Jacksonville Housing Market

Jacksonville Home Prices and Trends

The latest real-market snapshot for Jacksonville (single-family, condos, townhomes in Duval / Nassau / St. Johns / Clay) shows a market that remains tilted toward sellers but is clearly cooling. A handful of core indicators point to slower activity even as headline prices hold up.

The question is now as the Federal Reserve intends to cut interest rates, will these metrics reverse course as the housing market enters the fall season?

The median sales is up 2.8% year-over-year and essentially flat month-to-month (+0.1%), which tells us prices have stayed resilient even though demand has eased.

In fact, Sellers saw their percent received of list prices (97.3%) remain relatively stable in August 2025. At 97.1%, the percent of list sellers typically receive was nearly unchanged year-over-year (-0.2%) and up slightly month-to-month (+0.2%). This indicates sellers are still getting close to asking prices on the right listings.

Months of inventory (absorption rate) is at 5.1 months, up 16.8% YoY and 7.3% MoM. Five months sits below the conventional 6-month “balanced market” threshold, so it’s still technically a seller’s market, but the direction is toward balance.

However, closed sales were down 9.4% year-over-year and 7.3% from last month. Fewer closings are the clearest sign buyer activity has slowed.

Jacksonville Housing Market Forecast 2026

The forecast for Jacksonville's housing market is largely dependent on the broader economic picture and the Federal Reserve's ability to effectively execute monetary policy in the coming months.

The Federal Reserve sets the Federal Funds Rate; this is the rate that commercial banks borrow and lend their reserves to each other overnight. The Federal Reserve adjusts this rate based on economic readings that show indications of inflation, recession, or other things that can affect sustainable economic growth. Although indirectly, the Federal Funds Rate influences short-term interest rates, including mortgage interest rates, as lenders frequently set their rates based on the prime lending rate - a rate that is also affected by the Federal Funds Rate.

Markets are expecting the Federal Reserve to cut rates by 25 to 50 basis points in September 2025. If and when the Federal Reserve is able to trim rates, housing markets nationally, including Jacksonville, will benefit from the lower rates and likely resume promising growth in the back half of 2025 and into 2026 as buyers who have been on the sidelines may look to re-enter the housing market.

Should I buy a house now or wait until 2026?

These data suggest that Jacksonville’s market is stable on price but softer on activity. Fewer pendings and closed sales, longer days on market, and a drop in over-list transactions mean buyers have more time and leverage — particularly on homes that aren’t top-tier in condition or price. Sellers still see close to list in most cases, but runaway bidding wars are much less common than a year ago.

If mortgage rates fall meaningfully, demand could bounce quickly; absent that, expect a patient market where presentation, accurate pricing, and realistic timelines matter for sellers, and where buyers can be choosier without losing the deal to multiple offers.

Bottom line, for Buyers, fewer over-list sales and longer marketing times give negotiating room. If you find a well-priced, well-inspected home at current rates, it can make sense to move — especially if you can refinance later if rates drop.

For Sellers, price competitively and invest in presentation. Homes priced right still sell quickly and near list, but unrealistic pricing will see longer market times.

Jacksonville Housing Market Data

Northeast Florida Housing Market Trends

Data Source: Northeast Florida Association of Realtors.

ABOUT THE AUTHOR:

Rob Hastings is a top-producing real estate agent in Jacksonville, Florida and helps buyers, sellers, and investors of homes and property throughout all of Northeast Florida. He works with his wife Nancy as a husband-and wife-team with Keller Williams Realty Atlantic Partners. When not helping his clients navigate the real estate process, Rob enjoys working on old Corvettes and playing music (guitar and piano). A U.S. Naval Academy graduate and former Naval Officer, he also loves boating and simply spending time on the water.