Jacksonville, FL 32277 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

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 median sold price: $292,000 is the best indicator of current market value and recent transactions in 32277; with a median listing price: $349,900 notably higher, this gap suggests seller asking expectations exceed recent sale prices and may indicate pricing friction between list and realized values.
2. The median days on market: 314 points to slower sales velocity, which, combined with observed sample inventory patterns, appears to be producing longer time-to-close for representative SFR and condo transactions.
3. The market shows a market temperature: neutral and price year-over-year trend: flat, indicating a balanced market stance where neither buyers nor sellers have a clear structural advantage and price appreciation is largely stalled (flat).
4. Rents are firming with a median market rent: $1,400 and the median price per square foot: 167 remains a stable valuation metric; with rent year-over-year trend: up, rental demand may be providing a floor under prices even as interest rate pressure: elevated continues to temper buyer demand.

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.