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.

10000 GATE PKWY N 123, Jacksonville, FL 32246 (MLS# 2166866)

10000 GATE PKWY N 123, Jacksonville, FL 32246

$1,495

Property Type: Residential Lease Bedrooms: 2 Baths: 2 Square Footage: 1,066 Status: Active

Current Price: $1,495 List Date: 9/28/2026 Last Modified: 11/04/2026

Overview

Description

ADORABLE 2ND STORY 2 BEDROOM 2 BATH CONDO IN GATED COMMUNITY. MINUTES TO ST. JOHNS TOWN CENTER WHICH HAS SHOPPING AND DINING. AMENITIES INCLUDE SWIMMING, FITNESS CENTER AND TENNIS.

Listing Details MLS# 2166866

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Unit Type: Interior Unit
Living Area: 1066
Living Area Source: Public Records
Year Built: 2005
Association YN: Yes
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories Total: 2
Senior Community YN: No
Directions: FROM JTB NORTH ON GATE PKWAY TO LEFT INTO SAIL COVE. BUILDING IS ON THE RIGHT.
Public Remarks: ADORABLE 2ND STORY 2 BEDROOM 2 BATH CONDO IN GATED COMMUNITY. MINUTES TO ST. JOHNS TOWN CENTER WHICH HAS SHOPPING AND DINING. AMENITIES INCLUDE SWIMMING, FITNESS CENTER AND TENNIS.
List Price/SqFt: 1.4

Property Features

Additional Lease Terms: 12 Months Owner Pays: Association Fees Levels: One Appliances: Dishwasher; Disposal; Dryer; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Primary Bathroom - Tub with Shower; Walk-In Closet(s) Exterior Features: Balcony Association Amenities: Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Gated; Pickleball; Tennis Court(s) Water Source: Public Parking Features: Additional Parking; Assigned Sewer: Public Sewer Utilities: Cable Available; Electricity Available; Electricity Connected; Sewer Available; Sewer Connected; Water Available; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Road Frontage Type: City Street Tenant Pays: All Utilities; Cable TV; Electricity; Hot Water; Sewer; Telephone; Water Pets Allowed: No

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2026-09-28
Lease Term: 12 Months
Availability Date: 2026-10-01

Location Tax and Legal

Street Number: 10000
Street Name: GATE PKWY
Street Direction Suffix: N
State: FL
County: Duval
Postal Code: 32246
MLS Area Major: 023-Southside-East Of Southside Blvd
Subdivision Name: Sail Cove Town Center

Status Change Information

Major Change Timestamp: 2026-11-04T12:57:06Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-11-04T12:57:06Z

Fireplace Features

Fireplaces Total: Yes

More Information

Deposits and Fees

Application Fee: 100
Security Deposit: 1545

Listing Office: LANDCO PROPERTIES, INC.

Last Updated: November - 04 - 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.