It Feels Like A Buyer’s Market in Jacksonville Fl July 2025

This real estate market report is for single family homes in Jacksonville Florida.

Recently in a real estate group that I’m in, agents were talking about other metrics to use to determine if we are in a sellers, buyers or balance market, besides using the normal months inventory. Many agents talked about their feelings. That it doesn’t feel like we’re in a sellers or balance market. Instead it feels like we’re in a buyers market. Well feelings don’t matter just because you feel a certain way. If the stats are saying otherwise your feelings are irrelevant. I know that sounds mean, but think about it….. at one point in like 2020 through halfway of 2022 houses were flying off the shelf at record speed. It was craziness. Now, it’s not like that anymore, so of course it feels like it’s worse, it’s a buyers market or a bad market, because houses are not flying off the shelves anymore. That doesn’t mean we ignore the stats and go with our feelings. The fact of the matter is…….we are not in a buyers market in Jacksonville.

Look at the chart below and look at the explanations below that. Based on months inventory we are still seeing a seller’s market. A weak one, closer to a balanced one. Houses are setting on the market longer before they go under contract. The median sales price in Jacksonville is down almost 3% over last year in July. Those are all signs of a changing market. Sellers are having to market their homes longer and better. Can’t get over asking price. Buyers have more to choose from and have more than 5 minutes to make a decision on a house.

Buyers, click the link below if you’re wanting to see what homes look like in Jacksonville at the current moment.

Sellers, I didn’t forget you. Are you curious what you can sell your home in today’s market?

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 322,000 and the other half were less than 322,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.23 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.