St Johns County Fl Real Estate Update December 2024

This Real Estate Market Report is for single family homes in St Johns, Ponte Vedra, Julington Creek, St Augustine, Fruit Cove, Rivertown and Nocatee.

We saw a decrease in the median sales price in St Johns County for the last month in 2024. Yet, the inventory level, days on the market and list to sales price are neck to neck when comparing to December 2023 and 2024. Lots of new construction happening in St Johns County, with Rivertown and Nocatee neighborhoods leading the pack. Recently the widening of Longleaf Parkway was complete, which makes it super convenient to get from 16 to 9B very quickly. I’ll have to say Duval Asphalt did a great job, it’s like driving on butter. I know, I know weird.

For the latest mortgage rates, check out Mortgage Daily News, where you can read a non bias approach on what is happening in the world of mortgages.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 546,500 and the other half were less than 546,500.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.55 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.