St Johns County Fl Real Estate Update June 2024

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

We see a median sales price increase of 25k in St Johns Countythis month compared to June of last year. That’s a big difference. Even with higher inventory levels, we are experiencing a seller’s market.

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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 580,000 and the other half were less than 580,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.70 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.