St Johns County Real Estate Market Report January 2025
Includes single family homes in St Johns, St Augustine, Nocatee, Ponta Vedra, Fruit Cove, Orangedale, Switzerland and Julington Creek.
We’re seeing the same trend in St. John’s County as we are in Jacksonville and Clay County, where the months inventory is up in the sixes, which means six months worth of inventory. It would take 6 monthd for it to sell as long if nothing else came on the market. So folks that is a balanced market, but the more we get closer to seven months, we start to see ourselves leaning towards a buyers market. It seems like The markets have been going up and down last year, so maybe the tide is turning for the buyers.
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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 530,675 and the other half were less than 530,6750.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 6.13 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.
