Jacksonville, FL Home Value Growth YoY Falls to -0.6% as Homes for Sale Increase to 8,493 in 2025
March 10, 2025
The Jacksonville housing market is experiencing a slowdown, with home value growth YoY declining to just -0.6% in 2025. This deceleration indicates a cooling market, as inventory levels surge to 8,493 homes for sale. The increased supply suggests a shift towards a buyer’s market, where longer listing periods and heightened seller competition will lead to price reductions. As Jacksonville’s real estate landscape adjusts, prospective buyers will find more negotiating power, while sellers need to adopt competitive pricing strategies to attract offers.
Jacksonville, FL Home Value Growth YoY Analysis Over the Years
Jacksonville, FL’s home values and growth trends have undergone major shifts over the years. Before the pandemic (2018-2019), the metro’s housing market was experiencing steady appreciation, according to the data available on Reventure App. Home values rose from $204K in 2018 to $220K in 2019, marking a 7.9% YoY growth. The market was balanced, driven by consistent demand, stable economic conditions, and increasing property values.
Jacksonville, FL’s home value growth reached -0.6% in 2025. Access the home value YoY growth map of the metro here. [Link]
During the pandemic (2020-2022), Jacksonville’s home value growth YoY dropped a bit to 4.6% in 2020. However, by 2021, median home values had jumped to $252.1K, reflecting a 9.3% YoY growth, according to data available on Reventure App. This sharp appreciation made Jacksonville one of the hottest housing markets in the U.S., with record-low inventory levels of -63.8%. In 2022, home values experienced their highest growth in two decades, rising by 23.1%.
After the pandemic (2023-onwards), rising mortgage rates and affordability concerns have slowed home price growth. By 2023, YoY appreciation had already declined to 13.8%, and in 2024, it further dropped to just -0.7%. The number of homes for sale surged to 6,209, indicating a market correction. And in 2025, the home value growth is -0.6%. With inventory rising, Jacksonville is now a buyer’s market, where longer days on the market and potential price reductions create more opportunities for buyers while putting pressure on sellers to adjust pricing strategies.
Home Value Growth YoY Trend in Counties of Jacksonville, FL
According to the data available on Reventure App, the Jacksonville metro area is experiencing a shift in its housing market, with home value growth YoY slowing significantly across its 5 counties. Counties including Duval (-0.9%), St. Johns (-1.9%), and Clay (-0.4%) are now seeing negative YoY growth. These declines suggest that demand has weakened in some of Jacksonville’s core housing markets, particularly in areas where prices surged the most in previous years.
St. Johns County showed the highest drop in home value growth YoY in the Jacksonville metro. Access the above home value map of the counties here. [Link]
However, counties like Baker (1.7%) and Nassau (0.8%) are experiencing mild growth and have maintained positive but slowed appreciation. These counties remain comparatively attractive due to job opportunities and relatively more affordable housing options compared to central Jacksonville. Overall, Jacksonville’s housing market is cooling in 2025, with most counties seeing a significant slowdown in home value growth or major declines.
Jacksonville, FL’s Housing Market Predictions for 2025
The Jacksonville, FL, housing market is predicted to decline further in 2025. The home price forecast score available on Reventure App is 36 out of 100 for the metro, which indicates that it is cooling. It’s important to note that a score below 45 on the App denotes a declining market. Moreover, a score between 45 and 55 represents stability, and a score above 55 indicates an appreciating market on Reventure App.
Jacksonville, FL’s Home price forecast score reached 36/ 100 in 2025. Access the home price forecast score chart here. [Link]
The declining score highlights that Jacksonville’s real estate sector will face challenges in maintaining stability in 2025. Buyers will gain more negotiating power, and sellers must adjust their pricing strategies to close deals. Investors and homeowners should prepare for a softer market, with opportunities for buyers seeking value in a cooling housing environment. Explore the housing market data at the ZIP-code level on Reventure App if you want a detailed analysis of the Jacksonville, FL metro area.
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