JACKSONVILLE, Fla., May 13 – Northeast Florida’s housing market continued to stabilize in April, with growing inventory giving buyers more choices across the region. While home prices edged up slightly, the overall market showed healthier dynamics as we continue to see many new listings become available. These shifts suggest a move toward a more balanced market, offering opportunities for both buyers and sellers.
The median sales price for single-family homes in Northeast Florida’s six-county region increased by 2.9% since March, rising to $389,000. This caused the Home Affordability Index* to fall to a score of 67, a 2.9% decrease from March.
“Buyers and sellers alike must remember that these shifts toward a balanced market are good overall and indicative of a healthy marketplace,” said 2025 NEFAR President, Mario Gonzalez.
In April, closed sales for single-family homes totaled 1,825 transactions, while pending sales were at 1,437. There were 3,106 new listings in the month of April.
Since March, the active inventory of single-family homes increased by 10.2% to 9,012 properties. This is a drastic increase from the previous year, as the number of properties has grown exponentially by 24.4% since April 2024. This rise in inventory from 2024 is a positive change for buyers, as they have many options to choose from. The median number of days on the market increased to 44 days, a 29.4% increase from March, indicating homes selling slightly slower than they did last month.
“This increased inventory is a welcomed change for buyers who couldn’t buy a home in the extraordinarily competitive market just a few years ago, “said Gonzalez.
Northeast Florida by County
In Duval County, April showed a 5.9% increase since March in the median price of single-family homes, now at $338,920. Sales of homes decreased in speed in April, with the median days on the market rising 32.8 % to 39 days. While closed sales fell 8.3% to 934, pending sales fell 30% to 726. New listings were at 1595, and there was a 9.9% climb in active inventory, now at 4,352 homes—a 4.7-month supply. The Home Affordability Index decreased since March by 6.1% to 77.
In Clay County, in April 2025, the median price for single-family homes decreased by 5% from March to $358,590. Home spent a median of 51 days on the market. Closed sales were at 261, and pending sales dropped 33.7% to 195. New listings were at 396, while active inventory increased by 8.3% to 1,205 homes, representing a 4.6-month supply. The Home Affordability Index rose to 76, indicating increased affordability in the market.
In St. Johns County, the April 2025 median price for single-family homes rose to $557,990, a 1.8% increase from March. Homes spent a median of 46 days on the market. Closed sales increased by 1.1% to 449, with pending sales now at 356. There were 840 new listings, while active inventory increased by 14% to 2,528 homes, representing a 5.6 -month supply. The Home Affordability Index fell slightly to 47, as St. Johns County remains the most expensive county in the region.
In Putnam County, the April 2025 median price of single-family homes rose to $242,495, a 3.2% increase. The median days on the market rose 32.2% to 80 days, reflecting longer sales cycles. Closed sales increased by 14.3% to 48, while pending sales climbed 15.8% to 44. There were 76 new listings. The active inventory rose by 3.2% to 291 homes, indicating a 6.1-month supply, and the Home Affordability Index dropped to 107.5, though Putnam County is still the most affordable area in the region.
In Nassau County, in April 2025, the median price of single-family homes was $490,250, a 5.5% decrease from March. The median days on the market jumped 88.9% to 51. Closed sales were up 17.6% to 120, while sales fell 24.3% to 103, and new listings dropped by 18.4% to 169. Active inventory rose by 3.4% to 547 homes, a 4.6-month supply. The Home Affordability Index rose slightly to 53, showing a small increase in relative affordability.
In Baker County, April 2025 showed a decrease in the median home price, falling to $305,000, which is 1.6% lower than March. Homes moved faster with the median days on the market falling 48.1% to 48. Closed sales decreased to 13, while pending sales fell to 13, and there were 30 new listings. Active inventory was at 89 homes, providing a 6.8-month supply. The Home Affordability Index saw a small rise of 0.6% to 86, indicating slightly increased affordability.
* The Home Affordability Index measures housing affordability for the region. In other words, it measures whether a typical family earns enough to qualify for a mortgage on a typical home, based on current interest rates, median income, and median home prices. A higher number means greater affordability. This index measures affordability factors for all homebuyers making a 20% downpayment. An index of 100 is defined as the point where a median-income family has the exact amount of income needed to purchase a median-priced existing home. An index value over 100 means that the family has more than enough income, while a value below 100 means that a family doesn’t have enough income to qualify for a mortgage loan.
The Northeast Florida Association of Realtors (NEFAR,) serves as the voice of real estate in Northeast Florida. As the region’s largest professional association, it represents more than 13,000 members who work in all facets of the real estate industry including residential and commercial sales and property management. It serves the public through support of community affairs programs and seeks to protect private property rights. The Northeast Florida Multiple Listing Service (DBA realMLS) is a wholly owned subsidiary of NEFAR. NEFAR is headquartered in Jacksonville, with satellite Service Centers in Orange Park, Jacksonville Beach, and Palatka.
