Jacksonville, FL 32223 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. The primary market indicator, median sold price, is $346,500, which anchors recent transaction values and suggests moderate appreciation consistent with the reported price year-over-year trend of up.
2. The market shows slow liquidity: median days on market is 326, which may indicate slower sales velocity and increased negotiation opportunity for buyers rather than rapid turnover.
3. There is a meaningful gap between asking and transaction levels: median listing price is $460,000 while the median sold price is $346,500, which suggests pricing friction and that seller expectations may be misaligned with recent sale outcomes, creating room for buyer concessions.
4. Market context is broadly balanced: market temperature is described as neutral (neutral), interest rate pressure is moderate (moderate), rent trend is flat (flat), and the median price per square foot is $211 with median market rent $2,105, collectively implying a stabilized SFR and condo market with cautious but not distressed fundamentals.

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.