Clay County Fl Real Estate Market Update March 2025

This report shows you what’s going on with single family homes in Middleburg, Orange Park, Green Cove Springs and Fleming Island.

If you scroll down to the chart you will see that the median sales price in Clay County went up this March compared to March 2024. Just when you thought prices were coming down, this happens. Alas, it is a roller coaster ride, then settles into a particular pattern for awhile. Over 300 more homes were on the market, but still seeing a weaker seller’s market.

Here’s a super awesome event happening in Clay County…..ground breaking for the new Animal shelter!!! Finally! The current shelter has flooded and it’s out farther away. The new building should be bigger and is in partnership with the County, Chewy Health, and Lincoln Memorial University. No, that Chey has nothing to do with the Wookie.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 377,495 and the other half were less than 377,495.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.17 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:

Buyers’ Market: More than 7 months of Inventory

Balanced Market: From 5-7 months of Inventory

Sellers’ Market: Less than 5 months of inventory

Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.

Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.

Clay County Fl Real Estate Market Update February 2025

This report is for single family homes in Middleburg, Green Cove Springs, Fleming Island and Orange Park Florida.

The months inventory has almost doubled, from 3.95 months last year in February to 5.87 months this year. Still, not a crashing market, just more homes on the market. Yes, we sold less homes this February as well. The median sales price in Clay County, was just a tad more this year. The market is continuing to soften.

OK, so this isn’t really Clay County only related, but it is real estate related. You may have heard that Governor DeSantis has proposed eliminating property tax in Florida. That’s what you pay on your home that goes to the county you live in. Say what? You didn’t hear about that? Check out this article that talks about it. It’s a quick read. Do you know how hard it was to find an article that wasn’t bias either way? It took me a bit.

Anyway, I have mixed feelings about this one. I absolutely hate paying property taxes and that I’ll never own my house outright. If you don’t pay it, someone else can take over your tax lien, charge you extra interest or eventually, you could be foreclosed on. I also hate that it is always changing. Yes, if you’re a homeowner that lives in your home, there is the 3% cap, but the first year that you own your home you get to enjoy the previous owners homestead, but once it is reassessed, it’s based on what you pay, and that can be a significant jump if the previous owner‘s taxes were way lower, because they owned it longer. Mine almost tripled.

Now, the other part of me understands that we need certain services and we need to pay for those services. I also realize that if property tax was to be completely eliminated, which sounds real good, where is that money gonna come from? More than likely it’s gonna be a higher sales tax, which also sounds great in theory, but then that can also hurt individuals whose income is lower. So while I believe in small government, and not have to pay property taxes. I do see the value. I just wish that maybe it could be something that is a flat fee that never goes up.

Here’s another article that talks about Governor DeSantis, softening his stance some.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 352,900 and the other half were less than 352,900.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 5.87 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:

Buyers’ Market: More than 7 months of Inventory

Balanced Market: From 5-7 months of Inventory

Sellers’ Market: Less than 5 months of inventory

Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.

Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.

Clay County Real Estate Market Report January 2025

This report covers single family homes in Green Cove Springs, Orange Park, Fleming Island and Middleburg Florida.

Let’s dive in! I’m gonna have you check out the months inventory, which is 6.37 months and what that means is the current inventory it would take almost 6 1/2 months to sell if no other house came on the market before they also. So that’s how we determine what type of market we’re in, and it does vary, this one is leaning towards a balance market, but it’s leaning towards a buyers market. I believe the tide is starting to turn, I’ve seen the market fluctuate each month, but inventory levels are still going up and we are experiencing less sales.

I know you probably get tired of me mentioning Mortgage daily news, but that’s where you get your local interest rates and also they give really good commentary. Explain how mortgage rates are fluctuating and how they are manipulated by certain aspects like the 10 year treasury bond.

So for local news this month I’m gonna talk about road construction, because there’s a lot of of it going on in the lake Asbury area. And it’s gonna make life a little difficult for the next 16 months or so, once it’s done, it should be pretty awesome. You know growing pains they hurt for a while and then eventually once it’s done it goes away. The locals are furious and I understand why, because every way out of Lake Asbury is going to see roadwork or has seen some roadwork and let’s be honest, it affects your quality of life.

If you would like to check out these road closures, you can visit Clay County road and lane closure for the details.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 351,100 and the other half were less than 351,100.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 6.37 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:

Buyers’ Market: More than 7 months of Inventory

Balanced Market: From 5-7 months of Inventory

Sellers’ Market: Less than 5 months of inventory

Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.

Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.