JACKSONVILLE, Fla., April 8 – The Northeast Florida housing market showed signs of renewed activity in March as home prices continued a modest upward trend while buyer demand strengthened. Across the region’s six counties, single-family homes saw a slight rise in median price compared with the previous month, even as affordability slipped somewhat. Sales activity picked up notably, with a strong increase in completed transactions and steady pending sales signaling continued buyer interest heading into spring. At the same time, more sellers entered the market, boosting the number of new listings and expanding the overall inventory of available homes. With properties spending less time on the market, the data reflects a market that is gaining momentum while gradually balancing increased supply with sustained demand.
“March’s numbers show a market that is gaining momentum as we move into the spring season. Sales activity is up, more sellers are entering the market and buyers are continuing to engage even as affordability remains a factor. This is a positive sign as we head into the spring, with the market finding a stronger and more sustainable rhythm.”, says NEFAR President, Kim Knapp
In March, the median sales price for single-family homes in Northeast Florida’s six-county region rose 1.5% to $395,000. The Home Affordability Index* in the region fell by 2.3% to 86. Closed sales for single-family homes totaled 1,847 transactions, a 22.6% increase from the previous month. Meanwhile, pending sales were at 1,395. There were 2,663 new listings in the month of March, a 14.6% increase from February. There was an active inventory of 6,901 properties, an increase of 9.1%. The median number of days on the market was 40, a 20% decline.
“March’s numbers reflect a market that is gaining strength as we head into the spring season. Prices increased modestly while sales activity rose significantly, showing that buyer demand remains strong across Northeast Florida. At the same time, increased listings and growing inventory are creating more opportunities, even as affordability continues to be a consideration for many buyers.”, said Knapp
Northeast Florida by County
In Duval County, March showed the median price of single family homes was $335,000, a 2.8% increase from February. Homes in Duval County spent a median of 35 days on the market, a 20.5% decrease from the month prior. There were 955 closed sales, which was an increase of 24.7%, and 674 pending sales. New listings rose 9.3% to 1,314, and there was an active inventory of 3,350 homes—a 3.5 -month supply. The Home Affordability Index fell by 3.8% to 101.
In Clay County, in March 2026, the median price for single-family homes increased by 4.3% to $364,990. Homes spent a median of 52 days on the market. There were 269 closed sales, an 33.8% increase from February, and pending sales were at 237. New listings increased by 47.7 % to 418, and active inventory was at 982 homes, representing a 3.7 month supply. The Home Affordability Index was at 93.
In St. Johns County, the March 2026 median price for single-family homes increased by 1.2% to
$550,000. Homes spent a median of 47 days on the market, a 21.2% dip from the previous month. Closed sales were at 458, a 14.5% increase, with pending sales at 347. There were 690 new listings. Active inventory was at 1,782 homes, representing a 3.9-month supply. The Home Affordability Index was 62, as St. Johns County remains the most expensive county in the region.
In Putnam County, the March median price of single-family homes fell by 32.2% to $186,950. The median days on the market decreased by 35.6% to 34 days, reflecting longer sales cycles. There were 32 closed sales, while there were 23 pending sales. There were 57 new listings, a 9.6% increase from February. The active inventory was 228 homes, indicating a 7.1 -month supply, and the Home Affordability Index was 182, as Putnam is the most affordable county in the region.
In Nassau County, in March, the median price of single-family homes was $459,500, a 5.3% decrease from February. The median days on the market was 51, a 15% decrease from the month prior. Closed sales were up 20% to 114, while pending sales were up by 19.1% to 106, and there were 157 new listings, a 9.8% increase from February. Active inventory was 477 homes, a 4.2-month supply. The Home Affordability Index rose to 74, showing a 4.2% increase in relative affordability.
In Baker County, March brought a 41.8% increase in the median home price, climbing to $355,000. Homes spent a median of 66 days on the market, a 131.6% increase. There were 19 closed sales, 8 pending sales, and 27new listings. There was an active inventory of 82 homes, providing a 4.3-month supply. The Home Affordability Index fell to 96, showing a decrease in relative 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.
