Jacksonville FL Real Estate - Jacksonville FL Homes For Sale | Zillow (2024)

FAQs

Are housing prices dropping in Jacksonville Florida? ›

Homes in Jacksonville have sold for 2.4% more than they did a year ago. Summary: The median home sold price in Jacksonville was $306,356 in July 2024, up 2.4% from last year, and the median price per square foot was $190.

With a median home price of $49,961 and a median rent of $746, Longbranch is the most affordable neighborhood on our list. Based on the growth in home prices in Longbranch over the last 3 years, it ranks No. 193 among all the neighborhoods in Jacksonville.

Avondale. If you're looking for a safe, suburban area to live in Jacksonville, look no further than Avondale. Thanks to the area's many parks, access to the St. Johns River, and diverse mix of people, it's a great place for young adults in addition to being a popular Jacksonville neighborhood for families.

Data as of December 31, 2023, indicates that the Jacksonville Metropolitan Statistical Area has been experiencing a steady trend with a projection of a 0.1% increase in home prices by January 2024, and a 0.3% rise by March of the same year. This suggests a consistent growth pattern in the market.

Experts suggest Jacksonville homes may be overvalued by about 30%, potentially impacting future market dynamics. The housing market forecast predicts modest growth, with a projected 0.2% increase by April 2025.

Sale-to-list price ratio: 94.97% Jacksonville, FL is a buyer's market in July 2024, which means that the supply of homes is greater than the demand for homes.

Deerwood. Located in Duval County on the southside of Jacksonville, relocating to Deerwood with the assistance of a moving company is the perfect picture of safety. The city is one of the most affluent and safest neighborhoods in Jacksonville, FL.

Focusing on zone one which is downtown and the Urban Core including zip codes: 32202 - 32204 - 32206 - 32208 - 32209 - and 32254. FHD says the death rate there is higher than any other zone in several categories. The number that sticks out the most -- homicides.

East Jacksonville is the most dangerous neighborhood in Jacksonville, Florida. Its convenient proximity to downtown brings residents closer to the vibrant array of events that keep the community lively. But amidst the hustle and bustle lies a stark reality—crime rates here soar 88% higher than the national average.

Compared to many areas in Florida, Jacksonville offers a low cost of living, making it an attractive option for retirees looking to stretch their hard-earned savings. Additionally, the city is home to its thriving cultural scene, access to top healthcare facilities, and ample leisure activities.

Is it worth moving to Jacksonville? ›

Pro: Affordable cost of living

The overall cost of groceries, transportation, and healthcare in Jacksonville is also notably lower than in many comparable and nearby cities. For example, in Jacksonville, healthcare expenses are 8% lower in Jacksonville compared to Orlando.

Fort George Island. With a median home price of $389,650 and a median rent of $1,676, Fort George Island is the most expensive neighborhood on our list. Based on the growth in home prices in Fort George Island over the last 3 years, it ranks No. 1 among all the neighborhoods in Jacksonville.

Buy in November for a better price

The window between late fall and early winter is the best time for buyers on a budget. Keep in mind, fewer homes are for sale in the cold winter months and around the busy holiday season, so the selection of for-sale homes will be limited.

Is it a Good Time to Buy or Sell in Florida? The Florida real estate market continues to appreciate; therefore, even with higher mortgage rates, buying now could prove to be a worthwhile investment. The median sale price is predicted to continue rising between the strong demand and low inventory.

Jacksonville Housing Market Trends

In June 2024, Jacksonville home prices were up 2.6% compared to last year, selling for a median price of $310K. On average, homes in Jacksonville sell after 53 days on the market compared to 37 days last year. There were 1,196 homes sold in June this year, down from 1,390 last year.

Average Home Prices: The median home price in Florida is $419,200. But, it is expected to decrease due to a rise in inventory in the latter half of 2024. The sale-to-list price ratio is 96.90%, dropping by 0.53 pt YoY.

Jacksonville is expected to add more than 800,000 new residents over the next 10 years as well as more than double the metro population over 25 years. As Jacksonville's population grows, the city's job market is growing as well – an attractive point for real estate investors.

Florida is bucking the national trend. The Sunshine State's four most populous metro areas are seeing rent prices decline. Jacksonville's median asking rent fell 12.4% year over year in June—the metro's biggest drop in records dating back to 2019.

Jacksonville ranked as the sixth most popular big city for people to move to in the U.S. for the first quarter of 2024, according to a new report from moveBuddha.com. Miami is no longer in the top 10 of large cities for people to move to.