Jacksonville, FL 32224 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

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.

Property Taxes

Liquidity & Velocity

Market Trends & Context

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

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.

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.