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.

1126 PENMAN Road, Jacksonville Beach, FL 32250 (MLS# 2151246)

1126 PENMAN Road, Jacksonville Beach, FL 32250

$560,000

Virtual Tour

https://show.tours/e/tNGt9cP

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,123 Status: Closed

Current Price: $560,000 List Date: 6/24/2026 Last Modified: 11/03/2026

Overview

Description

Your Coastal Retreat Awaits! Welcome home to this beautifully maintained, like-new residence built in 2014, offering the perfect blend of comfort, style, & location. Featuring 4 beds, 2 baths, 2,072 sq feet of living space, & an attached 2-car garage. This move-in-ready home has been thoughtfully updated w/ brand-new flooring throughout & fresh interior & exterior paint. The beautifully appointed kitchen is the heart of the home & has been recently updated, showcasing white full-overlay cabinetry, granite countertops, a classic subway tile backsplash, recessed lighting, a breakfast bar island, & brand-new SS appliances. The spacious primary suite showcases beautiful trey ceilings & provides a relaxing ensuite retreat w/ a dual-sink vanity, walk-in shower & an oversized walk-in closet. Step outside to enjoy the covered patio overlooking the fenced backyard - perfect for entertaining, relaxing or enjoying the Florida sunshine. Ideally located near Jacksonville's Beaches...

Supplements: .. the Atlantic Ocean, scenic nature preserves and an abundance of popular restaurants, boutiques, & entertainment, this home offers the coastal lifestyle you've been dreaming of in one of Northeast Florida's most desirable areas. Schedule a showing today! [Recommended Lender will provide up to 1% of the loan amount towards closing costs, prepa ... (Read more)

Listing Details MLS# 2151246

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2123
Living Area Source: Public Records
Year Built: 2014
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Senior Community YN: No
Directions: Driving east on Beach Blvd, Left on Penman Rd
Public Remarks: Your Coastal Retreat Awaits! Welcome home to this beautifully maintained, like-new residence built in 2014, offering the perfect blend of comfort, style, & location. Featuring 4 beds, 2 baths, 2,072 sq feet of living space, & an attached 2-car garage. This move-in-ready home has been thoughtfully updated w/ brand-new flooring throughout & fresh interior & exterior paint. The beautifully appointed kitchen is the heart of the home & has been recently updated, showcasing white full-overlay cabinetry, granite countertops, a classic subway tile backsplash, recessed lighting, a breakfast bar island, & brand-new SS appliances. The spacious primary suite showcases beautiful trey ceilings & provides a relaxing ensuite retreat w/ a dual-sink vanity, walk-in shower & an oversized walk-in closet. Step outside to enjoy the covered patio overlooking the fenced backyard - perfect for entertaining, relaxing or enjoying the Florida sunshine. Ideally located near Jacksonville's Beaches...
List Price/SqFt: 282.57
Sold Price/SqFt: 263.78

Property Features

Architectural Style: Traditional Levels: Two Property Condition: Updated/Remodeled Appliances: Dishwasher; Electric Range; Electric Water Heater; Microwave; Refrigerator Interior Features: Breakfast Bar; Ceiling Fan(s); Entrance Foyer; Kitchen Island; Pantry; Walk-In Closet(s) Flooring: Carpet; Laminate Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Fiber Cement; Frame Patio And Porch Features: Patio Roof: Shingle Parking Features: Attached; Garage Fencing: Back Yard Current Use: Residential; Single Family Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow; Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Appraisal; Financing; Inspection; Lender Approval