Jacksonville Housing Market Update (March 2026): Prices Up, Inventory Down—But Is It Really a Seller’s Market?
This report is single family homes in Jacksonville Florida.
I have begun using the average cumulative days on the market, which means that if a listing was listed and expired, the days on the market would be pulled from the other listing time and added to the current one. Within reason of course. Can’t be 5 years ago. The median sales price in Jacksonville went up almost by 3% and the inventory levels went down from last year. Based on those numbers, this is a seller’s market, but it doesn’t feel like it. The list price to sales price shows that for last year and this year in March seller’s reduced their original list price by around 6% both times. Easy math!
The latest mortgage rates can be found at Mortgage Daily News. So when you see them they are in real time and do not reflect the March 2026 timeline. Just to give you a rough idea on payment, if the median sales price is $323,724, with 10% down and a rate of 6.44%, you are looking at a payment around $1,626 per month. This payment is just principal and interest, without taxes and insurance. Conventional loan.
What This Means If You’re Buying Right Now
Buyers are starting to get a little more breathing room this year, even tho last year there were more homes on the market. With slightly more inventory and homes taking longer to sell, you may have more negotiating power—especially if a home has been sitting. That said, well-priced homes are still moving quickly, so strategy matters more than ever. Even though the numbers show a seller’s market, there is more opportunities for buyers. If you want to know what you can actually get in today’s market, I can break that down for you, just message me:
What This Means If You’re Selling
Sellers can still sell in today’s market, but pricing correctly is critical. We’re seeing homes reduce price by around 6%, which means buyers are negotiating more than they were a year ago. Overpricing right now can cause your home to sit longer than expected. If you’re thinking about selling, I can show you exactly where your home would fall in today’s market. Click:
Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 323,724 and the other half were less than 323,724.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.30 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.
I’m Pam Graham, a Northeast Florida real estate consultant, which includes Jacksonville, Clay & St John’s Counties. I break down the market in layman’s terms so you can make smart decisions—whether you’re buying, selling, or just keeping an eye on what’s happening.
Call/Text 904-910-3516
Email: pam@pamgraham.com
