Jacksonville, FL 32277 Real Estate Market Report

ZIP Code: 32277
Report Date: March 2026
Market Temperature: COLD
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Jacksonville housing market in the 32277 ZIP code is currently characterized by a median sold price of $284,500, reflecting a notable shift as prices have decreased 8% since 2022. This decline indicates a cooling market following a period of rapid growth, and it suggests that buyers may be gaining more negotiating power. The market is experiencing slower sales velocity, with properties remaining on the market for a median of 244 days, which is significantly longer than in previous periods. This extended duration may indicate a shift towards a more balanced market, although some micro-markets still exhibit seller-favorable conditions.

Inventory levels appear to be elevated, with an excess supply relative to sales activity. This trend is further underscored by the median listing price of $315,000, which is notably higher than the median sold price. Such a gap may create pricing friction as sellers adjust their expectations to align more closely with current market realities. Overall, the market temperature is classified as cold, reflecting the downward pressure on prices and the softening demand in both the sales and rental markets.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels 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 notably lower than the 6.76% average seen one year ago, indicating a favorable refinancing window for recent buyers.

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 median sold price of $284,500 indicates a significant price adjustment, having decreased 8% since 2022.

2. Properties are taking longer to sell, with a median days on market of 244, suggesting slower sales velocity.

3. The median listing price of $315,000 is higher than the sold price, indicating potential pricing friction in the market.

4. The market temperature is cold, reflecting a general trend of declining prices and softening demand.

5. Rental markets are also experiencing a downturn, with a median market rent of $1,676, which may indicate decreased rental demand.

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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.