Jacksonville’s 5 Points Real Estate Market
While specific data for the “5 Points” neighborhood within Jacksonville is not provided in the given sources, general trends for Jacksonville would apply. Given the overall market conditions, the 5 Points area would likely experience the same normalization and buyer-friendly environment. As a historic and vibrant neighborhood, 5 Points might retain some unique demand characteristics, but the broader market forces of increased inventory, stable prices, and the influence of mortgage rates would still be prevalent [3] [4] [5]. Investors and buyers in this area would benefit from the increased choices and negotiating power typical of a buyer’s market [3].
The Jacksonville, Florida, real estate market as of October 13, 2025, is characterized by normalization, offering a balanced environment for both buyers and investors [4]. It is currently considered a buyer’s market, ranking as the fifth-best in the nation [3].
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The median sale price for a home in Jacksonville was $302,000 in August 2025, showing a negligible increase of 0.003% year-over-year [1]. The median price per square foot was $184, a decrease of 1.6% from the previous year [1]. This median sale price is 31% lower than the national average, and the overall cost of living in Jacksonville is 8% lower than the national average [1]. Homes in Jacksonville typically receive one offer on average and sell in approximately 69 days [1]. This is a slight increase from 60 days last year [1]. In August 2025, 1,125 homes were sold, a decrease from 1,185 in the same month last year [1].
The market’s “somewhat competitive” nature is reflected in a Redfin Compete Score™ of 39 out of 100 [1]. This means some homes receive multiple offers, while the average home sells for about 3% below its list price and goes pending in around 69 days [1]. Hot homes can sell for around the list price and go pending in about 35 days [1]. The sale-to-list price ratio was 97.0% in August 2025 [1].
The broader Northeast Florida market, which includes Jacksonville, has seen a significant increase in housing inventory. As of July 2025, active inventory in Northeast Florida has grown by 13% year-over-year to over 12,000 properties [3]. New listings account for approximately 3,500 properties [3]. In Duval County, specifically, there were 5,615 homes for sale in July 2025, with a median price of $304,130, a 0.5% decrease from the previous year [3]. The ratio of sellers to buyers in Jacksonville is approximately 5:1, indicating a strong buyer’s market [3].
Mortgage rates are a significant factor influencing market dynamics. As of July 16, 2025, the national average 30-year fixed mortgage APR was 6.81%, with Jacksonville rates around 6.7% [3]. These elevated rates have impacted buyer purchasing power and contributed to a “rate lock effect,” where existing homeowners are hesitant to sell [3]. However, as inflation trends downward towards the Federal Reserve’s 2% target, mortgage rates are expected to stabilize and potentially decrease, which could increase buyer demand [3].
Jacksonville’s real estate market is undergoing normalization, characterized by stable home prices, inventory, and demand after periods of rapid growth or decline [4]. This normalization is expected to lead to consistent home price appreciation of 2-5% annually [4]. The city’s diverse economy, strong job growth, and continued population influx contribute to its stability and long-term appreciation potential [3] [4] [5]. Jacksonville also faces natural hazard risks, with 24% of properties at risk of severe flooding, 75% at risk of wildfire, 100% at extreme risk of severe wind events, and 81% at extreme risk of heat over the next 30 years [1].
The condo market in Jacksonville faces particular challenges, with inventory levels significantly higher than single-family homes due to new regulations requiring inspections and repairs, as well as increased insurance premiums [3]. Single-family rentals, however, remain a strong investment due to consistent demand and steady appreciation [4].