32235
Jacksonville, Florida

The 32235 ZIP code median sale price stands at $210,000 as of February 2026, representing a sharp 24.5% year-over-year decline that signals significant market correction. Homes are moving in 49 days on average, a moderate pace that reflects neither distress selling nor strong demand. The zero percent of properties selling above list price confirms buyers hold clear negotiating leverage, with sellers unable to command premium pricing in current conditions.

This environment favors cash buyers and investors with liquidity who can capitalize on the 24.5% price reduction without financing constraints. First-time homebuyers with pre-approved financing gain substantial negotiating power given the absence of competitive bidding pressure. Sellers face headwinds and should avoid listing unless necessary, as the $210,000 median represents compressed valuations compared to 2025 levels and zero above-ask sales indicate limited urgency from the buyer pool.

The PropIQ score of 45 out of 100 signals caution and suggests further price stabilization or softening ahead rather than immediate recovery. The combination of double-digit price decline with moderate days-on-market indicates this correction may not have fully resolved. Prospective market participants should monitor whether days-on-market begin extending beyond 49 days or if any properties start achieving above-list sales, which would indicate a sentiment shift toward stabilization.