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.

1020 PENMAN Road, Jacksonville Beach, FL 32250 (MLS# 1109126)

1020 PENMAN Road, Jacksonville Beach, FL 32250

$520,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,192 Status: Closed

Current Price: $520,000 List Date: 5/13/2021 Last Modified: 2/08/2025

Overview

Description

The beach house you have been waiting for! This beautiful home offers 4 bedrooms, 2 ½ bathrooms. The spacious, bright and open main level is great for entertaining. Bamboo flooring throughout on the first floor. Large kitchen with an oversized island and stainless steel appliances. The covered lanai can be accessed from the living and dining room. After your day at the beach enjoy your evening on the lanai in your private, fenced backyard. Upstairs you will find the owners suite with a stand up tiled shower and double sinks, three additional bedrooms, guest bathroom with shower/tub combo, and the laundry room. Located just minutes to the beach, restaurants, shopping, boat ramps and so much more.

Listing Details MLS# 1109126

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2192
Living Area Source: Public Records
Year Built: 2014
Association YN: No
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From Beach Blvd take Penman Rd North. Home will be on the left side after 9th Ave N.
Public Remarks: The beach house you have been waiting for! This beautiful home offers 4 bedrooms, 2 ½ bathrooms. The spacious, bright and open main level is great for entertaining. Bamboo flooring throughout on the first floor. Large kitchen with an oversized island and stainless steel appliances. The covered lanai can be accessed from the living and dining room. After your day at the beach enjoy your evening on the lanai in your private, fenced backyard. Upstairs you will find the owners suite with a stand up tiled shower and double sinks, three additional bedrooms, guest bathroom with shower/tub combo, and the laundry room. Located just minutes to the beach, restaurants, shopping, boat ramps and so much more.
List Price/SqFt: 239.51
Sold Price/SqFt: 237.23

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Microwave; Refrigerator Interior Features: Breakfast Bar; Pantry; Primary Bathroom - Shower No Tub; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Pool Features: None Roof: Shingle Parking Features: Attached; Garage Fencing: Back Yard Current Use: Residential Possession: Negotiable

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2021-05-07

Location Tax and Legal

Street Number: 1020
Street Name: PENMAN
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32250
MLS Area Major: 213-Jacksonville Beach-NW
Subdivision Name: Jacksonville Beach

Status Change Information

Major Change Timestamp: 2021-06-25T02:27:43Z
Major Change Type: Status Change
Purchase Contract Date: 2021-06-17
Close Date: 2021-06-24
Close Price: 520000

More Information

Room Information

Room Name
Utility Room

Documents

SPD ›

Listing Office: UNITED REAL ESTATE GALLERY

Last Updated: February - 08 - 2025

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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