Is Northwest Jacksonville, 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, Northwest Jacksonville was a Seller's Market.
Key Takeaway
Northwest Jacksonville 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 Northwest Jacksonville, FL
How much do homes in Northwest Jacksonville, FL cost?
Median Sold Price
$229,999
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Northwest Jacksonville have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Northwest Jacksonville was $229,999 in May 2024, up 6.9% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $135K | +8.0% |
| 2 Bedrooms | $152.8K | $170K | +11.3% |
| 3 Bedrooms | $205.2K | $214.1K | +4.4% |
| 4 Bedrooms | $303.3K | $295.1K | -2.7% |
| 5+ Bedrooms | $340K | $337.5K | -0.7% |
Summary: Northwest Jacksonville 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 11.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Northwest Jacksonville | $215K | $229.9K | +6.9% |
| Magnolia Gardens | $151.9K | $148K | -2.6% |
Housing Supply in Northwest Jacksonville, FL
How many homes are available in Northwest Jacksonville, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 980 | 1,039 | +6.0% |
Summary: The Northwest Jacksonville real estate market had 1,039 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 | 10 | 10 | 0.0% |
| 2 Bedrooms | 125 | 149 | +19.2% |
| 3 Bedrooms | 538 | 562 | +4.5% |
| 4 Bedrooms | 262 | 266 | +1.5% |
| 5+ Bedrooms | 45 | 52 | +15.6% |
Summary: The Northwest 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 19.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 15.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 176 | 173 | -1.7% |
Asking Price vs. Sold Price
100 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Jacksonville, you may be able to get a good deal. 57.8% of homes here sold below asking price last month.
Summary: A total of 173 homes were sold or pending in Northwest Jacksonville in May 2024, down by 1.7% month-over-month. Of the 173 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.
Days on Market for Northwest Jacksonville, FL
How long does it take to sell a home in Northwest Jacksonville, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 58 Days | +7.4% |
Summary: Homes in Northwest Jacksonville had an average of 58 days on market in May 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Jacksonville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 173 homes were sold in Northwest Jacksonville; 45% of homes were sold within 30 days, 35% 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.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.