Jacksonville Market Update May 2025

Generally, Jacksonville would have been considered a buyer’s market in May as compared to the same month in 2024.

A buyer’s market in real estate means the conditions favor people looking to purchase a home rather than those trying to sell one. It’s all about supply and demand.

That is clearly true in Jacksonville as sold units and average price are both lower year over year while inventory is up significantly.

However, just because overall Jacksonville is a buyer’s market, that doesn’t mean that is true for all areas of Jacksonville.

Let’s take a closer look at Jacksonville and then a snapshot of some of the area zip codes:

Here we see what I referenced earlier: closed sales and median price are both down while inventory is up, a clear indicator of a buyer’s market.

Zip Code 32256 (Baymeadows/Southside Area)

In this area, single family homes are in a fairly balanced market leaning toward being a seller’s market. However, condos and townhomes show the characteristics of a buyer’s market.

Zip Code 32224 (Southside near UNF and Mayo Clinic)

This area is clearly a buyer’s market for both single family homes, townhouses and condos.

Zip Code 32250 (Jax Beach)

This area is clearly a buyer’s market for single family homes but for townhouses and condos it is a more balanced market although supply is still up significantly.

Zip Code 32233 (Atlantic Beach)

This area is clearly a buyer’s market for single family homes but for townhouses and condos it is a more balanced market although supply is still up significantly.

Zip Code 32081 (Ponte Vedra)

This area is a buyer’s market for single family homes along with townhouses and condos.