Median home prices in Nassau, St. Johns set record

The median price of a single-family home in Northeast Florida was $399,990 in April.

  • Real Estate
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The median sales price of a single-family home in Northeast Florida rose in April to a near record of $399,990, according to a monthly report from the Northeast Florida Association of Realtors. 

It was 2.7% higher than the March median price of $389,450 and 8% higher than the median price of $370,341 in April 2023.

April was $10 shy of the record median price of $400,000 set in July 2022.

NEFAR tracks the housing market in Baker, Clay, Duval, Nassau, Putnam and St. Johns counties.

Here are the median sales prices by county, where St. Johns and Nassau set record highs.

Baker: $305,000. The record is $364,650 in November 2022.

Clay: $352,000. The record is $385,000 in July 2022.

Duval: $345,500. The record is $350,000 in June 2022.

Nassau: $484,995. Tops record of $467,000 in January.

Putnam: $244,950. The record is $269,000 in October 2022.

St. Johns: $600,000. Tops record of $585,000 in July.

St. Johns County has long been the region’s most expensive county. The April median price was 11.4% higher than March and up 8.5% over April 2023.

“The Northeast Florida market continued to strengthen in April versus March, with listing inventory up almost 10%, and about 5% of those as new listings. This indicates more sellers are returning to the market,” Rory Dubin, 2024 NEFAR president, said in a news release.

“This is concurrent with modest increases in the median sales process and the average price per foot of homes sold. With 3.5 months of inventory, the region is returning to a more balanced market between buyers and sellers.”

Chris Shee of MasterCraft Builder Group spoke confidently about the area’s housing market at the May 10 Sales & Marketing Council breakfast.
Photo by Dan Macdonald

Builders are also bullish on the Jacksonville housing market. Chris Shee, founder and CEO of MasterCraft Builder Group, said Jacksonville is a popular spot for homebuyers.

He spoke at the May 10 Sales & Marketing Council breakfast.

The attraction is fueled by the number of available white-collar jobs in the region. Despite the April median numbers, there is still affordability to be found.

“Jacksonville is the No. 3 city in the U.S. for job seekers. It ranks No. 1 in affordability in the state,” Shee said.

“Northeast Florida is the best area, in the best state, in the best country.”

However, that demand and a shortfall of 37,300 needed houses in Clay, Duval, Nassau and St. Johns counties will continue to drive up prices, he said.



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