Top Medium Teams in Jacksonville, Florida – Ranked by Sides

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2023 Jacksonville, Florida Housing Market Summary

Jacksonville, Florida started 2023 with a total of 2,209 single-family homes on the market, with a median home price of $329,900 and an average price per square foot of $201. By the end of the year, inventory had increased to 2,364 homes on the market (+7%), with a median home price of $335,000 (+1%) and an average price per square foot of $201 (+0%).

At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had decreased to 63 days.

Jacksonville started the year with 54% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 47% of Jacksonville homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Jacksonville started 2023 as a seller’s market, with an MAI score of 39; by the end of the year, the MAI had dropped to 19 – a buyer’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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