32246
Jacksonville, Florida
Jacksonville 32246 needs watching.
The 32246 ZIP code in Jacksonville, Florida has a median sale price of $320K, down -11.1% year-over-year. Homes spend an average of 64 days on market, with 18% of homes selling above list price.
Folio's PropIQ™ score of 60 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 32246.
Jacksonville's 32246 ZIP code shows clear market cooling with a median sale price of $320,000, down 11.1% year-over-year as of February 2026. Homes are averaging 64 days on market, indicating extended selling timelines compared to the rapid turnover seen during peak demand periods. Only 18% of properties are closing above list price, a significant shift from seller-dominant conditions and evidence that bidding wars have largely evaporated in this submarket.
This environment favors patient buyers with negotiating leverage, particularly those willing to make reasonable offers below asking price given the single-digit percentage selling above list. The 64-day market time provides adequate due diligence windows without pressure tactics. Sellers facing timeline constraints or holding properties beyond two months should reassess pricing strategies, as the data suggests overpriced inventory will continue accumulating days on market.
The PropIQ score of 60 signals caution, suggesting price discovery remains incomplete and further downward pressure may materialize. The 11.1% annual decline indicates momentum that typically requires multiple quarters to stabilize. Buyers should monitor absorption rates and inventory growth through Q2 2026, while sellers must recognize that 2024-2025 pricing benchmarks no longer reflect current clearing prices in this ZIP code.
What is the median home price in 32246 Jacksonville?
The median sale price in 32246 is $320K, down -11.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Jacksonville 32246?
Homes in 32246 Jacksonville spend an average of 64 days on market before going under contract.
Is Jacksonville 32246 a good place to invest in real estate?
Folio's PropIQ™ score for 32246 is 60/100 — a Caution signal. 18% of homes sold above asking.
What does a PropIQ™ score of 60 mean for 32246?
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 60 = Caution in 32246 Jacksonville, Florida.