Buyer-Leaning Market · 52/100as of June 21, 2026
Here is where the San Marco 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
San Marco is currently a buyer-leaning market, with a median sold price around $792K. Right now homes are taking about 87 days to sell, and there is roughly 3.5 months of supply. Prices are down about 17% over the past year, though values remain up about 184% since 2012.
Source: realMLS listing and sales data, as of June 21, 2026.
Development Momentum
San Marco has a Development Momentum score of 94 out of 100 (High), based on 12 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 San Marco
- June 11, 2026City permits $150 million Southbank Residences high-rise on former River City Brewery site. The city issued a building permit June 11 for The Related Group's Southbank Residences at 835 Museum Circle, on the cleared River City Brewery site along the Southbank. The permit covers about 261,209 square feet at a $150 million construction cost, with Coastal Construction as contractor. Plans call for roughly 395 apartments across a 25 story tower and an eight story building, with total project investment cited near $202.7 million. Jacksonville Daily Record
- June 8, 2026Corner Lot seeks rezoning for hotel and retail at former Beach Road Chicken Dinners site. Jacksonville-based Corner Lot filed a rezoning application for 4132 Atlantic Boulevard in the St. Nicholas area near San Marco, now under review by the City Council Land Use and Zoning Committee. A concept plan shows a 122 room hotel, about 10,000 square feet of retail, and restaurant space, with multifamily use remaining part of the program. The request would move the site from one Planned Unit Development to another. Jacksonville Daily Record
- June 4, 2026Pier 95 plan returns with 58 town homes next to RiversEdge. A revised concept for Pier 95 proposes 58 town homes on about 3.9 acres just south of the RiversEdge development on the Downtown Southbank, between Prudential Drive and Interstate 95 near the WJXT studios. Plans from Chad Development LLC include a shared courtyard, pavilion and outdoor kitchen, with the site tied to a future extension of Reed Avenue. The Downtown Development Review Board is scheduled to consider conceptual approval June 11. Jacksonville Daily Record
- May 29, 2026LaSalle Street drainage overhaul nears completion ahead of hurricane season. Jacksonville's multiyear San Marco drainage project is in its final stages, with new large diameter pipes installed, roads resurfaced, and landscape restoration wrapping up in late spring 2026. The work replaced 30 inch storm pipes with 60 inch lines that feed a pump station, online since early 2025, capable of moving roughly 70,000 gallons per minute to the river through outfalls fitted with backflow preventers. News4Jax
- May 20, 2026Related Group breaks ground on Southbank Residences towers. After nearly six years of planning, Miami based Related Group held a ceremonial groundbreaking on May 20 for Southbank Residences at the former River City Brewery site. The roughly $202.7 million project pairs a 25 story Icon branded riverfront tower with an eight story companion building, delivering close to 400 residences plus ground floor retail, a marina, and resort style amenities. 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.