Is Jacksonville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jacksonville has remained a Seller's Market.
Key Takeaway
Jacksonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jacksonville, NC
How much do homes in Jacksonville, NC cost?
Median Sold Price
$247,800
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jacksonville have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Jacksonville was $247,800 in May 2024, up 3.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $31.2K | - | N/A |
| 2 Bedrooms | $144.9K | $154.9K | +6.9% |
| 3 Bedrooms | $225.2K | $235K | +4.3% |
| 4 Bedrooms | $300.3K | $310K | +3.2% |
| 5+ Bedrooms | $400K | $415K | +3.8% |
Summary: Jacksonville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Midway Park | $283K | $308.2K | +8.9% |
| Jacksonville Township | $236K | $249.2K | +5.6% |
| Jacksonville | $239.2K | $247.8K | +3.6% |
Housing Supply in Jacksonville, NC
How many homes are available in Jacksonville, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 652 | 660 | +1.2% |
Summary: The Jacksonville real estate market had 660 homes for sale in May 2024, a 1.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 41 | 48 | +17.1% |
| 3 Bedrooms | 379 | 383 | +1.1% |
| 4 Bedrooms | 211 | 203 | -3.8% |
| 5+ Bedrooms | 21 | 26 | +23.8% |
Summary: The Jacksonville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 184 | 225 | +22.3% |
Asking Price vs. Sold Price
85 Homes Were Sold
Under Asking
82 Homes Were Sold
At Asking
58 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jacksonville, you may be able to get a good deal. 37.8% of homes here sold below asking price last month.
Summary: A total of 225 homes were sold or pending in Jacksonville in May 2024, up by 22.3% month-over-month. Of the 225 sold homes, 38% were sold under asking, 36% were sold at asking, and 26% were sold over asking.
Days on Market for Jacksonville, NC
How long does it take to sell a home in Jacksonville, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 36 Days | +60.3% |
Summary: Homes in Jacksonville had an average of 36 days on market in May 2024, up by 60.3% compared to last year.
Breakdown of Home Sale Times
158 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jacksonville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 225 homes were sold in Jacksonville; 70% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
