Balanced Market · 63/100as of June 21, 2026
Here is where the Murray Hill market stands this month, with the latest verified development news and the Momentum score, all in one place.
Market snapshot
Median sale price by year
Murray Hill is currently a balanced market, with a median sold price around $290K. Right now homes are taking about 43 days to sell, and there is roughly 4 months of supply. Prices are down about 4% over the past year, though values remain up about 497% since 2012.
Source: realMLS listing and sales data, as of June 21, 2026.
Development Momentum
Murray Hill has a Development Momentum score of 44 out of 100 (Moderate), based on 2 verified development items in the last 12 months. It measures the velocity of approved, funded, and opening projects nearby, and is distinct from market price. How this is scored.
What is happening near Murray Hill
- March 24, 2026City permit clears Edgewood Bakery conversion into a Community First branch. The city issued a building permit in March 2026 for Community First Credit Union to renovate the long-vacant former Edgewood Bakery at 1012 Edgewood Avenue South, with an approved project cost near $3.5 million. Plans call for renovating roughly 4,628 square feet and adding drive-thru lanes, an outdoor plaza, a front lawn, a community room, and an on-site food truck. Auld and White Constructors is handling the work, targeted for completion in late 2026. Jacksonville Daily Record
- October 16, 2025New roundabout opens at Post Street and Old Roosevelt Boulevard. FDOT opened a new roundabout where Post Street meets Old Roosevelt Boulevard in mid-October 2025, after about four months of construction. The roughly $6.5 million project includes rail safety upgrades, resurfacing, new signage, lighting, and removal of several traffic signals. FDOT said the redesign is expected to sharply reduce rail-related incidents, with remaining work finishing by mid-2026. Jacksonville Today
- December 2, 2024Hamburger Mary's planned for former El Jefe space on Edgewood Avenue. An operator announced plans to open a Hamburger Mary's restaurant at the former El Jefe space at 947 Edgewood Avenue South, with an initial investment near $150,000. The redesign adds a stage, a performers' entrance, and capacity near 100 guests. A related retail shop was also planned for the adjacent storefront. Jacksonville Daily Record
- October 4, 2024Artistic light display advances for the Edgewood and Roosevelt underpass gateway. A sculptural lighting program by artist Bill Fitzgibbons, titled Jacksonville Spectrum, moved toward final review in late 2024 for the underpass where Edgewood Avenue meets Roosevelt Boulevard at the Murray Hill and Avondale gateway. The lighting is part of a larger roadway project that also added roundabouts and a completed mural at the site. State roadway rules shaped the color scheme and timing. Jacksonville Today
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Market figures are computed from current realMLS listing and sales data and update as the market moves. Development items are verified, dated, and source-linked. This briefing is general information, not financial or investment advice. Every home and situation is different, so talk to a licensed agent about yours.