JACKSONVILLE, Fla., September 11 – Northeast Florida’s housing market continued to show signs of shifting conditions in August, with buyers gaining more options while sellers faced a market that requires greater flexibility and patience. Inventory remained elevated across much of the region, giving buyers more choices, while market activity varied by county and home prices continued to move in different directions. Affordability also remained an important factor shaping the market as conditions gradually evolve.
“More inventory is changing the conversation in Northeast Florida. Buyers have greater choice and the ability to be more selective, while sellers may need additional patience and flexibility. This isn’t a one-size-fits-all market, and conditions can look very different from one county, neighborhood and price point to another. Sellers who properly prepare their homes and align condition with price are positioning themselves to win. Buyers who understand the market and can recognize a winning listing are positioned to win as well. In this market, preparation and strategy matter on both sides of the transaction.” says NEFAR President, Kim Knapp
In August 2026, the median price for single-family homes across the six-county region decreased by 1.6% to $397,420. Homes spent a median of 31 days on the market. There were 1,696 closed sales, a 10.7% decrease from July, with 1,788 pending sales. There were 2,247 new listings. There was an active inventory of 6,103 homes, representing a 3.6-month supply. The Home Affordability Index increased to 84.
“The market is sending a clear message in August: buyers are there, but they are more selective. Improving affordability and a healthy supply of homes are creating opportunity, while the number of pending sales demonstrates continued buyer engagement. For sellers, getting the price and condition right from the beginning has become increasingly important.” said Knapp
Northeast Florida by County
In Duval County, August showed the median price of single-family homes was $335,000, the same as July. Homes in Duval County spent a median of 25 days on the market, a 3.8% decrease from the month prior. There were 887 closed sales, which was a decrease of 5.8%, and 965 pending sales. New listings dropped by 4.2% to 1,265, and there was an active inventory of 3,057 homes, representing a 3.4-month supply. The Home Affordability Index fell to 86.
In Clay County, in August 2026, the median price for single-family homes increased by 2.5% to $369,000. Homes spent a median of 32 days on the market. There were 239 closed sales, an 11.2% decrease from July, and pending sales were at 246. New listings decreased by 13% to 322, and active inventory was at 960 homes, representing a 4 month supply. The Home Affordability Index fell slightly 87, making Clay the most affordable county in the region.
In St. Johns County, the August 2026 median price for single-family homes decreased by 2.7% to $573,250. Homes spent a median of 40 days on the market, rising by 29% from the previous month. There were 398 closed sales, a 25.5% decrease from July, with 413 pending sales. There were 459 new listings. Active inventory was at 1,404 homes, representing a 3.5-month supply. The Home Affordability Index climbed to 78.5, though St. Johns County remains the most expensive county in the region.
In Putnam County, the August median price of single-family homes decreased by 11.1% to $280,000. The median days on the market decreased by 59.5% to 33 days, reflecting longer sales cycles. There were 42 closed sales, and 34 pending sales. There were 53 new listings, a 24.3% decrease from July. The active inventory was 212 homes, indicating a 5-month supply, and the Home Affordability Index dropped to 78.5.
In Nassau County, in August, the median price of single-family homes was $456,207, an 0.7% increase from July. The median days on the market was 45, a 14.4% decrease from the month prior. Closed sales were up by 28.1% to 114, while there were 114 pending sales, and there were 124 new listings, a 16.2% decrease from July. There was an active inventory of 392 homes, a 3.4-month supply. The Home Affordability Index was 76.
In Baker County, August brought a 12.79% increase in the median home price, rising to $394,450. Homes spent a median of 50 days on the market, a 31.6% increase. There were 16 closed sales, 16 pending sales, and 24 new listings. There was an active inventory of 78 homes, providing a 4.9 -month supply. The Home Affordability Index fell by 12.4% to 78.
Important Information
Update to Home Affordability Index: Our statistics provider made an update to the way that Home Affordability (HAI) is calculated. Up until now, the HAI calculation has been based on the median family income for the Jacksonville metro area, no matter where the property was located. Going forward, that calculation is based on the median family income for the actual county where the listing is located, making it a much more targeted calculation.
* The Home Affordability Index measures housing affordability for the region. In other words, it measures whether a typical family in the area 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
Commercial use by 3rd party companies/vendors is not permitted. Commercial use by members of the public (non-NEFAR members) is not permitted. NEFAR member use is limited to supporting their clients /customers in the normal course of their brokerage business. Whether used for written, digital, broadcast, spoken, social media or other, all uses of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of REALTORS.
**Market stats are updated by the 10th of every month on the tool.**
