Jacksonville, FL 32208 Real Estate Market Report

ZIP Code: 32208
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Jacksonville, FL (ZIP: 32208) is $150,000, reflecting a market that has decreased 8% since 2022. This decline in sold prices indicates a cooling trend, as buyers are gaining more leverage in negotiations due to elevated inventory levels. The market is currently experiencing longer selling times, with properties averaging 177 days on market, suggesting a shift towards balance after a period of appreciation.

As inventory continues to rise, the market temperature remains neutral, indicating that while there is moderate sales activity, the excess supply relative to sales is contributing to a more stable environment. The median listing price stands at $159,900, which creates a notable gap compared to the median sold price, highlighting potential pricing friction as sellers adjust expectations to align with current market realities.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Jacksonville, FL around 6.000% are slightly lower than the 6.11% average seen just last week, indicating a modest, recent easing of borrowing costs for property owners in this market.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $150,000 indicates a decrease in market value, reflecting a cooling trend.

2. Properties are taking an average of 177 days on market, suggesting slower sales velocity compared to previous periods.

3. The median listing price of $159,900 shows a significant gap from the sold price, indicating potential pricing friction in negotiations.

4. With a neutral market temperature, the current conditions suggest a balance between buyers and sellers, though elevated inventory levels may pressure prices further.

5. The median market rent of $1,676 indicates a stable rental environment, despite a down trend year-over-year.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.