2025 Forecast: Is It a Buyer's Market in Jacksonville?

📉 Jacksonville Home Prices Are Leveling Out in 2025

After years of rapid appreciation, Jacksonville home prices are finally stabilizing. As of mid-2025, the median home price in the Jacksonville metro area has increased by just 2.1% year-over-year, according to data from the Northeast Florida Association of Realtors (NEFAR). This is a significant slowdown compared to the double-digit growth from 2021 through 2023.

What it means for buyers: With less upward pressure on prices, buyers may have more time to evaluate properties and make competitive—but not frantic—offers.

🏡 More Homes for Sale = More Buying Power

Jacksonville housing inventory has grown in 2025, giving buyers more options and more negotiating leverage. Active listings are up by 14% compared to summer 2024, thanks to both an increase in resale homes and a steady pipeline of new construction in high-demand areas like Nocatee, St. Johns, and Clay County.

Buyers can now take advantage of:

• Less competition per property

• More time to conduct inspections and due diligence

• A better chance of avoiding bidding wars

This increased housing supply signals a shift toward a more balanced—or slightly buyer-friendly—real estate market in Jacksonville.

💸 Mortgage Rates in Jacksonville Are Holding Steady

In 2025, the average 30-year fixed mortgage rate hovers around 6.6%, according to Freddie Mac. While higher than the ultra-low rates of 2020–2021, today's rates are consistent and somewhat predictable, which is helping buyers feel more confident about locking in financing.

Additionally, some local lenders in Jacksonville are offering rate buy-downs or temporary incentives to make payments more affordable in the early years of homeownership.

🤝 Seller Concessions Are Back in Jacksonville's Housing Market

In 2021 and 2022, buyers had little room to negotiate. But in 2025, Jacksonville sellers are more open to:

• Paying part of the buyer’s closing costs

• Making pre-listing repairs or offering repair credits

• Accepting offers below asking price—especially if the home has been listed for 30+ days

This is a strong signal that negotiating power is shifting toward buyers.

🔍 Is Jacksonville a Buyer’s Market in 2025?

While Jacksonville isn’t a textbook buyer’s market yet, it is certainly trending in that direction. Here’s what we’re seeing:

✅ Slower price growth
✅ Rising inventory
✅ More time on market for listings
✅ Greater flexibility from sellers

In some neighborhoods—particularly suburban areas outside the core like Orange Park, Middleburg, and Westside—buyers may have even more negotiating room than in competitive areas like Jacksonville Beach or Riverside.

🗝️ Should You Buy a Home in Jacksonville in 2025?

If you've been waiting for the market to shift in your favor, 2025 may be your year to buy real estate in Jacksonville. Whether you're a first-time buyer, upsizing, or relocating to Northeast Florida, this is a great time to explore your options while there’s more inventory and slightly less competition.

👋 Work with a Local Jacksonville Realtor Who Knows the 2025 Market

As a full-time real estate agent in Jacksonville, I monitor these trends closely and know how to help buyers navigate this evolving market with confidence.

If you’re thinking about buying in 2025, let’s connect. I’ll guide you through every step—from financing to closing—with local insight and negotiation strategies designed to protect your investment.

📲 Contact me today for a personalized home buying consultation in Jacksonville.