Jacksonville Fl Real Estate Market Update February 2025

Single family homes in Jacksonville Florida

Here’s another market report for Jacksonville. There’s a couple of note worthy stats I want to point out. The inventory level is almost 1k more homes this year on the market than last year in February. Almost 100 less homes sold in February 2025.

The median sales price in Jacksonville was down 20k this February!!! Yikes!

Go check out Mortgage Daily News for the latest mortgage rates. When I write these reports they are always written in arrears, so that’s why I don’t talk about what the actual rates are, because they would be current day.

In local news, The Army Corp of Engineers was about to be terminated in Jacksonville, but the termination has been terminated. The lease for the building actually doesn’t expire until 2027, so perhaps that’s why it was terminated. You can read all about that at How Are Federal Cuts Affecting Jacksonville?

Click Here For a Free Buyer’s Guide

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 320,000 and the other half were less than 320,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 5.22 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.