Duval County Home Listings Saw Price Drops in November
In November, Duval County’s median home price fell slightly, reflecting a trend of lower listings compared to previous months and last year.
Duval County, Florida, Home Listings, Real Estate, Median Price
Jacksonville: The median home price in Duval County was $313,950 in November. That’s a tiny dip of 0.3% from October’s $315,000. If you look back to last year, it’s down 4.3% from $328,000.
These numbers only cover homes that are currently for sale, not those that have already sold. If you want to check out more local housing info, you can find it at data.jacksonville.com.
On average, homes in Duval County are about 1,569 square feet, priced at $195 per square foot. That’s a 1.9% drop from last November.
Homes are taking a bit longer to sell, with a median of 66 days on the market. That’s a little longer than the national average of 62 days. In November, there were 1,416 new listings, which is a 5.4% increase from 1,344 last year.
Keep in mind that the median prices from Realtor.com might not include all homes in the area. They focus on single-family homes, condos, and townhomes, leaving out most new builds and pending sales.
Looking at the broader Jacksonville metro area, the median home price is now $394,000, which is slightly lower than last month. These homes average 1,750 square feet and list for $221 per square foot.
In the state of Florida, the median home price is $432,500, which is a slight drop from October. The average Florida home listed has 1,622 square feet and costs $266 per square foot.
Nationwide, the median home price is $416,880, also a slight decrease from the previous month. The average American home for sale is 1,821 square feet, priced at $224 per square foot.
Experts say that the median price gives a clearer picture of the market than the average price, which can be skewed by extreme values. It’s all about finding that middle ground.
This article was generated by the USA TODAY Network using data from Realtor.com. Feedback and corrections are welcome. Written by Ozge Terzioglu.
This originally appeared in the Florida Times-Union: Duval County, FL home listings asked for less money in November.