Clay County Fl Real Estate Report March 2024

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

We are looking at 96 days on the market which means from list date to under contract. A slight increase in the median sales price for Clay County Florida this March, compared to March from last year. Still, less homes on the market, but also less homes sold in Clay County. We are still in a seller’s market, which is disappointing for buyers wanting to buy a home.

I know you’re wondering what the mortgage rates are and I highly recommend you check out Mortgage Daily News for the rates, plus the great information they give in easy to digest bites.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 346,490 and the other half were less than 346,490.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.87 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.