realestate

Duval County Home Prices Dip in April, Reflecting Market Shifts

Here's a look at Duval County's monthly real estate listings trends last month.

D
uval County's median home list price in April was $308,935, a 6.4% decrease from the same time last year. Homes spent a median of 54 days on the market, slightly longer than the national average of 50 days. The number of new listings rose 7.6% compared to April 2023.

    The median price per square foot in Duval County increased by 3.6% year-over-year. A typical home listed for $308,935 in April, with a size of 1,861 square feet and a price per square foot of $0.29. This is slightly lower than the previous month's list price.

    Compared to April 2023, Duval County saw a significant increase in new listings, with 1,876 homes added to the market. The median home prices reported by Realtor.com may not reflect the entire market, as they exclude many types of properties and sales.

    In the Jacksonville metro area, median home prices rose to $399,995, while Florida's median price was $440,000. Nationally, the median home price increased to $431,250. The median home size varied significantly across regions, ranging from 1,861 square feet in Duval County to 49,045 square feet in Florida.

    Experts recommend using the median list price as a more accurate indicator of market trends than the average list price, which can be skewed by extreme prices.

Duval County home prices decline in April, reflecting market fluctuations locally.