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.

1124 ELM Street, Orange Park, FL 32073 (MLS# 2055128)

1124 ELM Street, Orange Park, FL 32073

$1,700

Virtual Tour

https://my.matterport.com/show/?m=CJugf3Bdk8k

Property Type: Residential Lease Bedrooms: 3 Baths: 2 Square Footage: 1,404 Lot Size (sq. ft.): 12,197 Status: Closed

Current Price: $1,700 List Date: 11/05/2024 Last Modified: 2/02/2026

Overview

Description

*** Move In Special $300 off first months rent *** Home located in the town of Orange Park. This lovely property features 3 bedrooms and 2 bathrooms, making it perfect for families or individuals seeking comfort. With its prime location, you'll enjoy easy access to local schools, parks, shopping, and schools. With large driveway, brand new tyles, freshly painted, also with a large patio great for barbeque and family gathers. Pets are allowed.

Listing Details MLS# 2055128

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1404
Living Area Source: Public Records
Year Built: 1968
Lot Size Acres: 0.28
Association YN: No
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: Yes
Senior Community YN: No
Directions: via Kingsley Ave and Grove Park Dr. Head north on Park Ave toward Stowe Ave. Use the left 2 lanes to turn left onto Kingsley Ave. Turn right onto Grove Park Dr. Turn left onto Gano Ave. Turn right onto Grove Park Dr. Turn left onto Elm St. Destination will be on the left
Public Remarks: *** Move In Special $300 off first months rent *** Home located in the town of Orange Park. This lovely property features 3 bedrooms and 2 bathrooms, making it perfect for families or individuals seeking comfort. With its prime location, you'll enjoy easy access to local schools, parks, shopping, and schools. With large driveway, brand new tyles, freshly painted, also with a large patio great for barbeque and family gathers. Pets are allowed.
List Price/SqFt: 1.21
Sold Price/SqFt: 1.21

Property Features

Additional Lease Terms: 12 Months Owner Pays: None Architectural Style: Other Levels: One Appliances: Convection Oven; Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Oven; Freezer; Microwave; Refrigerator; Washer Interior Features: Kitchen Island Patio And Porch Features: Front Porch; Porch Association Amenities: None Water Source: Public Parking Features: Garage Sewer: Public Sewer Fencing: Back Yard Utilities: Electricity Available; Natural Gas Not Available; Water Available; Water Connected Cooling: Central Air Heating: Heat Pump Rent Includes: None Tenant Pays: All Utilities Pets Allowed: Yes; Breed Restrictions; Cats OK; Dogs OK Contingency Reason: Waiting for Signatures Room Types: Bathroom 1; Bathroom 2; Bedroom 1; Bedroom 2; Bedroom 3

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2024-11-05
Lease Term: 12 Months

Location Tax and Legal

Street Number: 1124
Street Name: ELM
Street Suffix: Street
State: FL
County: Clay
Postal Code: 32073
MLS Area Major: 132-Bellair/Grove Park
Subdivision Name: Grove Park

Status Change Information

Major Change Timestamp: 2024-12-30T15:35:45Z
Major Change Type: Status Change
Price Change Timestamp: 2024-12-14T01:30:27Z
Purchase Contract Date: 2024-12-23
Close Date: 2024-12-28
Close Price: 1700

Deposits and Fees

Application Fee: 75

More Information

Room Types

Bedroom 1 Level: First
Bedroom 2 Level: First
Bedroom 3 Level: First

Room Information

Room Name	Level
Bedroom 1	First
Bedroom 2	First
Bedroom 3	First
Bathroom 1
Bathroom 2

Listing Office: COOL REALTY LLC

Last Updated: February - 02 - 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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