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 looks steady on headline price but softer beneath the surface. October’s numbers show a market that’s not crashing but is clearly cooling: fewer contracts, longer marketing times, and smaller margins for Sellers.

The Median Sales Price for October 2025 was $359,500, which is down 2.3% year-over-year and down 0.6% from last month. That tells us that overall price pressure is modestly negative on both a yearly and monthly basis.

The Absorption Rate (also known as Months of Inventory) is at 4.9 months, which is a slight YoY decline (-1.4%). The market remains closer to seller-leaning than fully neutral, but in practical terms, it points toward more balance.

Active Inventory stands at 9,676 homes. This is a small decline (-0.5% YoY) and a slight month uptick (+0.7% MoM). Inventory is not exploding, but it’s not tightening either. Buyers have a bit more choice than earlier in the year.

As the fall market and seasonality are now in full swing, the Median Days on Market is at 49 days, an increase of 11 days from just 5 months ago. 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.

The dramatic drop in pending sales is the clearest near-term signal. Buyers are pausing, which will weigh on future closings. At the same time, median price and absorption levels aren’t signaling a sharp downturn; instead, they point to a slow-motion rebalancing where pricing adjusts gradually, and sellers must be realistic about timing and marketing.

Key backdrops 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 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 price in most cases, but runaway bidding wars are much less common than a year ago.

For Buyers, this is a better negotiating environment than a year ago. Fewer over-list sales and longer marketing times mean more leverage. If you’re financially ready, a well-priced purchase now with the option to refinance later is a reasonable strategy and could result in a better deal rather than waiting for demand (and thus competition) to return in full force to the market.

For Sellers, price competitively, show better than the competition, and be realistic on timelines. Homes properly positioned will still sell near list; anything overpriced will likely sit longer.

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.