JACKSONVILLE, Fla., August 8 – In July, the Northeast Florida housing market continued to cool, with slower buyer activity and a more deliberate pace of sales. Sellers entered the market with balanced expectations, while a steady rise in available homes is giving buyers more choices and room to negotiate. Properties spent longer on the market compared to earlier in the year, signaling a shift toward a calmer, more balanced environment across much of the region.
“Buyers who were unsuccessful in buying a home during the strong sellers market of the COVID years have been begging for a market shift towards these exact conditions”, says NEFAR President, Mario Gonzalez
The median sales price for single-family homes in Northeast Florida’s six-county region rose only slightly to $394,000. This caused the Home Affordability Index* to stay at 66. In July, closed sales for single-family homes totaled 1,849 transactions, a 9.4% decrease since June. Meanwhile pending sales were at 1,292, which was a decrease of 28.9%. There were 2,613 new listings in the month of July, a 4.3% drop since the previous month.
In July, there was an active inventory of 8,882 properties. This is an increase from the previous year, as the number of properties has grown by 10.7% since July 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 was 43.
“These conditions are much more representative of a balanced market and experienced realtors can help buyers and sellers navigate much more successfully than tying to go it alone in these waters”, said Gonzalez
Northeast Florida by County
In Duval County, July showed the median price of single family homes was $329,000. In July, homes in Duval County spent a median of 38 days on the market. There were 947 closed sales, and 659 pending sales. New listings fell 9.7% to 1300, and there was an active inventory of 4,243 homes—a 4.5-month supply. The Home Affordability Index rose slightly to 79.
In Clay County, in July 2025, the median price for single-family homes increased by 1.2% from June to $369,485. Homes spent a median of 43 days on the market. Closed sales fell 12.4% to 261, and pending sales were at 166. New listings rose 8.8% to 369, while active inventory was at 1,181 homes, representing a 4.5-month supply. The Home Affordability Index stayed at 71.
In St. Johns County, the July 2025 median price for single-family homes increased to $592,000, a 2.1% increase from June. Homes spent a median of 54 days on the market, a 3.8% increase since the previous month. Closed sales decreased by 7.7% to 468, with pending sales at 322. There were 713 new listings, 3.6% more than June. Active inventory was at 2,549 homes, representing a 5.4-month supply. The Home Affordability Index fell slightly to 44, as St. Johns County remains the most expensive county in the region.
In Putnam County, the July 2025 median price of single-family homes rose to $257,500, a 2.3% increase since June. The median days on the market dropped 23.7% to 58 days, reflecting shorter sales cycles. Closed sales decreased by 13% to 40, while pending sales were at 36. There were 66 new listings, a 6.5% increase from June. The active inventory stayed at 298 homes, indicating a 7.4-month supply, and the Home Affordability Index fell to 101, as Putnam remains the most affordable county in the region.
In Nassau County, in July 2025, the median price of single-family homes was $464,000, a 2% increase from June. The median days on the market rose 23.4% to 66. Closed sales were down 16.3% to 113, while pending sales were at 91, and there were 147 new listings. Active inventory fell by 6.1% to 539 homes, a 4.8-month supply. The Home Affordability Index dropped to 56, showing a decrease in relative affordability.
In Baker County, July showed a decrease in the median home price, rising to $314,495, which is 2.7% higher than June. Homes spent a median of 81 days on the market. There were 20 closed sales. There were 18 pending sales, and 18 new listings, which was a 28.6% increase. Active inventory fell 11.1% to 72 homes, providing a 3.6-month supply. The Home Affordability Index saw a decrease of 2.4% to 83.
* 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.
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