St Johns County Fl Real Estate Update March 2024

Single family homes in St Johns, St Augustine, Ponte Vedra, Nocatee, Julington Creek, Switzerland, and Orangedale

The median sales price in St Johns County was higher last year in March then it was this year. By about 13k give or take. Inventory levels went up, along with the amount of homes sold this March. We are still seeing a seller’s market with under 4 months of inventory. If you scroll below the chart you will see what that means exactly.

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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 544,800 and the other half were less than 544,800.

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.