Is Jacksonville West, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Jacksonville West was a Seller's Market.
Key Takeaway
Jacksonville West is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Jacksonville West, FL
How much do homes in Jacksonville West, FL cost?
Median Sold Price
$245,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Jacksonville West has remained the same since last year.
Summary: The median home sold price in Jacksonville West was $245,000 in May 2024, the same as last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $135K | +8.0% |
| 2 Bedrooms | $160K | $165K | +3.1% |
| 3 Bedrooms | $236.4K | $239.7K | +1.4% |
| 4 Bedrooms | $311.6K | $304.9K | -2.1% |
| 5+ Bedrooms | $345K | $353.2K | +2.4% |
Summary: Jacksonville West housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Orange Park | $314.9K | $335.6K | +6.5% |
| Jacksonville East | $340.1K | $355.4K | +4.5% |
| Middleburg-Clay Hill | $353.3K | $365.2K | +3.3% |
| Jacksonville | $299.2K | $304.9K | +1.9% |
| Jacksonville West | $244.9K | $245K | 0.0% |
Housing Supply in Jacksonville West, FL
How many homes are available in Jacksonville West, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2,228 | 2,361 | +6.0% |
Summary: The Jacksonville West real estate market had 2,361 homes for sale in May 2024, a 6.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 21 | -16.0% |
| 2 Bedrooms | 271 | 295 | +8.9% |
| 3 Bedrooms | 1,234 | 1,289 | +4.5% |
| 4 Bedrooms | 593 | 629 | +6.1% |
| 5+ Bedrooms | 105 | 127 | +21.0% |
Summary: The Jacksonville West housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 21%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 423 | 388 | -8.3% |
Asking Price vs. Sold Price
222 Homes Were Sold
Under Asking
104 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jacksonville West, you may be able to get a good deal. 57.2% of homes here sold below asking price last month.
Summary: A total of 388 homes were sold or pending in Jacksonville West in May 2024, down by 8.3% month-over-month. Of the 388 sold homes, 57% were sold under asking, 27% were sold at asking, and 16% were sold over asking.
Days on Market for Jacksonville West, FL
How long does it take to sell a home in Jacksonville West, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 61 Days | 54 Days | -11.7% |
Summary: Homes in Jacksonville West had an average of 54 days on market in May 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
183 Homes Were Sold
Under 30 Days
129 Homes Were Sold
In 30 - 90 Days
76 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jacksonville West are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 388 homes were sold in Jacksonville West; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.