32666 (Melrose)
Housing Market & Home Values
Median sale price $375,000, with homes going under contract in about 38 days, 32 homes on the market.
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Housing Market Analyst
Inventory sits at 6.5 months of supply — heavy by the 3-to-6-month balanced benchmark, and 36% of listed homes are already under contract. sellers are still collecting 95.0% of asking. Taken together, the data points to a broadly balanced market where preparation decides who wins.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors neither side decisively.
- Inventory — building over the tracked window; watch whether that holds through the season.
- Negotiating power — buyers gain ground as 36% of inventory sits under contract.
- Mortgage sensitivity — at 4.6× income, this market is moderately sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current 32666 data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
The read on 32666 (Melrose)
The median sale price across 32666 currently stands at $375,000. Buyers are paying a median of $223 per square foot. The typical home goes under contract in about 38 days. Sellers are capturing 95.0% of their original asking price on average.
There are 32 active listings on the market, with 20 more already under contract. At the current sales pace that works out to 6.5 months of supply — a buyer-leaning market by the standard six-month benchmark. 62 homes closed here over the trailing 12 months.
Zillow's home value index for Putnam County stands at $216,313. About 26% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for 32666 is 54 of 100 — balanced market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of October 26, 2026.
32666 since 2012 — and where it’s heading
A median home here sold for $188,421 in 2012 and $397,633 over the last recorded year — 111% appreciation across 14 years of recorded sales. Cash buyers took 35% of recent sales, down from a 46% peak.
Median sale price · 2012–2026 (316 recorded sales)
Days on market by year
Cash buyers · share of sales
Home value trend · Putnam County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Putnam County (MLS)
Median price · daily recalculation
What’s driving 32666
Movers arriving report ~$55,107 average income. Source: IRS SOI county-to-county migration, 2022-2023
550 Citizens policies in force in Putnam County — the state-backed insurer of last resort. Budget insurance into any Putnam purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
91 single-family · 36 multi-family · 1.7 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
Both sides have a case: buyers should negotiate on days-on-market, sellers should lean on the under-contract rate. Preparation, not the market, decides who wins a balanced tape.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
Nearby ZIP codes in Putnam
| Market | Median | Active | Score | |
|---|---|---|---|---|
| 32666 ← this page | $375K | 32 | 54 | |
| 31024 | $393K | 73 | 43 | Open → |
| 32189 | $185K | 16 | 38 | Open → |
| 32177 | $249K | 15 | 51 | Open → |
| 32640 | $280K | 5 | 39 | Open → |
Neighborhoods on the move
| Lake MandarinJacksonville | $375K | 32 |
| Lake MandarinJacksonville | $375K | 27 days |
Cities in this ZIP
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in 32666 right now?
The data says conditions currently favor neither side decisively in 32666 — the Momentum Score reads 54/100 with 6.5 months of supply. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Which 32666 neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are Lake Mandarin (27 days) — homes there go under contract well ahead of the market-wide pace of 38 days.
32666 (Melrose) housing market FAQ
How is the housing market in 32666 right now?
As of October 26, 2026, the 32666 housing market is roughly balanced: the median sale price is $375,000, 32 homes are for sale against 62 sales in the last 12 months, which is 6.5 months of supply, and the typical home goes under contract in about 38 days.
How much is a house in 32666?
The median home sold for $375,000 in 32666 over the last 12 months, about $223 per square foot; asking prices on the 32 current listings run from well below to well above that, and the community pages linked below show what each neighborhood actually sells for.
Is it a good time to sell a house in 32666?
By the numbers, sellers in 32666 are getting 95.0% of asking price and going under contract in about 38 days with 6.5 months of supply. Under four months of supply generally favors sellers; over six favors buyers. Whether it is a good time for you depends on what you paid and where you are going next, which is a conversation with an agent, not a chart.
What is the median home price in 32666?
The median sale price in 32666 is currently $375,000, based on MLS sales data updated October 26, 2026.
Is 32666 a buyer's or seller's market right now?
The data currently is roughly balanced. 32666 scores 54 of 100 on the Momentum Score, with 6.5 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in 32666?
The typical home in 32666 goes under contract in about 38 days, per current MLS data.
How many homes are for sale in 32666?
There are approximately 32 active listings in 32666 as of October 26, 2026.
Momentum agents use this intelligence every day to price listings and write winning offers across 32666 (Melrose). Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: October 26, 2026 at 10:07 AM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.