions.
How to buy a house in Jacksonville?
The steps to purchasing a house in Jacksonville FL should begin with a clear budget and a mortgage pre-approval. Buyers should then search for homes for sale in Jacksonville , submit offers, complete inspections, secure financing, and navigate the closing process. Given the current market conditions, buyers may have increased negotiating power, particularly on Jacksonville houses that have undergone price reductions.
How can I list my Jacksonville house for sale?
You can list your home for sale with a Flat Fee MLS Florida listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀
What are the current mortgage rates in Jacksonville FL?
The average mortgage rate for house buyers in Jacksonville FL currently fluctuates between 5.9% and 6.67%. Actual rates depend on market conditions and the borrower's credit score . With the market cooling, some lenders may offer competitive rates to attract qualified buyers. Always check current rates with lenders.
What is the cost of living in Jacksonville FL?
The cost of living in Jacksonville FL is approximately 7% lower than the national average and 5% lower than the Florida state average. Housing costs are 10% lower than the national average. The typical single-family home in Jacksonville costs around $319,000, with significant variations by neighborhood. Other necessities such as groceries, utilities, and transportation are slightly below national averages, making Jacksonville one of Florida's more affordable major cities.
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