Jacksonville, FL 32221 Real Estate Market Report

ZIP Code: 32221
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of March 2026, the real estate market in Jacksonville, FL (ZIP: 32221) shows a median sold price of $274,000, reflecting a market that has experienced a down trend in pricing. This indicates a shift in buyer sentiment as the market cools from previous peaks. The median days on market is notably high at 193 days, suggesting slower sales velocity and a potential increase in negotiation power for buyers as sellers adjust their expectations in response to market conditions.

The current inventory levels appear elevated, with a substantial gap between the median listing price of $312,000 and the median sold price. This discrepancy may indicate pricing friction as sellers face a market that is becoming increasingly buyer-friendly. Despite these challenges, underlying economic factors such as job growth are providing some stability, preventing a more severe market decline.

---

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

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.

---

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

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 5.94% are slightly higher than recent lows seen near 5.72% in mid-February 2026.

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

---

Key Findings

1. The median sold price of $274,000 reflects a market that has experienced a down trend in pricing, indicating potential buyer leverage.

2. With a median days on market of 193 days, the market is experiencing slower sales velocity, suggesting a shift towards more negotiable seller conditions.

3. The median listing price of $312,000 compared to the median sold price indicates significant pricing friction, which may challenge sellers in achieving their asking prices.

4. The market temperature is currently neutral, suggesting a balanced environment where neither buyers nor sellers hold a distinct advantage.

5. The median market rent is $1,930, which may influence buyer decisions as rental rates also trend down year-over-year.

---

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.