Jacksonville Housing Market Update (March 2026): Prices Up, Inventory Down—But Is It Really a Seller’s Market?

Sunset waterfront scene in Jacksonville, Florida with boats on calm water, trees with hanging moss, and shoreline vegetation in the foreground. Overlaid text reads “Jacksonville FL Real Estate Market Update.”

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.

Table comparing Jacksonville housing market data for 2026 and 2025. In 2026, the median sales price is $323,724, up 2.77% from $315,000 in 2025. Months of inventory is 3.30 in 2026 compared to 3.59 in 2025, with 3,029 active listings and 919 sales versus 3,574 listings and 995 sales the year prior. Average days on market increased to 74 days in 2026 from 61 days in 2025. The original list price to sales price ratio is 94.5% in 2026 compared to 94.8% in 2025, showing homes are selling slightly below asking price in both years.

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