32202
Jacksonville, Florida

Jacksonville's 32202 ZIP code reports a median sale price of $194,258 as of February 2026, representing an extraordinary 123.3% year-over-year increase. However, this dramatic price appreciation occurs alongside a lengthy 149-day average market time, and critically, zero homes are selling above list price. This combination of surging prices with extended DOM and no bidding competition suggests a disconnect between seller expectations and buyer willingness to pay premium pricing in this downtown submarket.

The current metrics favor patient buyers with negotiating leverage. With homes sitting 149 days and none exceeding list price, purchasers can submit below-ask offers without facing competition. The 123.3% annual gain primarily benefits existing owners considering disposition, though the slow absorption rate indicates they must price strategically rather than chase the median. Investors seeking cash-flowing properties should scrutinize whether current prices at $194,258 support rental economics given the elongated sales cycle.

The PropIQ score of 60 signals caution, reflecting concern that triple-digit percentage gains aren't supported by transaction velocity or buyer urgency. The zero above-list sales and 149-day DOM indicate demand hasn't kept pace with price escalation. Market participants should monitor whether the next quarter shows DOM contraction and return of competitive offers, or if prices must correct downward to align with the demonstrated five-month absorption pattern and absence of bidding activity.