32220
Jacksonville, Florida

Jacksonville's 32220 ZIP code shows clear cooling with a median sale price of $285,000, down 9.4% year-over-year as of February 2026. Homes are spending an average of 103 days on market, substantially longer than typical hot-market conditions. Only 10% of properties are selling above list price, indicating buyers have regained negotiating leverage after the previous market cycle. The data points to a correction phase where pricing power has shifted decisively away from sellers.

This environment favors patient buyers with financing already secured and investors seeking cash-flow properties at reduced entry points. The 103-day marketing period gives purchasers time to conduct thorough due diligence without competitive pressure. Sellers facing job relocation or financial pressure will struggle in this climate, while discretionary sellers should consider waiting for market stabilization. The 10% above-ask rate means bidding wars are largely extinct, benefiting first-time buyers previously priced out.

The PropIQ score of 55 signals caution, suggesting further downside risk before stabilization occurs. With pricing still declining at nearly double-digit rates, the market has not yet found its floor. Buyers should monitor months-of-supply inventory and mortgage rate movements as leading indicators of trend reversal. The current 103-day absorption rate may extend further if new listings continue entering a market with declining prices, potentially creating more favorable entry points through mid-2026.