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Green Cove Springs, FL housing market

The Green Cove Springs housing market is pretty competitive. The median home sales price in January 2025 has decreased in the past 3 months to $325,950. That’s down 11.6% and $42,750 lower than January 2024 of last year. That is lower than the Florida state median home sales price of $410,600. Homes typically sell after 54 days on market, which is faster than the state average and lower than 81 days in January 2024 a year prior.

Housing market overview for

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Trended Median Home Values
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How much do homes in Green Cove Springs, FL cost?

The median home price in Green Cove Springs was $325,950 in January 2025, down 11.6% from last year.

January's median sale price
$326K
Caret DownDown $43K and 11.6% since Jan 2024
Trended Homes Inventory
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How many homes are available in Green Cove Springs, FL?

The real estate market in Green Cove Springs had 67 homes for sale in January and is up from 54 homes for sale the month prior and up from 59 homes in January 2024.

Homes for sale in January
67
Caret UpUp 8 and 13.6% since Jan 2024
Trended Homes Sold
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How many homes are sold in Green Cove Springs, FL?

There were 8 homes sold in January 2025, trending down from 14 homes sold a year ago.

Homes sold in January
8
Caret DownDown 6 and 42.9% since Jan 2024
Trended Median Days on Market
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How long does it take to sell a home in Green Cove Springs, FL?

Homes in Green Cove Springs are staying on the market for 54 days. That’s 27 days faster than the median in January 2024, which means that the market is more competitive today.

Median days on market in January
54
Caret DownDown 27 and 33.3% since Jan 2024

Is it a buyer’s or seller’s market in Green Cove Springs, FL?

It is considered a buyer’s market right now. Housing inventory is up since last year, which means supply is less constrained. Mortgage rates are 6.8%, making the average house payment $2,488, which is $340 higher than a year before.

Total months of housing supply available for sale is 8.4 months, up 75% from 4.8 month(s) in January 2024.

Months of Supply

The Months of Supply housing metric is an estimate of how long it would take to sell all the homes for sale relative to the number of homes sold each month. Historically, 5 to 6 months is the average. You may also hear this metric referred to as the "absorption rate."

Lower months of housing supply typically signal a seller’s market whereas when months of supply is greater than 6 months typically signal a buyer’s market.

Sales to Listing Ratio

Sales to Listing Ratios are an indicator of supply and demand. It is all the completed sales in the past month divided by the total number of active listings.

In a balanced real estate market, the total number of home sales to active listings ratio is between 0.12 and 0.2 while markets with a ratio higher than 0.2 favors seller’s, as homes are selling fast and there is limited inventory, while markets below 0.12 favor home buyers because there is a larger supply of homes to purchase.

Selling a house in Green Cove Springs, FL

Home values have increased by 1.8% since last year, and the number of days it takes to sell a home has decreased from 58 days in January 2024 to 54 days in January 2025.

The best time to sell your home in Green Cove Springs is in November, when homes sell fastest and for the most money.

Sellers typically pay the commission of both the listing and buyer’s agents, which typically total 5-6% of the home sale price. That’s $19,557 paid in commission to the real estate agents. You’d also need to factor in closing costs, plus other fees and your mortgage payoff amount, to calculate the net proceeds from your home sale.

Buying a house in Green Cove Springs, FL

Homes in Green Cove Springs have a median price of $325,950, which means you’ll need $32,595 for a 10% down payment. Housing costs have increased 1.8% in the past year. When you’re several months out and have your down payment saved, make sure to get pre-approved for a mortgage and find a real estate agent.

Home values are only one part of the home affordability equation. When buying a house in Green Cove Springs, don’t forget to also account for closing costs, which are typically 3-4% of the home cost. In addition to a down payment of $32,595 you should have $13,038 as well as budget for cash reserves, moving expenses and ongoing homeownership costs for home maintenance and repairs or HOA fees.

Green Cove Springs home values are 53.4% cheaper than Fleming Island and 26% cheaper than the state median home value.

How does the Green Cove Springs real estate market compare to other markets?

The Green Cove Springs real estate market has a median sale price of $325,950, which is 26% lower than the state median sale price of $410,600. Compare other markets or nearby cities, as they can vary significantly.

Green Cove Springs, FL
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Fleming Island, FL
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Florida
Median home saleMedian home saleMedian home sale
$325,950$500,000$410,600
Days on marketDays on marketDays on market
545573
Monthly house payment
Monthly house payment
Monthly house payment
$2,488$3,658$3,057
Cost to buy a house
Cost to buy a house
Cost to buy a house
$45,633$70,000$57,484
Cost to sell a house
Cost to sell a house
Cost to sell a house
$22,816$35,000$28,742

Take the next step in Green Cove Springs: Find an agent

Navigating the Green Cove Springs housing market can be tricky, but you don’t have to go it alone. When you're ready to learn more, reach out to a local Green Cove Springs real estate agent to get the process started. We recommend interviewing multiple candidates and coming prepared with a list of all your questions.

Green Cove Springs, FL housing market FAQs

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