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.

10938 OLD PLANK Road, Jacksonville, FL 32220 (MLS# 2031320)

10938 OLD PLANK Road, Jacksonville, FL 32220

$400,000

Virtual Tour

https://www.tourfactory.com/idxr3158498

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,082 Lot Size (sq. ft.): 65,776 Status: Closed

Current Price: $400,000 List Date: 6/26/2024 Last Modified: 10/27/2026

Overview

Description

** ZONED RESIDENTIAL/RURAL ** ACREAGE ** HEATED POOL ** UPDATED **RV/Boat PARKING**Live life your way on this expansive 1.51-acre property! This home offers endless possibilities. Imagine raising animals, running a business, or simply enjoying the peace of the countryside. Relax by the heated pool with a brand-new lanai screen, or unwind by the cozy stone fireplace. The in-law suite with a private entrance provides potential for rental income, while a large workshop with new epoxy flooring and electric is perfect for hobbies or extra storage. Plus, park your RV/Boat with ease and enjoy peace of mind with a brand new septic system (2024) and hot water heater. This meticulously updated property boasts new paint inside and out, new gutters, new kitchen appliances, and much more. Don't miss your chance to own this unique property - schedule a tour today!

Listing Details MLS# 2031320

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2082
Living Area Source: Public Records
Year Built: 1986
Lot Size Acres: 1.51
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Direction Faces: North
Directions: Go West on I-10, exit onto Chaffee Rd and head north. Take a right onto Old Plank Rd and the property will be on your Right.
Public Remarks: ** ZONED RESIDENTIAL/RURAL ** ACREAGE ** HEATED POOL ** UPDATED **RV/Boat PARKING**Live life your way on this expansive 1.51-acre property! This home offers endless possibilities. Imagine raising animals, running a business, or simply enjoying the peace of the countryside. Relax by the heated pool with a brand-new lanai screen, or unwind by the cozy stone fireplace. The in-law suite with a private entrance provides potential for rental income, while a large workshop with new epoxy flooring and electric is perfect for hobbies or extra storage. Plus, park your RV/Boat with ease and enjoy peace of mind with a brand new septic system (2024) and hot water heater. This meticulously updated property boasts new paint inside and out, new gutters, new kitchen appliances, and much more. Don't miss your chance to own this unique property - schedule a tour today!
List Price/SqFt: 192.12
Sold Price/SqFt: 192.12

Property Features

Architectural Style: Ranch Levels: One Rental Restrictions: No Minimum Appliances: Dishwasher; Dryer; Electric Range; Refrigerator; Washer Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Ceiling Fan(s); Entrance Foyer; Primary Bathroom - Tub with Shower; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Tile; Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Cooling: Central Air Heating: Central; Electric; Heat Pump Electric: 200+ Amp Service Water Source: Public Sewer: Septic Tank Security Features: Smoke Detector(s) Construction Materials: Vinyl Siding Other Structures: Shed(s); Workshop Patio And Porch Features: Covered; Rear Porch; Screened Pool Features: In Ground; Heated; Screen Enclosure Roof: Metal Parking Features: Attached; Garage; RV Access/Parking Lot Features: Sprinklers In Front; Sprinklers In Rear; Wooded Fencing: Back Yard; Chain Link; Wood Current Use: Livestock; Residential; Single Family Road Frontage Type: County Road Road Surface Type: Paved Possession: Close Of Escrow Listing Terms: Cash; Conventional Contingency Reason: Appraisal; Financing; Inspection