Nassau County home prices fall 5.8% in July

Single-family home prices in Nassau County fell nearly 6% over the past year, according to local Realtor data released Friday, Aug. 28.

The median sales price for a single-family home dropped to $470,000 in July, down from $499,000 in July 2025, according to data from the Amelia Island Nassau County Association of Realtors (AINCR). Realtor Jessie Jarell published the market update on Nassau Community Press.

Local Decline Contrasts With Regional and Statewide Gains

That 5.8% year-over-year decline stands out against the broader Jacksonville metro area, where single-family median prices rose 4.1% to $415,000 in July, according to Florida Realtors data reported by the Daytona Beach News-Journal. Statewide, single-family home sales climbed 5.1% year over year for the 11th consecutive monthly increase.

Sales Volume Fell Even Faster Than Prices

Nassau County's cooldown was even steeper by another measure. The Northeast Florida Association of Realtors (NEFAR) recorded just 86 home sales countywide in July, a 27.7% drop from a year earlier and a 26.5% slide from June, according to data compiled by Florida Politics. NEFAR's median price figure, $451,540, came in lower than the AINCR number, likely because NEFAR tracks a broader range of residential sales rather than single-family homes alone.

Manufactured-Home Prices Moved the Opposite Direction

Manufactured homes told a different story. The AINCR data showed the median manufactured-home price rose to $270,500 in July from $265,000 a year earlier, a 2.1% gain.

Realtor Points to Shifting Leverage Between Buyers and Sellers

"Buyers have more choices and may have more negotiating power than they did during the peak of the market," Jarell wrote in the update. "Sellers need to pay close attention to pricing, condition, and presentation to stand out among the competition."

Rising Mortgage Rates Weighed on the National Market

Mortgage rates played a role nationally. The National Association of Realtors reported on Aug. 18 that pending home sales fell 2.3% from June and 2.2% from a year earlier, reaching their lowest level since January 2026. NAR Chief Economist Lawrence Yun pointed to rates hitting their highest point of the year mid-summer. The average 30-year fixed rate stood at 6.69% for the week of Aug. 6, according to Freddie Mac data cited in the NEFAR report.