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 FORBES Street, Jacksonville, FL 32205 (MLS# 1200594)

0 FORBES Street, Jacksonville, FL 32205

$75,000

Property Type: Land Lot Size (sq. ft.): 5,227 Status: Closed

Current Price: $75,000 List Date: 11/14/2022 Last Modified: 10/23/2026

Overview

Description

VACANT LOT IN AVONDALE, Jacksonville's hottest neighborhood.! Perfect location for your home or investment property. Great price for one of Jacksonville's most walkable neighborhoods. Excellent RMD-B Zoning in place. Lot is mostly clear, ready for builder/investor/owner occupant. All utilities (JEA, COJ, TECO Peoples gas) serve this site! With so many things to do, such as the Riverside Arts Market, Cummer Museum, Memorial & Riverside Park, Five Points, Bold City Brewery, Roof Top Bars and SO MUCH MORE! Buyer to confirm suitability.

Listing Details MLS# 1200594

General Property Information

Lot Size Acres: 0.12
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: From Park St and Willowbranch, go West on Willowbranch to Forbes Street, turn left to lot and at end of street on right.
Public Remarks: VACANT LOT IN AVONDALE, Jacksonville's hottest neighborhood.! Perfect location for your home or investment property. Great price for one of Jacksonville's most walkable neighborhoods. Excellent RMD-B Zoning in place. Lot is mostly clear, ready for builder/investor/owner occupant. All utilities (JEA, COJ, TECO Peoples gas) serve this site! With so many things to do, such as the Riverside Arts Market, Cummer Museum, Memorial & Riverside Park, Five Points, Bold City Brewery, Roof Top Bars and SO MUCH MORE! Buyer to confirm suitability.
List Price/Acre: 750000
Sold Price/Acre: 625000

Property Features

Current Use: Multi-Family; Single Family Lot Features: Historic Area; Irregular Lot Sewer: Public Sewer Utilities: Natural Gas Available; Sewer Not Available; Water Not Available Water Source: Public Road Surface Type: Asphalt Listing Terms: Cash Possession: Negotiable

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2022-11-03

Location Tax and Legal

Street Name: FORBES
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 032-Avondale
Subdivision Name: Riverside

Status Change Information

Major Change Timestamp: 2023-01-14T15:29:44Z
Major Change Type: Status Change
Purchase Contract Date: 2023-01-09
Close Date: 2023-01-11
Close Price: 75000

Historical Information

Public Historical Remarks 1: Possible Financing-1031 Exchange: Y, Restrict/Rquirmnts: Mobile Hme Not Allwd
Public Historical Remarks 2: Fencing-Fenced Partial: Y, Lot Location-Urban/City: Y, Assessments: No Assessments
Public Historical Remarks 3: Current Zoning: RMD-B

More Information

Documents

Survey, shed has been removed ›

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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