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.

111 W 11TH Street, Jacksonville, FL 32206 (MLS# 1109187)

111 W 11TH Street, Jacksonville, FL 32206

$90,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,670 Status: Closed

Current Price: $90,000 List Date: 5/10/2021 Last Modified: 10/23/2026

Overview

Description

Bungalow with three electric meters. Was laid out as a triplex with 1/1s with a front and rear entry door for each. Could also be converted into one larger home. Located on a great street in Springfield. Home does need significant roof and floor repair from tree damage. Within SPAR Historic District. Investor special, being sold AS IS, CASH/Hard $$ only. Seller also offers three other homes in Jacksonville. Nice street with plenty of comps to support pricing and renovations. 1 of 4 props in a portfolio. Text listing agent for more info.

Listing Details MLS# 1109187

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 1670
Living Area Source: Public Records
Year Built: 1922
Association YN: No
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: On West 11th Street between Laura Street and Silver Street.
Public Remarks: Bungalow with three electric meters. Was laid out as a triplex with 1/1s with a front and rear entry door for each. Could also be converted into one larger home. Located on a great street in Springfield. Home does need significant roof and floor repair from tree damage. Within SPAR Historic District. Investor special, being sold AS IS, CASH/Hard $$ only. Seller also offers three other homes in Jacksonville. Nice street with plenty of comps to support pricing and renovations. 1 of 4 props in a portfolio. Text listing agent for more info.
List Price/SqFt: 53.29
Sold Price/SqFt: 53.89

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Flat; Other Cooling: None Heating: None Water Source: Public Sewer: Public Sewer Pool Features: None Parking Features: Other Lot Features: Historic Area Current Use: Residential Possession: Negotiable Listing Terms: Cash

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2021-05-10

Location Tax and Legal

Street Number: 111
Street Direction Prefix: W
Street Name: 11TH
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32206
MLS Area Major: 072-Springfield
Subdivision Name: Springfield

Status Change Information

Major Change Timestamp: 2021-07-26T14:30:29Z
Major Change Type: Status Change
Purchase Contract Date: 2021-06-14
Close Date: 2021-07-23
Close Price: 90000

More Information

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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