Morning light over the St. Johns River mingles with salty Atlantic breezes, and the range of homes in Jacksonville mirrors that mix of riverfront serenity and coastal energy. From historic bungalows shaded by live oaks to sleek new builds in master-planned enclaves, each listing paints a new brushstroke on a market that shifts with every season.
Tracking those shifts in prices, inventory, and buyer tempo offers a clear window into where opportunity is opening up right now.
What is the Current State of the Jacksonville Real Estate Market?
Spend an afternoon cruising from old brick bungalows in Murray Hill to the manicured cul-de-sacs near Nocatee, and you can feel how the market has eased off the throttle. Gone are the pandemic bidding frenzies when anything with a roof sold in days.
Year to date through late summer 2025, Jacksonville sits in the middle ground: prices have leveled, listings linger longer, and buyers finally have room to negotiate without sprinting to the closing table.
Average List Price
Sellers asked a citywide median of about $296,900 at the end of August 2025. That blends everything from riverfront cottages that need love to turnkey townhomes in master-planned enclaves, so neighborhood swings still matter.
Average Sales Price
Homes closed around a $302,000 median in August 2025. Single-family properties in Duval County landed a touch higher, while condos and smaller footprints kept the overall number from drifting too far north.
Number of Homes Listed
For-sale inventory reached roughly 5,876 properties across Jacksonville on August 31, 2025, the highest count in several years. Within those numbers, Duval County alone carried 4,243 active listings in July, equal to about a four-and-a-half-month supply. A healthier months-of-supply reading means fewer midnight offers and more time for inspections.
Number of Homes Sold
Closed sales cooled with the weather. Duval County logged 947 transactions in July 2025, down from the breakneck pace of 2022 but still enough to keep the market moving. Monthly city totals have hovered just under the thousand-sale mark all summer.
Average Days on Market
Median time to pending reached 49 days in August, while Duval’s official “days on market” reading sat at 38 in July. Two weekends of showings is now the norm, not two hours.
Price Drops
Roughly one quarter of active listings trimmed their asking price during July and August 2025. About 64% of July sales ultimately closed below list, a signal that realistic pricing wins the day.
How Have Home Values Changed in Jacksonville?
Step back and imagine Jacksonville’s skyline a decade ago, before the sleek glass towers dotted Brooklyn and new town centers sprouted near St. Johns County. Home values trace that visual shift.
That arc tells a story of steady in-migration, new-build momentum, and neighborhood reinvestment that kept values climbing through market cycles, even if today’s pace feels more like a jog than the sprint of 2021.
One-Year Change
By August 2025, the typical Jacksonville home sold for about $302,000, nearly identical to August 2024’s median of $302,000. That flat line shows the market taking a breather, with prices holding steady instead of racing upward.
Three-Year Change
In 2022, the median hovered near $242,000. Three years later, it’s about $60,000 higher, a 25% jump. Buyers who stepped in during that period have seen significant equity growth, much of it fueled by pandemic-era migration and bidding wars.
Five-Year Change
Back in 2020, the average home closed around $200,000. Fast-forward to 2025, and that figure has climbed to $302,000, a rise of more than 50%. It reflects both the low-rate boom of 2020 and the steady influx of new residents that tightened supply.
Ten-Year Change
In 2014, the median home price was roughly $153,000. Today’s $302,000 reading marks a near doubling in value over a decade. That long arc captures how Jacksonville’s job growth, port expansion, and steady relocation flows have reshaped the city’s housing market.
What is the Current State of the Rental Market?
Take a Saturday drive down Bay Street and you’ll spot cranes at work beside the Jumbo Shrimp stadium, while farther south, fresh apartment blocks line Gate Parkway. All that building has changed the math for renters in 2025. Typical monthly rents now sit in the mid-$1,500s to low-$1,700s, a notch below the pandemic high watermark.
With more keys available, renters can compare floor plans instead of racing to sign. New complexes near Town Center and on the Southside have nudged vacancy rates up, keeping price hikes in check. Single-family rentals still draw steady interest from households wanting a yard, though returns for landlords are slimmer than they were in the boom years.
Overall, the market feels calmer than it has in a while, giving tenants and landlords a bit more breathing room during lease negotiations.
What Are the Expert Predictions for the Jacksonville Housing Market?
Analysts see Jacksonville’s market holding steady through the end of 2025. Prices are expected to stay close to the current $302,000 median, with small dips possible as inventory remains higher than in the frenzy years.
Six months out, mortgage rates will steer the outlook. If rates stay near the mid-6 percent range, sales should stay steady but muted. A drop into the 5s could spark more buyer activity by spring, especially in popular areas like Riverside and St. Johns County.
Over the next year, most experts call for a calmer pace: no major swings, more normal negotiations, and a market that feels balanced rather than tilted toward buyers or sellers.
What Factors Are Driving the Jacksonville Housing Market?
Talk to anyone stuck in Beach Boulevard traffic, and they’ll tell you: more people are moving here every month. A growing port, two major hospital networks, and the bases along the river keep paychecks coming in, so even with unemployment nudging higher during 2025, the city still feels busy. Families arriving from colder states add another layer of demand as they hunt for yards and sunshine.
Builders are answering that call. Fresh townhome rows line Gate Parkway, and new apartment towers rise near the stadium, giving buyers and renters a wider menu of options. With more roofs to choose from, bidding wars have cooled, and prices are inching along instead of sprinting.
How Will Mortgage Rates Impact Jacksonville Buyers?
Mortgage rates averaged near the mid-6 percent range in late September 2025 (30-year fixed ≈ 6.3% per Freddie Mac, Sept. 25, 2025).
Higher rates reduce purchasing power and can subtract several hundred dollars from what a buyer qualifies to buy. Lower rates would expand affordability and could lift buyer activity.
Over 3–12 months, forecasts hinge on broader monetary policy and Treasury yields, but the current consensus is for modest rate volatility rather than a dramatic collapse, which keeps affordability constrained for many buyers.
Is it a Buyer or Seller’s Market in Jacksonville?
Right now, Jacksonville feels fairly balanced. Inventory has climbed, days on market run longer, and price cuts are common, so buyers have more room to negotiate than they did a few years ago. Still, a well-priced house in a popular zip code can draw offers within days, especially if the photos and staging hit the mark.
Sellers who study fresh comps and launch with a clean, show-ready home tend to capture the best interest. Buyers who walk in with financing lined up and a clear idea of neighborhood pricing can move quickly when the right listing appears. No one side holds all the cards, but both can win with realistic expectations and solid prep.
FAQs About the Jacksonville, FL Real Estate Market
What neighborhoods in Jacksonville are moving fastest this year?
Neighborhood velocity varies. Southside, certain pockets of Riverside/Avondale, and newer build communities near St. Johns County saw the most consistent activity in mid-2025, but the pace depends heavily on price band and product type.
Are schools affecting home prices in Duval County?
School districts are an element buyers watch, but they are one of many variables that influence home prices. Listing demand near well-rated schools historically supports steady pricing, though overall market trends and inventory shifts are equally important.
Is new construction changing supply in Jacksonville?
Yes. Builder activity increased supply in several corridors, which has been a notable part of the inventory rise and the softening of rapid price growth seen earlier in the decade.
Should a buyer try to time the market in Jacksonville?
Timing is difficult. Buyers who need to live in a home should balance rate and price conditions with personal readiness; short windows of higher inventory can improve negotiating power when they appear.