Northeast Florida’s median home price barely changed in October, but fewer homes sold and affordability weakened, according to regional real estate figures. Inventory expanded to roughly a 4.4-month supply, giving buyers more options. The market’s broad pattern—steady prices alongside slower sales—varied across the six counties, with prices rising in some and falling in others.
Key takeaways
- The regional median price was about $399,000, little changed from September.
- Closed sales fell roughly 11% month over month to about 1,480.
- Active inventory reached approximately 6,500 homes, or a 4.4-month supply.
- The Home Affordability Index dropped to 78; below 100 indicates a median-income household may not qualify for a mortgage on a median-priced home under the index’s assumptions.
Prices edged up as sales slowed
The median price of a single-family home remained near $399,000 in October. Regional reports differed slightly on the precise median and sales count, but both showed a modest monthly price increase and a decline in closed transactions. One report also put the median price 4.2% above October 2025 and sales 15.1% below a year earlier.
Homes spent about 36 days on the market. New listings totaled roughly 2,200, while pending sales also fell from September, pointing to a slower pace of activity as buyers weighed their options.
More homes on the market, but affordability slipped
Active inventory rose from September to around 6,500 listings, lifting supply from about four months to 4.4 months. That gives buyers more choice and potentially more room to negotiate, while sellers face greater competition. Northeast Florida Association of Realtors President Kim Knapp said buyers were being more deliberate and sellers who price to market were better positioned.
The affordability index fell to 78 from 81 in September. The measure combines median prices, household income and mortgage-rate assumptions; a reading below 100 signals that a median-income family does not earn enough to qualify for a mortgage on a median-priced home under those criteria.
County results were mixed
Duval County recorded the most sales, but its median price declined to roughly $336,000 and closed transactions fell from September. Clay’s median price rose to about $365,000, while its sales were broadly steady; it remained the region’s most affordable county by the index.
St. Johns remained the highest-priced county, with a median near $565,000, and had a 3.8-month supply. Nassau’s median was about $477,500, with sales down and supply at six months. Putnam had the region’s lowest median, about $276,450, and the largest reported supply at 7.4 months. Baker’s median rose sharply to $458,000, though its small number of monthly sales means prices can move substantially from one month to the next.
- Northeast Florida home prices edge up in October as sales fall and affordability slips, News4JAX.
- Closed home sales dip in October in Northeast Florida, Jacksonville Daily Record.