Jacksonville, FL 32218 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. 245,000 as the median sold price anchors recent market value and indicates transactions are completing below the median listing price of 289,995, which suggests a meaningful gap between asking and realized prices and may indicate persistent seller pricing adjustments; balanced to slightly buyer-leaning conditions appear likely given this spread and neutral market temperature.
2. The market shows slow liquidity with a median days on market of 294, which should be interpreted as protracted time-to-contract rather than outright market failure; sellers and investors should expect longer holding periods and consider targeted pricing or concessions to improve turnover.
3. Pricing per area remains moderate with a median price per square foot of 162 and a median market rent of 2,000, implying rental levels are available for comparison but rent trends are down, so rental income assumptions should be stress-tested against recent downward pressure.
4. Macro signals include a year-over-year price trend that is up alongside elevated interest rate pressure and a neutral market temperature; combined, these suggest price resilience but increased financing costs may cool demand, so underwrite purchases conservatively and prioritize listings with clear value differentials.

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.