Jacksonville, FL 32208 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. median sold price: $132,000 is the most reliable indicator of recent market value in ZIP 32208; with the market temperature showing neutral and price year-over-year trend indicated as flat, this level appears to represent the representative recent sale around which pricing discussions should center.
2. median days on market: 285 signals notably slower sales velocity and suggests pricing friction or longer negotiation cycles; given the relatively constrained active supply in the analyzed sample, sellers should not assume rapid turnover and should price to market to avoid extended exposure.
3. median price per square foot: $117 combined with median market rent: $1,298 and a rent year-over-year trend of down implies modest income support for values; investors should account for decreasing rent momentum and elevated interest rate pressure when underwriting acquisitions.
4. median listing price: $150,000 sits above the median sold price, which may indicate a premium in asking prices relative to transaction prices and could moderate seller expectations; with interest rate pressure noted as elevated, sellers should consider pricing concessions or targeted marketing to maintain competitiveness while buyers should expect measured negotiation leverage.

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.