Drew Dixon
Single-family home sales fell along the First Coast six-county region in April in both monthly and year-over-year comparisons.
The Northeast Florida Association of Realtors (NEFAR) released the housing market data for last month, showing there were 1,825 closed sales of homes in April. That’s down by 8.2% from April 2024, when there were 1,989 homes sold. It was also a drop from March when there were 1,889 closed sales, a decrease of 3.4%.
There are additional signs the market is starting to become sluggish. The active housing inventory showed a notable increase. There were 9,012 houses for sale on the First Coast in April, a sharp 24.5% increase over April 2024’s figure of 7,236 and a 10.2% increase over the March inventory of 8,181.
Another sign the housing market in Northeast Florida is leaning more toward the buyer’s favor is the median number of days a house remained on the market, which jumped significantly in April.
Houses remained on the market for about 44 days in April, increasing by 57.1% compared to a year ago, when the median number of days on the market was 28. The April figure jumped by 19.4% month-to-month, as March saw a home on the market for a median of 34 days.
The median price for a single-family home on the First Coast produced mixed numbers, with a figure of $389,000. That’s a 2.7% drop from April 2024’s median price of $399,900. But it’s a 2.9% increase over the March median price tag of $378,000.
Duval County, home to the First Coast’s most populous city of Jacksonville, witnessed notable drops in home sales last month. There were 934 closed sales of single-family houses in April, a 9.2% decline from April 2024’s figure of 1,029 and a drop from the March number of 1,109. The median sale price was $338,920 in April, a 1.8% decline from a year ago but a 5.9% increase in the month-to-month comparison.
St. Johns County to the south had mixed results in the housing market last month, with 449 sales. That’s a 15.1% decrease from April 2024, when there were 529 closed sales. But the April figure is a modest 1.1% increase from the March number of 444. The median price tag for a house was $557,990, a 4.6% dip from April 2024 and a 1.8% increase over March.
Nassau County produced mixed results as well in April, with 120 closed sales representing an 11.8% decline from last year but a 17.6% increase over March. The median price tag for a home in Nassau was $490,250, a 5.5% decrease from March but a 1% uptick from April 2024.
Clay County to the west of Jacksonville saw similar mixed results with 261 closed sales in April, an 11.1% increase from last year but a 1.1% decline from March. The median sales price tag for a home was $358,590, a 1.9% uptick from April 2024 but a 5% drop from March.
Putnam County showed consistently positive trends in home sales last month, with 48 single-family houses sold. That’s a notable 14.3% jump from March and a 4.3% increase year-over-year. The median Putnam County home price was $242,495, a slight increase in both the monthly and year-over-year comparisons.
Baker County, the First Coast’s most rural county, had 13 home sales in April, which was a 7.1% decrease in the annual comparison and a 28.7% decline month-to-month. The median sales price for homes in Baker came in at $255,000 in April, up 2% from a year ago and down 1.9% from March.
