St Johns County Florida Real Estate Market January 2024
Single family homes in St Johns, St Augustine, Ponte Vedra, Julington Creek, Nocatee and Fruit Cove.
Starting of 2024 we see the median sales price in St Johns County negative 3.11% compared to January 2023. Inventory levels are higher and a little more homes sold, which shows us in a more balanced market. So it’s not really a seller’s or buyer’s market, at least not in January 2024. That could change as we move towards the spring.
Buyers search for homes in St Johns County. Directly pulled from the MLS:
Search For Homes in St Johns County Florida
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Month’s Inventory: Based on the number of actives and homes that have sold it would take 5.34 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:
Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 364,990 and the other half were less than 523,080.
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.
