Are Jacksonville home prices expected to drop further?

Nobody can honestly promise a specific direction. Prices are down modestly year over year, not falling sharply, and the market is described as balanced to slightly seller-favoring by most current reporting — not a buyer's market in the way the term usually implies.

How many days does it actually take to buy a house in Jacksonville right now?

It depends heavily on the specific home. Current data shows a real split: well-priced homes in strong areas can go under contract in under two weeks, while others sit for three months or more. The citywide average sits somewhere in between and can be misleading on its own.

Is Jacksonville still a buyer's market or a seller's market?

Most current data puts it close to balanced, with a slight lean toward sellers overall — but this varies meaningfully by neighborhood and price point, which is why a citywide label only tells part of the story.

Should I wait for mortgage rates to drop before buying?

That's a real financial trade-off, not a simple yes or no — rates have actually trended up, not down, through this fall. A monthly-payment conversation based on your actual numbers is more useful than a guess about where rates go next.

0 50TH Street E, Jacksonville, FL 32208 (MLS# 962685)

0 50TH Street E, Jacksonville, FL 32208

$50,000

Property Type: Land Lot Size (sq. ft.): 138,085 Status: Closed

Current Price: $50,000 List Date: 10/17/2018 Last Modified: 10/23/2026

Overview

Description

Fantastic opportunity for Comm Zoned (CCG-2) vacant land on Northside. Just over 3 acres, high and dry and ready for your build out or buy and hold. Priced for immediate sale. You wont see 3 acres in this location at this price. Access from Main and from 50th Street for any possible use! 15,000 cars per day across Main Street in this area. Brand new survey just completed!

Listing Details MLS# 962685

General Property Information

Lot Size Acres: 3.17
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: Just off the corner of Main Street and 50th Street, a large parcel surrounding the old McDonalds site. 3 acres of commercial property.
Public Remarks: Fantastic opportunity for Comm Zoned (CCG-2) vacant land on Northside. Just over 3 acres, high and dry and ready for your build out or buy and hold. Priced for immediate sale. You wont see 3 acres in this location at this price. Access from Main and from 50th Street for any possible use! 15,000 cars per day across Main Street in this area. Brand new survey just completed!
List Price/Acre: 23659.31
Sold Price/Acre: 15772.87

Property Features

Current Use: Commercial Lot Features: Irregular Lot; Wooded Road Surface Type: Asphalt Possession: Negotiable

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2018-10-16

Location Tax and Legal

Street Name: 50TH
Street Suffix: Street
Street Direction Suffix: E
County: Duval
State: FL
Postal Code: 32208
MLS Area Major: 071-Brentwood/Evergreen
Subdivision Name: Sibbald Grant

Status Change Information

Major Change Timestamp: 2019-02-01T17:01:28Z
Major Change Type: Status Change
Purchase Contract Date: 2018-11-30
Close Date: 2019-01-01
Close Price: 50000

Historical Information

Public Historical Remarks 3: Current Zoning: CCG-2

More Information

Documents

Survey ›

Listing Office: INI REALTY

Last Updated: October - 23 - 2026

Information deemed reliable but not guaranteed.

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Zelda Greenberg is a real estate agent affiliated with Legacy Realty Group North Florida, Inc., a licensed real estate brokerage that abides by equal housing opportunity laws. This is not intended to solicit property already listed. All material presented is intended for informational purposes only. Information is compiled from sources that are deemed reliable but subject to price changes, condition, sale, withdrawal, and errors & omissions.

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