32224
Jacksonville, Florida

# Market Report: 32224 Jacksonville, FL

The 32224 market posted a median sale price of $572,500 as of February 2026, reflecting +6.8% year-over-year appreciation that outpaces inflation but signals cooling momentum from prior periods. Inventory absorption remains sluggish at 93 days on market, well above the 60-day threshold that typically indicates balanced conditions. Only 10% of transactions closed above list price, confirming minimal competitive pressure and suggesting sellers hold limited pricing power in current negotiations.

These conditions favor patient buyers with financing secured and flexible timelines, as the 93-day average DOM provides negotiating leverage and reduces bidding war risk. Sellers who purchased before 2022 retain sufficient equity from the +6.8% annual gain to exit profitably, though those expecting 2021-style premiums will face reality adjustments. Investors seeking cash-flow properties should scrutinize rent-to-price ratios carefully, as the $572,500 entry point demands strong rental yields to justify acquisition at current appreciation rates.

The PropIQ score of 65/100 signals caution, indicating elevated risk factors that warrant monitoring through Q2 2026. This score typically correlates with markets approaching inflection points where appreciation may stall or reverse if demand weakens further. Critical variables include mortgage rate trajectory and local employment data—any deterioration could push days on market beyond 100 and compress the current +6.8% price growth toward flat or negative territory within two quarters.