St Johns County Fl Real Estate Market May 2025

Includes single family homes in St Johns, St Augustine, Nocatee, Ponta Vedra, Fruit Cove, Orangedale, Switzerland and Julington Creek.

It’s really hard to compare St Johns County real estate market with Jacksonville and Clay County, due to the difference in price. Much higher prices in St Johns County. St Johns County is experiencing a slower market, I even notice it in the smaller price ranges.

For example, I have one buyer who has her home listed for sale in North Carolina. We have been watching homes for her here, but she has to have her home under contract there, before she can submit one here. She is looking at new builds, so that’s the builder’s rule. There’s currently 4 we are watching and they are under 400k. Not moving much at all. Price reductions have happened on some. The days on the market have increased and we are seeing a negative median sales price.

Is this the beginning of a crash? I don’t think so, just a correction for now.

Check out Mortgage Daily News for the latest mortgage rates. This will be current and not based on the date I wrote this.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 550,000 and the other half were less than 550,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.59 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.