Jacksonville, FL 32223 Real Estate Market Report

ZIP Code: 32223
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 Jacksonville FL 32223 average 6.3%, which is 0.4% higher than the 5.9% average observed in early 2026.

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 neighborhood's primary market signal is the median sold price of 379,900, which represents the most reliable indicator of recent transaction values and suggests relatively stable pricing versus asking expectations.

2. The median days on market at 323 indicates materially slower sales velocity and may signal pricing friction or extended negotiation timelines for sellers, even as overall market temperature is described as neutral.

3. Price momentum is muted: year-over-year price movement is flat, implying limited upside in the near term and supporting a cautious stance for sellers; correspondingly, rent trends are down, which may reduce investor demand (flat).

4. Financing and cost-of-capital pressure is meaningful: interest rate pressure is elevated and local 30-year averages are reported higher relative to early 2026, which, combined with elevated inventory relative to sales activity, appears to favor buyers or those requiring financing elevated.

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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.

Jacksonville, FL 32223 Real Estate Market Report

ZIP Code: 32223
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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.

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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 Jacksonville FL 32223 average 6.3%, which is 0.4% higher than the 5.9% average observed in early 2026.

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 neighborhood's primary market indicator, the median sold price is $132,250, which anchors local valuation and suggests recent transaction activity remains modest given the other liquidity signals; flat price momentum year-over-year supports a stable pricing backdrop.

2. A very long median days on market of 626 points to slower sales velocity and notable pricing friction that may require sellers to be patient or adjust expectations; slower sales velocity appears to be a dominant liquidity feature.

3. Pricing density and rental context show a median price per square foot of 132 alongside a median market rent of $1,300, while rents are trending down year-over-year, which may compress investor cashflow assumptions and reduce renter-driven price support.

4. Market temperature is reported as neutral, but elevated borrowing costs are a headwind—current 30-year fixed mortgage rates average 6.3%, which is 0.4% higher than the early‑2026 average; elevated interest rate pressure may prolong the rebalancing process and favor buyers where pricing or condition issues exist.

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Notable Properties

The following 5 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.