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.

10724 LARIAT Lane, Jacksonville, FL 32257 (MLS# 1120728)

10724 LARIAT Lane, Jacksonville, FL 32257

$285,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,366 Status: Closed

Current Price: $285,000 List Date: 7/15/2021 Last Modified: 10/23/2026

Overview

Description

Affordable housing starts here! Fantastic heart of Mandarin Station location, clean and move-in ready home on a great, low traffic street, friendly neighbors and close to excellent elementary and middle schools! This one makes it easy, nice floorplan, vaulted ceilings, large rear yard, and a HUGE GARAGE (630 square feet)! All appliances and window treatments convey. No HOA. Blink and you might miss this one.

Listing Details MLS# 1120728

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1366
Living Area Source: Public Records
Year Built: 1983
Lot Size Dimensions: 100 x 108
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From Hood Road and Hornets Nest Rd, take Hornets Nest to Clydesdale Dr go left, to Thoroughbred Blvd go left, to Lariat lane go left to home on left.
Public Remarks: Affordable housing starts here! Fantastic heart of Mandarin Station location, clean and move-in ready home on a great, low traffic street, friendly neighbors and close to excellent elementary and middle schools! This one makes it easy, nice floorplan, vaulted ceilings, large rear yard, and a HUGE GARAGE (630 square feet)! All appliances and window treatments convey. No HOA. Blink and you might miss this one.
List Price/SqFt: 200.59
Sold Price/SqFt: 208.64

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Interior Features: Breakfast Bar Cooling: Central Air Heating: Central Water Source: Public Pool Features: None Roof: Shingle Parking Features: Attached; Garage Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2021-07-15

Location Tax and Legal

Street Number: 10724
Street Name: LARIAT
Street Suffix: Lane
County: Duval
State: FL
Postal Code: 32257
MLS Area Major: 013-Beauclerc/Mandarin North
Subdivision Name: Hunters Point

Status Change Information

Major Change Timestamp: 2021-08-30T14:24:48Z
Major Change Type: Status Change
Purchase Contract Date: 2021-08-15
Close Date: 2021-08-23
Close Price: 285000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Kitchen-Solid Surface Countertops: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Dining-Living/Dining Combo: Y, Oversize Garage/Storage: Y

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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