Jacksonville Real Estate Guide
As the largest city in Florida by population and area, Jacksonville is a sunshine state staple. Home to over 900,000 residents, Jacksonville is continuously welcoming new residential and commercial developments, making real estate one of its most defining factors.
Whether you’re looking to buy or sell a home in Jacksonville, it’s crucial to have a professional by your side to help navigate this competitive market. With decades of valuable industry experience, the experts at Mark Spain Real Estate are more than well-equipped to guide you through the Jacksonville housing market. Below, we’ve compiled a comprehensive guide to Jacksonville real estate for potential buyers and sellers of this Floridian metropolis.
Jacksonville Real Estate Guide
Jacksonville Real Estate Overview
If you’re interested in buying or selling a home in Jacksonville, you’ll want to do your research first. Jacksonville real estate can be challenging to navigate because it is such a large, competitive market. So, we recommend evaluating the following market factors before beginning a house hunt or listing a home in Jacksonville:
Median Listing Price
The median listing price in Jacksonville is $399,000 as of August 2023.
Number of Active Listings
The number of active listings in Jacksonville as of August 2023 is 6,131 listings, down 23% from August 2022.
Days on Market
As of August 2023, the average number of days on the market for Jacksonville listings is 56 days, showing a 47% increase from August 2022.
How Much Do Homes in Jacksonville Sell For?
The median sale price for a Jacksonville home is $360,000 as of August 2023. Generally, Jacksonville fosters a decently competitive market, hosting a continuous cycle of new homebuyers from in and out of state. Over 70% of Jacksonville home buyers are current residents seeking a new home within the Jacksonville metropolitan area. The remaining buyers are people from outside metros like Washington, DC, Miami, and Los Angeles.
When Is the Best Time to Buy or Sell a Home in Jacksonville?
Because Jacksonville is constantly growing, there’s never a wrong time to enter the real estate market. Newcomers are always coming and surveying the city’s sizable inventory of listings. However, certain times of year may lean more toward a buyer or seller’s favor.
When buying a home in Jacksonville, your timeline depends on inventory or price. Generally, you’ll find cheaper homes during the winter. However, winter tends to have a much sparser inventory than other seasons. Summer typically yields the most fruitful selection of property listings. During this time, supply and demand will be at an all-time high, meaning that though you’ll have many options, you’ll also have your fair share of buyer competition.
As a seller, you’ll find success during any season in Jacksonville. However, you’ll sell your home at the fastest rate in April, May, and June. During this time, sellers will succeed quicker due to higher buyer demand, better home showings and curb appeal, and more convenient scheduling. Not to mention, they’ll also be able to sell their homes for top dollar.
However, that’s not to say they won’t also make a substantial profit in the colder seasons. Winter and fall sellers will still see a fair share of buyers, as the milder Florida climate won’t deter buyers from searching in the winter. During this time, there will be less seller competition, more serious buyers, and, most importantly, festive home staging opportunities!
How Can I Sell My Home Fast in Jacksonville?
As the largest city in the sunshine state, Jacksonville is no stranger to busy real estate traffic and quick sales. However, that’s not to say selling a Jacksonville home is a complete cakewalk. Like any popular real estate market, Jacksonville homeowners face many obstacles when selling their homes. Whether trying to sell a home in poor condition or struggling to set the right listing price, several factors can get in the way of a quick sale, no matter how fruitful the market is.
Working with an experienced real estate professional like Mark Spain Real Estate is your foolproof way of selling a home fast in Jacksonville. With decades of industry experience, our Jacksonville team offers top-performing selling strategies to expedite your sale. From setting a listing price to optimizing your online listing, we’ll take all the necessary steps toward getting your home off the market.
What Are the Best Neighborhoods in Jacksonville?
Jacksonville is home to some of Florida’s best residential areas and neighboring cities. Whether living off the Atlantic coast or in the heart of the city, you’ll find your own unique oasis in Jacksonville. Read below to learn about some of the top neighborhoods and cities in or near the Jacksonville metropolitan area.
With coastal charm, a vibrant culture, and a united sense of community, downtown Jacksonville truly has everything. Offering residents an urban feel and proximity to the coast, downtown Jacksonville is ideal for those who like an even blend of tropics and city.
Just south of Jacksonville, Orange Park is a Floridian’s dream. Sitting right off the stunning St. John’s River, this waterfront community offers a dense suburban feel to its over 8,000 residents.
Located just south of downtown Jacksonville, Middleburg is one of Florida’s best-kept secrets. Equidistant from the Atlantic coast and the gorgeous St. Johns River, this one-of-a-kind waterfront community is high on home buyers’ radars. Real estate goers will find simple starter homes, cozy bungalows, and spacious residences in Middleburg.
Known as the oldest city in the U.S., Saint Augustine is one of a kind. With a rich history, deluxe cuisine, and waterfront attractions, this Floridian gem has some of the state’s most prime real estate.
Green Cove Springs
Green Cove Springs is a small town off the coast of the St. Johns River. Located just south of Jacksonville, this outdoorsy community encourages residents to be one with nature. Whether boating down the river or lounging in a nearby park, residents in Green Cove Springs are always looking for adventure.
Resonating with its name, Palm Coast is full of stunning Atlantic views. Less than half an hour’s drive from downtown Jacksonville, Palm Coast offers optimal livability and convenience. Residents adore Palm Coast for its luxurious beaches, unique shopping and dining, and safe residential communities.
Sell a Home in Jacksonville with Mark Spain Real Estate
Do you want to buy or sell a home in Jacksonville? The industry professionals at Mark Spain Real Estate are here to help you navigate Jacksonville real estate. With decades of industry experience, our team will help you become an expert in the Jacksonville housing market hassle-free! Check out our Guaranteed Offer Program for the potential to receive a competitive cash offer on your home in only 21 days. Contact our agents today!
Buying A Home, Selling a Home