🏡 Northeast Florida Real Estate Market Review – September 2025
Market Overview
The Northeast Florida housing market showed steady resilience and growing balance this September. Median home prices remained strong, rising slightly year-over-year, even as higher mortgage rates continued to influence buyer activity. The market is transitioning from the ultra-competitive post-pandemic surge into a healthier, more sustainable rhythm.
Prices and Sales Trends
- Median Sale Price:Â Up modestly from last year, signaling sustained confidence in local values.
- Sales Volume:Â While total closed sales dipped slightly, much of this reflects seasonal slowdown and cautious buyers adjusting to financing costs rather than a loss of demand.
- Days on Market: Homes are taking longer to sell — typically around 45–55 days — suggesting that buyers now have more breathing room to make informed decisions.
Inventory and Supply
After years of tight supply, inventory levels improved in September. New listings rose steadily, giving buyers a broader selection of homes across Jacksonville, St. Johns, and Clay counties. However, overall supply remains below pre-2020 averages, meaning sellers still hold a mild advantage — especially for well-priced, move-in-ready homes.
Buyer & Seller Dynamics
- Buyers are benefitting from more choice and slightly less competition. Negotiations and seller concessions (like closing cost credits) are back on the table.
- Sellers who price strategically are still seeing strong offers, especially in sought-after neighborhoods like Riverside, Mandarin, and Nocatee.
Interest Rates and Affordability
Higher mortgage rates — hovering in the 6.5–7% range — continue to shape affordability, but local job growth and in-migration trends help offset the impact. Northeast Florida’s relative affordability compared to other coastal regions keeps demand solid, particularly among relocating families and remote workers.
Outlook
Looking ahead, the market is expected to stay balanced through the fall, with modest price appreciation and continued buyer activity. Builders are cautiously expanding inventory, and consumer confidence remains upbeat thanks to the region’s strong employment base, lifestyle appeal, and population growth.
Bottom Line
September 2025 was a steady, confidence-building month for Northeast Florida real estate. While the market has cooled from the frenzy of recent years, it remains healthy, dynamic, and full of opportunity for both buyers and sellers willing to adapt to the “new normal.”
