As 2025 progresses, the Northeast Florida housing market continues to follow seasonal patterns. In January, the market saw a decrease in closed sales, which follows annual trends, since most homeowners urgently settled into their new homes in January before the year ended. Meanwhile, pending sales plummeted in January, reflecting the typical lull in sales this time of year that was expected for the beginning of 2025. Interestingly, sales price is up a bit from this time last year, while $/square-foot is down, which usually means it’s bigger houses that are selling right now. New listings are up quite a bit, giving buyers plenty of options for homes to purchase.
The median sales price for single-family homes in Northeast Florida’s six-county region decreased by 5.8% compared to January, falling to $376,990. Fortunately, this brought the Home Affordability Index* up to a score of 68, a 4.6% increase from december.
“Additionally, the “arctic freeze” that found its way to Jacksonville also kept many folks in the warmth of their homes instead of outside looking for their next home, so it’s not surprising that days on the market trended up and pending sales trended down” said 2025 NEFAR President, Mario Gonzalez.
In January, closed sales for single-family homes fell significantly by 39% month-over-month, totaling 1,114 transactions, while pending sales also saw a decline of 14.9%, sitting at 1,092. New listings rose 53.6 % from December to January, recording 3,340 homes.
Since December, the active inventory of single-family homes increased by 14.7% to 7,556 properties. However, this is a drastic increase from the previous year, as the number of properties has skyrocketed by 72.6% since January 2024. This rise in inventory from 2024 is a welcome development for buyers, providing a wider range of options. The median number of days on the market increased to 53 days, a 3.9% increase from December, indicating slightly slower turnover as the market adjusts to seasonal conditions.
“Sellers are acting early here in 2025 and stimulating the market with fresh listings,” said Gonzalez.
