JACKSONVILLE, Fla., October 15 – Northeast Florida’s housing market continued its gradual cooldown in September as sales activity slowed and inventory levels held higher than a year ago. Prices remained relatively stable across much of the region, giving buyers a bit more leverage and a wider range of choices, while sellers faced a more competitive environment that rewarded realistic pricing and patience. Affordability improved slightly as median prices eased, but higher-cost areas continued to challenge many homebuyers. Across all counties, the market reflected a steady shift toward balance, signaling a more measured pace heading into the fall season.
“We’re seeing a healthy, more balanced market right now. One that offers benefits on both sides of the table. Buyers are finding opportunities to secure homes with better terms and stronger negotiating power, while sellers are being strategic and choosing to list before conditions shift further. It’s a season of adjustment, but also one of opportunity for those who move wisely”, says NEFAR President, Mario Gonzalez
The median sales price for single-family homes in Northeast Florida’s six-county region fell 2.1% to $387,694. This caused the Home Affordability Index* to increase to 70. In September, closed sales for single-family homes totaled 1,651 transactions, a 7% decrease since August. Meanwhile pending sales were at 1,180, which was a decrease of 28.5%. There were 2,247 new listings in the month of September, a 9% drop since the previous month.
In September, there was an active inventory of 8,428 properties. This is an increase from the previous year, as the number of properties has grown by 5.9% since September 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 44.
“Now more than ever, it’s essential to have an experienced Realtor guiding you through today’s market. With shifting inventory levels and evolving buyer and seller dynamics, professional expertise can make all the difference. If you’re taking the time to understand these market trends, be wise and pair that knowledge with trusted guidance from a Realtor to successfully navigate one of the biggest financial decisions of your life”, said Gonzalez
Northeast Florida by County
In Duval County, September showed the median price of single family homes was $330,000, a 2.9% decrease from August. In September, homes in Duval County spent a median of 41 days on the market. There were 841 closed sales, and 615 pending sales, both decreases from last month. New listings fell 11.1% to 1,211, and there was an active inventory of 4,164 homes—a 5-month supply. The Home Affordability Index increased to 82.
In Clay County, in September 2025, the median price for single-family homes increased by 1% from August to $362,500. Homes spent a median of 44 days on the market. Closed sales rose 6% to 228, and pending sales were at 184. New listings fell 4.2% to 339, while active inventory was at 1,210 homes, representing a 5.3-month supply. The Home Affordability Index increased to 74.5.
In St. Johns County, the September 2025 median price for single-family homes stayed at$550,000. Homes spent a median of 44 days on the market, a 12% decrease from the previous month. Closed sales were at 423, with pending sales dropping 38.1% to 266. There were 473 new listings, 10.4% less than August. Active inventory was at 2,185 homes, representing a 5.2-month supply. The Home Affordability Index jumped slightly to 49, though St. Johns County remains the most expensive county in the region.
In Putnam County, the September 2025 median price of single-family homes rose to $254,000. The median days on the market rose 1.6% to 64 days, reflecting longer sales cycles. Closed sales decreased by 5.1% to 37, while pending sales were at 29. There were 50 new listings, a 30.5% decrease from August. The active inventory fell by 4.6% to 271 homes, indicating a 7.3-month supply, and the Home Affordability Index rose to 106, as Putnam remains the most affordable county in the region.
In Nassau County, in September 2025, the median price of single-family homes was $470,190, a 4% decrease from August. The median days on the market was at 60. Closed sales were up 8.1% to 107, while pending sales were at 75, and there were 158 new listings, a 27.4% increase from August. Active inventory rose by 0.8% to 517 homes, a 4.8-month supply. The Home Affordability Index rose to 57, showing an increase in relative affordability.
In Baker County, September showed a decrease in the median home price, falling to $320,000. Homes spent a median of 60 days on the market. There were 15 closed sales. There were 11 pending sales, and 16 new listings. Active inventory fell 3.6% to 81 homes, providing a 5.4-month supply. The Home Affordability Index saw a change of 10.2% to 84.
* 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 meansgreater 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.
