32234
Jacksonville, Florida
Jacksonville 32234 needs watching.
The 32234 ZIP code in Jacksonville, Florida has a median sale price of $350K, down -6.7% year-over-year. Homes spend an average of 97 days on market, with 6% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 32234.
ZIP 32234 in Jacksonville shows softening demand with a median sale price of $350,000, down 6.7% year-over-year as of February 2026. Homes are averaging 97 days on market, substantially above the typical 30-45 day benchmark for balanced conditions. Only 6% of properties are selling above list price, indicating minimal competition and weak buyer urgency. This represents a clear shift from the elevated pricing environment of previous years.
Price-sensitive buyers hold significant negotiating leverage in this environment, with extended market times forcing sellers to accept realistic offers. Investors seeking cash flow properties can capitalize on the 6.7% price correction to improve initial yield calculations. Sellers face unfavorable conditions and should consider delaying listings unless circumstances require immediate sale, as the 97-day absorption rate suggests properties are taking more than three months to clear.
The PropIQ score of 55 signals continued market weakness ahead, suggesting further price adjustments may occur before stabilization. The 97-day inventory accumulation pattern typically precedes additional corrections of 3-5% unless demand accelerates. Buyers should monitor whether days-on-market begins declining below 80 days, which would indicate the correction phase is completing and market equilibrium is approaching.
What is the median home price in 32234 Jacksonville?
The median sale price in 32234 is $350K, down -6.7% year-over-year as of 2026-02-28.
How long do homes stay on the market in Jacksonville 32234?
Homes in 32234 Jacksonville spend an average of 97 days on market before going under contract.
Is Jacksonville 32234 a good place to invest in real estate?
Folio's PropIQ™ score for 32234 is 55/100 — a Caution signal. 6% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 32234?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 55 = Caution in 32234 Jacksonville, Florida.