Jacksonville Housing Market

Jacksonville Home Prices and Trends

The latest analysis for Jacksonville's housing market of single-family homes, condos, and townhomes in Duval, Nassau, St. Johns, and Clay counties shows a market that still isn’t crashing on price, but activity and urgency have clearly softened.

The Median Sales Price for October 2025 was $359,495, which is essentially flat from last month. This indicates that prices are holding relatively steady, but the annual decline signals softer pricing pressure overall.

The Absorption Rate (also known as Months of Inventory) is at 5.3 months, which is a slight year-over-year decline (-1.3%) but up nearly 16% month-over-month. The market is still technically a seller's market, but in practical terms, it points toward more balance.

Active Inventory stands at 8,920 homes. This is a decline of almost 5% month-over-month. What's interesting here is that this is likely due to Sellers taking their homes off the market as they have not been able to receive the list prices they were shooting for. Seasonality is also likely at play.

As the fall market and seasonality are now in full swing, the Median Days on Market is at 48 days, an increase of 9% year-over-year. Homes are taking noticeably longer to sell due to seasonality and the current state of the market.

Jacksonville Housing Market Forecast 2026

Jacksonville has transitioned from a late-cycle seller’s market into a more measured, balanced market.

November’s numbers paint a picture of a market that has eased from earlier 2025 intensity. Home prices have remained relatively stable, but declines in closed and pending sales show that buyers are more reluctant, buyer urgency is lower, and fewer contracts are being written. The sharp drop in pending sales — nearly a third lower than both last year and last month — is the most glaring sign that buyer activity has slowed.

Key backdrops for 2026 include the Federal Reserve, inflation, mortgage rate direction, and buyer confidence in order to determine whether this rebalancing continues gently or accelerates.

If rates ease, buyer activity could recover; if not, expect continued softening in offers and more negotiation room for buyers.

Should I buy or sell a house now or wait until 2026?

For Buyers, with pending sales declining sharply and fewer bidding wars than a year ago, buyers have more negotiating room and time to evaluate homes. If you’re ready to buy and find a home that fits your criteria at a reasonable price, this period — with slightly softer demand — could be very favorable.

For Sellers, the market is not in a frenzy, but it's not dead either. Well-priced and well-presented homes are still selling. Overpricing or expecting multiple offers will likely lead to longer days on market. Realistic pricing, strong staging, and strategic marketing are key to getting ahead in this slower segment of the cycle.

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.