Jacksonville, FL 32224 Real Estate Market Report

ZIP Code: 32224
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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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, are averaging approximately 6.45%, which reflects the prevailing market conditions for property owners in this area during May 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 primary market signal is the median sold price of $500,000, which establishes recent transaction-level value and suggests modest appreciation given that asking expectations are higher at median listing price of $507,450; sellers should expect pricing friction when listing above recent sales.

2. Sales velocity is slow relative to typical market turnover: the median days on market is 304, which indicates slower sales velocity and that buyers are being selective rather than urgency-driven.

3. Price momentum is positive at a macro level—year-over-year price direction is up—while the local market reads as neutral in temperature, implying a balanced negotiation environment where sellers can achieve close to asking only with strong positioning; this creates a measured opportunity for well-priced listings.

4. Market fundamentals: the median price per square foot is $250 and the median market rent is $1,950, while interest-rate pressure is moderate and current financing conditions show a 30-year fixed mortgage rate ~6.45%, all of which suggest cautious underwriting for buy-and-hold investors and tighter buyer affordability compared with lower-rate periods.

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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 32224 Real Estate Market Report

ZIP Code: 32224
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

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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, are averaging approximately 6.45%, which reflects the prevailing market conditions for property owners in this area during May 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 primary indicator of market value is the median sold price of $189,000, which represents the most recent transaction-level signal for Jacksonville 32224 and should guide valuations more than asking prices.

2. Despite a higher median listing price of $205,000, recent sales show a persistent pricing gap that may indicate seller expectations exceed成交 prices; this pricing friction appears alongside a neutral market temperature.

3. The market exhibits slower sales velocity as evidenced by a median days on market of 1,358, which suggests longer negotiation timelines and that buyers are being selective rather than transacting quickly; pricing and patience will be important for listing strategies.

4. Rents are under mild pressure with a median market rent of $1,750 and a down rent year-over-year trend, while financing conditions show moderate interest rate pressure and prevailing 30-year fixed mortgage rates averaging approximately 6.45%, which may temper investor demand and price growth momentum.

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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.