32046
Jacksonville, Florida

The 32046 ZIP code reports a median sale price of $486,450 as of February 2026, reflecting an 8.1% year-over-year increase that outpaces national averages but signals market deceleration from prior periods. Homes are averaging 84 days on market, substantially above the sub-30-day timeframes seen in peak seller conditions. Only 9% of properties are closing above list price, indicating bidding war activity has largely evaporated and negotiating leverage has shifted from 2021-2022 dynamics.

This environment favors patient buyers with strong financing who can capitalize on the 84-day market absorption rate to conduct thorough due diligence and negotiate terms. The 9% above-ask figure suggests 91% of transactions close at or below list price, creating room for offer strategies that were impossible during tighter inventory periods. Sellers with equity from the 8.1% annual appreciation can still exit profitably, but those requiring quick sales face extended timelines compared to the previous two-year cycle.

The PropIQ score of 61 signals caution rather than confidence, suggesting underlying fundamentals may not support continued 8% appreciation rates into late 2026. Investors should monitor whether days on market extend beyond 90 and if the above-ask percentage drops below 5%, both indicating further softening. The score warns against assuming current price growth is sustainable without corresponding improvements in absorption rates or demand indicators.