St Johns, FL Housing Market & Real Estate Update: inventory rising, mortgage rates under 6%
St Johns, FL – March 2, 2026 – St. Johns County pricing held near $547K in January as inventory rose; mortgage rates dipped below 6% heading into spring.
Top takeaways
- Median single-family price (January): $546,500, slightly lower month over month.
- Active inventory: 1,618 homes (about a six-month supply), with new listings rising to 577.
- Mortgage rates: Freddie Mac’s weekly average 30-year fixed rate was 5.98% (Feb. 26).
Market snapshot: January pace and pricing
January data pointed to a slower tempo alongside a growing pool of choices for buyers. The countywide median single-family price came in at $546,500, and homes typically took longer to move, with a median 64 days on market.
On the transaction side, the month logged 268 closed sales and 288 pending sales. Taken together, the counts suggest activity continued, but at a pace that aligns with the longer marketing times and the higher number of homes available.
Inventory and new listings: more options on the shelf
Inventory increased to 1,618 active homes—about a six-month supply—with new listings jumping to 577. More supply can mean more negotiating room in some situations, especially when multiple comparable homes are available at the same time. For sellers, it can also put extra emphasis on condition, presentation, and price positioning.
New construction pulse: permitting opened slower
New construction started 2026 at a slower pace based on permitting. The Northeast Florida Builders Association counted 194 single-family permits in St. Johns County in January.
What are you seeing locally: more price cuts, or homes still moving quickly when they’re turnkey?