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.

1122 WOLFE Street, Jacksonville, FL 32205 (MLS# 1125573)

1122 WOLFE Street, Jacksonville, FL 32205

$240,000

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,246 Status: Closed

Current Price: $240,000 List Date: 8/12/2021 Last Modified: 10/23/2026

Overview

Description

The quintessential Murray Hill bungalow! Classic layout, charming home in excellent location. A short walk or bike down to the Murray Hill business district. Hardwood floors, original trim in place, nice original built ins. Big lot, off street parking, surprisingly spacious, and room to make it your own. Murray Hill is home to some of the best values in Northeast Florida real estate. Come see this great house and make it yours!

Listing Details MLS# 1125573

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 1246
Living Area Source: Public Records
Year Built: 1929
Lot Size Dimensions: 50 x 160
Association YN: No
Association Fee Frequency: One Time
Association Fee 2 Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: Take Edgewood Ave to Trask Street, follow Trask St 4 blocks to Wolfe, turn left to 2nd house on left
Public Remarks: The quintessential Murray Hill bungalow! Classic layout, charming home in excellent location. A short walk or bike down to the Murray Hill business district. Hardwood floors, original trim in place, nice original built ins. Big lot, off street parking, surprisingly spacious, and room to make it your own. Murray Hill is home to some of the best values in Northeast Florida real estate. Come see this great house and make it yours!
List Price/SqFt: 196.63
Sold Price/SqFt: 192.62

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Other Appliances: Electric Range; Electric Water Heater; Refrigerator Interior Features: Built-in Features Flooring: Wood Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Frame; Other Pool Features: None Roof: Shingle Parking Features: Other Fencing: Back Yard Current Use: Residential Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2021-08-12

Location Tax and Legal

Street Number: 1122
Street Name: WOLFE
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 051-Murray Hill
Subdivision Name: Murray Hill

Status Change Information

Major Change Timestamp: 2023-11-17T04:06:10Z
Major Change Type: Price Change
Price Change Timestamp: 2021-08-27T13:38:42Z
Purchase Contract Date: 2021-09-29
Close Date: 2021-10-12
Close Price: 240000

Historical Information

Public Historical Remarks 2: Dining-Living/Dining Combo: Y, Interior Amenities-Ceiling 8+ Ft.: Y

More Information

Documents

Survey ›

Lead Based Paint ›

Sellers Disclosure ›

Listing Office: INI REALTY

Last Updated: October - 23 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare