32238
Jacksonville, Florida
Jacksonville 32238 needs watching.
The 32238 ZIP code in Jacksonville, Florida has a median sale price of $166K, down N/A year-over-year. Homes spend an average of 55 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 27 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 32238.
The 32238 ZIP code shows a stalled market with a median sale price of $165,500 holding flat year-over-year through February 2023. Properties are averaging 55 days on market, indicating moderate absorption rates rather than strong demand. Notably, zero percent of homes are selling above list price, a clear signal that buyers face no competition and hold negotiating leverage in nearly every transaction.
This environment favors cost-conscious buyers and patient investors seeking below-ask pricing. The 55-day marketing period gives buyers time for thorough due diligence without pressure, while the absence of overbid situations means offers at or below list price remain viable. Sellers face the weakest position, with flat appreciation providing no equity growth and extended DOM requiring realistic pricing from day one to avoid further market time.
The PropIQ score of 27 out of 100 signals caution for all participants, suggesting underlying weakness beyond the surface metrics. This low score typically precedes either continued stagnation or potential price corrections if inventory increases or days on market extend further. Prospective market participants should monitor monthly sold volume trends and any movement in the zero-percent above-ask metric, as improvement there would indicate the first signs of demand recovery.
What is the median home price in 32238 Jacksonville?
The median sale price in 32238 is $166K, down N/A year-over-year as of 2023-02-28.
How long do homes stay on the market in Jacksonville 32238?
Homes in 32238 Jacksonville spend an average of 55 days on market before going under contract.
Is Jacksonville 32238 a good place to invest in real estate?
Folio's PropIQ™ score for 32238 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 32238?
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 27 = Caution in 32238 Jacksonville, Florida.