32097
Jacksonville, Florida

# Market Report: ZIP 32097, Jacksonville FL

The 32097 market recorded a median sale price of $431,000 as of February 2026, reflecting 6.4% year-over-year appreciation that outpaces inflation but signals deceleration from previous cycles. Homes are averaging 82 days on market, indicating a normalized pace that has shifted from the sub-30-day frenzy of recent years. With only 12% of properties closing above list price, buyer urgency has diminished considerably, creating a more balanced negotiating environment than the seller-dominated conditions of 2021-2023.

This environment favors patient buyers with financing secured and flexible closing timelines, as the 82-day average DOM provides adequate due diligence windows without competitive pressure. The 88% of homes selling at or below list price creates room for offer negotiations that were impossible during peak market tension. Sellers with equity built before 2023 can still capture gains from the 6.4% annual appreciation, but recent purchasers lack the pricing power to command premium exits.

The PropIQ score of 65 signals caution rather than crisis, suggesting potential headwinds in absorption rates or inventory accumulation that warrant monitoring through Q2 2026. The gap between days on market and below-list transactions indicates softening demand that could pressure prices if inventory continues building. Buyers should track monthly new listing volumes and seller concession trends, as these leading indicators will confirm whether current appreciation rates are sustainable or subject to compression.