Jacksonville, FL 32209 Real Estate Market Report

ZIP Code: 32209
Report Date: March 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: 32209) stands at $118,000, reflecting a stable market despite broader trends showing signs of price softening. The neighborhood has decreased 8% since 2022, indicating a notable shift in buyer sentiment and market dynamics. As the spring season unfolds, the market is experiencing elevated inventory levels, which may suggest a more cautious approach from buyers amid ongoing economic pressures.

Transaction activity remains moderate, with 249 days as the median days on market, pointing to slower sales velocity. The relationship between elevated inventory and sales activity indicates a potential pricing friction, as sellers may need to adjust expectations to align with current market realities. Overall, the market temperature is neutral, suggesting a balanced environment where both buyers and sellers may find opportunities, albeit with careful navigation of pricing and inventory conditions.

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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 the Jacksonville FL 32209 area at 5.500% are significantly lower than the 6.500% seen in early 2026, presenting a cost opportunity for property owners.

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 $118,000 reflects a stable market but shows signs of softening with an 8% decrease since 2022.

2. With a median days on market of 249, the market is experiencing slower sales velocity, indicating potential buyer hesitance.

3. The median market rent is $1,676, suggesting that rental demand remains relatively stable despite the down trend in rental prices year-over-year.

4. The current property tax rate of 1.13% may impact overall affordability, contributing to elevated interest rate pressure in the market.

5. Overall, the market temperature is neutral, suggesting a balanced environment where both buyers and sellers must navigate carefully.

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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.