Are Jacksonville homes overpriced?

Of the 100 biggest U.S. housing markets, Jacksonville comes in as the 25th most overvalued . The Top 5 most overvalued markets, according to research, are Atlanta, Detroit, Cape Coral, Tampa and Las Vegas, respectively.

Is Jacksonville FL good for real estate investment?

Jacksonville is a great city for real estate investing because of the combination of low home prices, high rental rates, and high property appreciation.

Is now a good time to buy a house in Jacksonville Florida?

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.

Will home prices drop in Jacksonville Florida?

Looking ahead, Realtor.com predicts that home prices in the Jacksonville metro area will reduce by 0.5% year-over-year in 2024 , while year-over-year home sales will decline by 5.8%. This suggests that the market may continue to experience slow sales.

What is the richest part of Jacksonville, FL?

Isle of Palms With a median home price of $1,149,691 and a median rent of $1,534, Isle of Palms is the most expensive neighborhood on our list. Based on the growth in home prices in Isle of Palms over the last 3 years, it ranks No. 1 among all the neighborhoods in Jacksonville.

What is the hottest real estate market in Florida?

Orlando and Tampa are poised to sizzle in the real estate scene this year, securing spots among the top 10 hottest markets in 2024, according to Zillow's latest report.

Is Jacksonville FL a sellers market?

Is Jacksonville, FL a buyer's or seller's market? Since last year, Jacksonville has remained a Seller's Market.

What's the most overpriced housing market in Florida?

Cape Coral on the state's Gulf Coast was listed as the most overpriced Florida area, ranked third at 38.9%. Other Florida cities on the Top 100 list: Tampa (4th most overvalued), Palm Bay (7th), Lakeland (8th), Orlando (9th), North Port (12th), Deltona (13th) and Jacksonville (25th).

Is Jacksonville an expensive place to live?

Jacksonville's housing expenses are 6% lower than the national average and the utility prices are 5% higher than the national average. Transportation expenses like bus fares and gas prices are 17% lower than the national average. Jacksonville has grocery prices that are 2% lower than the national average.

Will Florida home prices go down?

A Florida Housing Market Crash Is Unlikely In fact, Florida homes might actually increase in cost, which is good news for sellers. NAR even predicted that home values across the U.S. will increase by 2.6% this year. Freddie Mac foretold a smaller increase of just 0.8%.

Why is Florida homes getting so expensive?

Florida's Limited Land Availability One of the main reasons the Florida housing market is so expensive is due to limited land available for development, particularly in urban areas. This means that there is less space for new houses to be built, which drives up the price of existing houses.

32224 Real Estate - 32224 Homes For Sale

255 results

2768 STONEHEDGE Court S, Jacksonville, FL 32224
$525,000
3 bds
2 ba
1,847 sqft

- House for sale
17 hours ago
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12343 HUNTERS HAVEN Lane, Jacksonville, FL 32224
$405,000
3 bds
2 ba
1,651 sqft

- House for sale
Open: Sat. 11am-1pm
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4520 ROCKY RIVER Road W, Jacksonville, FL 32224
$450,000
3 bds
2 ba
1,888 sqft

- House for sale
Open: Sat. 12-3pm
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Homes for Sale in Jacksonville, FL with Newest Listings | realtor.com®
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12824 QUINCY BAY Drive, Jacksonville, FL 32224
$495,000
4 bds
2 ba
2,115 sqft

- House for sale
Open: Sat. 1-3pm
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13810 SUTTON PARK Drive N UNIT 711, Jacksonville, FL 32224
$199,900
2 bds
2 ba
1,138 sqft

- Condo for sale
1 day on Zillow
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13527 MONTECITO Place, Jacksonville, FL 32224
$519,000
3 bds
3 ba
2,075 sqft

- Townhouse for sale
Open: Sat. 12-2pm
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2187 SOUND OVERLOOK Drive W, Jacksonville, FL 32224
$620,000
4 bds
3 ba
2,265 sqft

- House for sale
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2958 SAN PABLO Road, Jacksonville, FL 32224
$449,000
4 bds
2 ba
1,760 sqft

- House for sale
14 days on Zillow
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13703 RICHMOND PARK Drive N UNIT 2205, Jacksonville, FL 32224
$245,000
2 bds
2 ba
1,229 sqft

- Condo for sale
14 days on Zillow
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by realMLS.The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in data share agreements or reciprocal agreements.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Information is deemed reliable but not guaranteed.© 2024 St Augustine & St. Johns County Board of REALTORS®. All rights reserved.The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Information is deemed reliable but not guaranteed.The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

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Jacksonville Homes for Sale$302,141
Saint Augustine Homes for Sale$456,198
Orange Park Homes for Sale$326,261
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Middleburg Homes for Sale$337,334
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Sandalwood Homes for Sale$352,621
Beach Haven Homes for Sale$485,764
Golden Glades - The Woods Homes for Sale$475,990
East Arlington Homes for Sale$396,673
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Baymeadows Homes for Sale$244,232
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Girvin Homes for Sale$464,074
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Atlantic Boulevard Estates Homes for Sale$274,196
Isle of Palms Homes for Sale$762,125
Holiday Harbors Homes for Sale$546,992
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Beachwood Homes for Sale$303,113
Park Ridge Homes for Sale$211,534
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Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. Learn more

32224 Real Estate - 32224 Homes For Sale | Zillow (2024)

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