St Johns County Florida Real Estate Market February 2024
Single family homes in St Augustine, St Johns, Fruit Cove, Julington Creek, Ponte Vedra and Nocotee Florida.
The median sales price came down in February, compared to the same month last year. By 15k! Inventory levels rose along with the number of homes sold, so we are still seeing a seller’s market at 4 months inventory. If you scroll all the way below the chart you will see how a market is determined to be a seller’s, buyer’s or in between.
Search for homes in St Johns County, pulled directly from our MLS.
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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 495,000 and the other half were less than 495,000.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.15 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.
