Northeast Florida’s housing market continued its gradual cooldown in September as sales activity slowed and inventory levels held higher than a year ago. Prices remained relatively stable across much of the region, giving buyers a bit more leverage and a wider range of choices, while sellers faced a more competitive environment that rewarded realistic pricing and patience.
Affordability improved slightly as median prices eased, but higher-cost areas continued to challenge many homebuyers. Across all counties, the market reflected a steady shift toward balance, signaling a more measured pace heading into the fall season.
“We’re seeing a healthy, more balanced market right now, one that offers benefits on both sides of the table,” said NEFAR President Mario Gonzalez. “Buyers are finding opportunities to secure homes with better terms and stronger negotiating power, while sellers are being strategic and choosing to list before conditions shift further. It’s a season of adjustment, but also one of opportunity for those who move wisely.”
The median sales price for single-family homes in Northeast Florida’s six-county region fell 2.1% to $387,694. This caused the Home Affordability Index to increase to 70.
In September, closed sales for single-family homes totaled 1,651 transactions, a 7% decrease since August. Meanwhile, pending sales were at 1,180, which was a decrease of 28.5%. There were 2,247 new listings in the month of September, a 9% drop since the previous month.
In September, there was an active inventory of 8,428 properties. This is an increase from the previous year, as the number of properties has grown by 5.9% since September 2024. This rise in inventory from 2024 is a positive change for buyers, as they have many options to choose from. The median number of days on the market was 44.
“Now more than ever, it’s essential to have an experienced Realtor guiding you through today’s market,” said Gonzalez. “With shifting inventory levels and evolving buyer and seller dynamics, professional expertise can make all the difference. If you’re taking the time to understand these market trends, be wise and pair that knowledge with trusted guidance from a Realtor to successfully navigate one of the biggest financial decisions of your life.”
In St. Johns County, the September 2025 median price for single-family homes stayed at $550,000. Homes spent a median of 44 days on the market, a 12% decrease from the previous month. Closed sales were at 423, with pending sales dropping 38.1% to 266. There were 473 new listings, 10.4% less than August. Active inventory was at 2,185 homes, representing a 5.2-month supply. The Home Affordability Index jumped slightly to 49, though St. Johns County remains the most expensive county in the region.
In Duval County, September showed the median price of single-family homes was $330,000, a 2.9% decrease from August. In September, homes in Duval County spent a median of 41 days on the market. There were 841 closed sales, and 615 pending sales, both decreases from last month. New listings fell 11.1% to 1,211, and there was an active inventory of 4,164 homes — a 5-month supply. The Home Affordability Index increased to 82.
The Home Affordability Index measures housing affordability for the region. In other words, it measures whether a typical family earns enough to qualify for a mortgage on a typical home, based on current interest rates, median income and median home prices. A higher number means greater affordability. This index measures affordability factors for all homebuyers making a 20% downpayment. An index of 100 is defined as the point where a median-income family has the exact amount of income needed to purchase a median-priced existing home. An index value over 100 means that the family has more than enough income, while a value below 100 means that a family doesn’t have enough income to qualify for a mortgage loan.
Source: Northeast Florida Association of Realtors.
