September Market Update: Finding Balance in Northeast Florida’s Housing Market
Northeast Florida’s real estate landscape entered a season of adjustment this September, signaling a continued return to balance. Sales activity slowed slightly, inventory levels remained higher than a year ago, and prices held steady — creating more opportunities for buyers and rewarding strategic sellers.
Across the six-county region (Baker, Clay, Duval, Nassau, Putnam, St. Johns), the median sales price for single-family homes dipped 2.1% to $387,694, pushing the Home Affordability Index up to 70, a modest improvement in buying power. There were 1,651 closed sales (down 7% from August), 1,180 pending sales (down 28.5%), and 2,247 new listings (down 9%). Inventory rose to 8,428 active homes, a 5.9% increase year-over-year, with homes spending a median of 44 days on the market.
“We’re seeing a steady and sustainable market—one that offers balance for both buyers and sellers,” said NEFAR President Mario Gonzalez. “Buyers are negotiating stronger terms, while sellers who price competitively are still achieving great results. It’s truly a market of opportunity for those who act wisely.”
County Highlights at a Glance
Duval County
The median price dipped 2.9% to $330,000, increasing affordability (Index 82). Homes spent a median of 41 days on the market, with 841 closed and 615 pending sales. New listings declined 11.1% to 1,211, while inventory rose to 4,164 homes—a healthy 5-month supply.
Clay County
Clay County showed steady growth, with prices up 1% to $362,500 and an affordability index of 74.5. Homes averaged 44 days on the market, with 228 closed sales (up 6%) and 184 pending. New listings dropped slightly (4.2%) to 339, while inventory reached 1,210 homes, about a 5.3-month supply.
St. Johns County
St. Johns maintained its status as the region’s luxury leader, with a $550,000 median price. Homes spent 44 days on market (down 12%), 423 closed sales, and 266 pending sales (down 38.1%). New listings totaled 473 (down 10.4%), and inventory stood at 2,185 homes, a 5.2-month supply. Affordability rose slightly to Index 49.
Putnam County
Putnam County remained the region’s affordability anchor with a $254,000 median price and Index 106. Homes stayed on the market for 64 days, with 37 closed and 29 pending sales. New listings fell 30.5% to 50, and inventory declined to 271 homes, a 7.3-month supply.
Nassau County
In Nassau, prices eased 4% to $470,190, and affordability improved to Index 57. Homes averaged 60 days on market, with 107 closed sales (up 8.1%) and 75 pending. New listings rose 27.4% to 158, while inventory edged up to 517 homes, a 4.8-month supply.
Baker County
Baker saw a modest dip in price to $320,000, with homes spending 60 days on the market. There were 15 closed and 11 pending sales, and new listings held at 16. Inventory fell 3.6% to 81 homes, representing a 5.4-month supply. The affordability index increased to 84, signaling favorable conditions for local buyers.
Market Insight: A Balanced Path Forward
As Northeast Florida moves into fall, a more stable and intentional market is taking shape. Buyers are benefiting from increased options and more negotiating room, while sellers who align their pricing with today’s trends are still achieving strong results.
“Now more than ever, having an experienced Realtor matters,” Gonzalez added. “With inventory and pricing dynamics shifting, trusted guidance helps buyers and sellers make informed, confident moves in today’s evolving market.”