Sell Your Home in Jacksonville, FL

If recent statistics are any indication, Jacksonville, Florida’s housing market is quickly becoming one of the hottest in the country. While other cities have seen a drop in their housing sales—both in quantity and average price—Jacksonville’s housing market has exhibited tremendous growth from February 2016 to February 2017. Accordingly, there’s never been a better time to become an investor and get cash for houses than today, in Florida’s largest city!

However, simply encouraging potential investors, residents, and sellers to check out Jacksonville’s housing market isn’t enough—it doesn’t do the city’s impressive and upward-trending business landscape justice. To fully illustrate just how remarkable Jacksonville’s housing sector is, let’s take a look at some of its most impressive statistics from February 2016 to February 2017!

Median Sales Price: Up

Jacksonville’s median home sales price increased dramatically from February 2016 to February 2017. In February 2016, the median sales price for a Jacksonville home was $160,000, while in February 2017 this median amount jumped to $193,000—an increase of 20.6 percent (Source: Northeast Florida Association of Realtors)

As anyone who’s sold a house can attest to, receiving “asking price” is both difficult and unlikely. Typically, potential buyers submit offers they feel are fair for a home, with respect to the seller’s initial asking price. The seller then reviews these offers to determine if any of them are suitable.

Jacksonville houses sold in February 2017 have shown an impressive increase in the percent of original list price received from houses sold in February 2016. In 2016, sellers received an average of 93.5 percent of their asking prices, while 2017 sellers received 94.5 percent of their asking prices—an increase of 1.1 percent (Source: Northeast Florida Association of Realtors).

While 1.1 percent may appear small, it’s important to remember that in the context of homes, this percentage can amount to thousands upon thousands of extra dollars for the seller. Therefore, this impressive statistic is yet another example of how exactly Jacksonville’s housing market is excelling.

Jacksonville’s average home sales price skyrocketed between February 2016 and February 2017; this is perhaps the most telling and significant example of the city’s housing sector boost. In February 2016, the average price of a sold home in Jacksonville, Florida was $202,873, and in February 2017, the average price of a sold home in Jacksonville was $230,411—an increase of 13.6 percent (Source: Northeast Florida Association of Realtors).

To reiterate, this means that on average, selling a home in Jacksonville became over 13 percent more valuable in just one year! When considering this sales bonus in coordination with the inherently sizable prices of homes, this percentage’s true importance is made clear. It’s as if individuals who decided to receive cash for houses in Jacksonville this year also benefited from a massive pay increase—all for making a move at the right time.

All of these benefits—all of these incredible byproducts of Jacksonville’s thriving housing industry—can also be enjoyed in less time than those of the prior year. The average number of days a home was listed on the market before selling fell from 89 in February 2016 to 84 in February 2017 (Source: Northeast Florida Association of Realtors). This means that sellers are spending less time finding buyers.

The bottom line is that the time is now to cash in on Jacksonville’s housing industry. Sellers are making lots of fast cash, buyers are able to choose from a wide variety of top-quality real estate, and investors—well, it’s not hard to see how investors are benefiting from the rising economic sector. The best part of this uptick in virtually every aspect of the market is that it’s entirely backed by reliable data and statistics.

To recap this data, the median sales price of houses in Jacksonville increased over 20 percent, as did the percentage of the asking price received (an increase of 1.1 percent), and the average house sales price (an increase of over 13 percent), between February 2016 and February 2017 (Source: Northeast Florida Association of Realtors). To be sure, the only thing that went down in this same period was the average amount of time it takes to sell a home!