Jacksonville, FL home prices and housing market

Jacksonville home values have barely moved in a year, and nearly a quarter of listings just cut their price. If you are thinking about selling here, that combination tells you exactly how this market treats an ambitious asking price. The typical Jacksonville home is worth about two hundred ninety-two thousand dollars, up just a tenth of a percent over the past twelve months. That is a flat market. Meanwhile there are about three thousand six hundred homes for sale and roughly one thousand five hundred new listings hitting the market this month, so buyers have plenty to compare you against. Homes that do sell are taking about fifty-nine days to go under contract, roughly two months of waiting. But here is the number that explains the price cuts. The median asking price is about three hundred twenty thousand dollars, well above where typical values actually sit. Sellers are aiming high, sitting, and then cutting, and about 24 percent of active listings have already done it. So if you list in Jacksonville this fall, price at the market from day one, not above it. A realistic price sells in about two months, while an optimistic one sits and gives back the difference anyway. To see what your home is worth right now, get a free estimate at Home Value Pros dot com.