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.

10961 BURNT MILL Road 438, Jacksonville, FL 32256 (MLS# 2158699)

10961 BURNT MILL Road 438, Jacksonville, FL 32256

$1,450

Property Type: Residential Lease Bedrooms: 2 Baths: 2 Square Footage: 1,163 Lot Size (sq. ft.): 871 Status: Active

Current Price: $1,450 List Date: 8/05/2026 Last Modified: 11/04/2026

Overview

Description

Welcome home to this beautifully maintained home in a desirable gated community! Featuring luxury vinyl plank flooring in the main living areas, plush carpet in the bedrooms, and a bright open floor plan, this home blends comfort and style. The modern kitchen offers stainless steel appliances, ample cabinet space, and flows seamlessly into the dining and living areas. The spacious primary suite includes a walk-in closet and private bath with a walk-in shower. Enjoy your morning coffee or unwind on the private patio. Additional features include ceiling fans throughout and generous storage. Community amenities include a clubhouse, resort-style pool, fitness center, and playground. Conveniently located near shopping, dining, and major commuter routes, this home offers the best of comfortable Florida living.

Listing Details MLS# 2158699

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Unit Type: Other
Living Area: 1163
Living Area Source: Appraiser
Year Built: 2001
Lot Size Acres: 0.02
Association YN: No
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Stories Total: 3
Senior Community YN: No
Directions: Head south on I-295 S Use the right lane to take exit 54 for Gate Parkway Use the 2nd from the right lane to turn slightly right to merge onto Gate Pkwy Continue on Burnt Mill Rd to your destination
Public Remarks: Welcome home to this beautifully maintained home in a desirable gated community! Featuring luxury vinyl plank flooring in the main living areas, plush carpet in the bedrooms, and a bright open floor plan, this home blends comfort and style. The modern kitchen offers stainless steel appliances, ample cabinet space, and flows seamlessly into the dining and living areas. The spacious primary suite includes a walk-in closet and private bath with a walk-in shower. Enjoy your morning coffee or unwind on the private patio. Additional features include ceiling fans throughout and generous storage. Community amenities include a clubhouse, resort-style pool, fitness center, and playground. Conveniently located near shopping, dining, and major commuter routes, this home offers the best of comfortable Florida living.
List Price/SqFt: 1.25

Property Features

Additional Lease Terms: 12 Months Owner Pays: Association Fees Appliances: Dishwasher; Electric Range; Microwave; Refrigerator Patio And Porch Features: Patio Association Amenities: Clubhouse; Community Pool; Fitness Center; Gated; Playground Water Source: Public Parking Features: Parking Lot Sewer: Public Sewer Utilities: Electricity Available; Water Available Cooling: Central Air Heating: Heat Pump Additional Fee Includes: Lease Prep Tenant Pays: All Utilities Pets Allowed: Yes; Cats OK; Dogs OK

Contract Information

Rental Application URL: https://thetgpm.com/homes-for-rent-jacksonville
Property Sub Type: Condominium
Listing Contract Date: 2026-08-05
Lease Term: 12 Months

Location Tax and Legal

Street Number: 10961
Street Name: BURNT MILL
Street Suffix: Road
State: FL
County: Duval
Postal Code: 32256
MLS Area Major: 024-Baymeadows/Deerwood
Subdivision Name: Reserve At James Island Lc

Status Change Information

Major Change Timestamp: 2026-11-04T15:06:00Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-11-04T15:06:00Z

Deposits and Fees

Additional Fee: 175
Application Fee: 80
Pet Fee/Deposit: 300
Security Deposit: 1495

More Information

Listing Office: TG PROPERTY MANAGEMENT

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.

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