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.

1149 W 12TH Street, Jacksonville, FL 32209 (MLS# 2172069)

1149 W 12TH Street, Jacksonville, FL 32209

New Listing

$60,000

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,136 Lot Size (sq. ft.): 6,098 Status: Active

Current Price: $60,000 List Date: 11/03/2026 Last Modified: 11/03/2026

Overview

Description

Great opportunity for investors and renovators! This single-story home offers 3 bedrooms, 1 bathroom, and approximately 1,136 sq ft of living space on a 6,098 sq ft lot. A partial rehab has already been started by the prior owner, giving the next buyer a head start. Public water and sewer connected. The home has no central heating or cooling and no appliances, so the buyer can finish the updates to their own vision. A solid candidate for a flip or a long-term rental. Sold AS IS.

Listing Details MLS# 2172069

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 1136
Living Area Source: Public Records
Year Built: 1940
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.14
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: I-95 S Use the right lane to turn slightly right to stay on I-95 S Take exit 353D toward 8th St Slight right to merge onto 8th St W Take Payne Ave to W 12th St Merge onto 8th St W Turn right onto Payne Ave Turn left onto W 12th St
Public Remarks: Great opportunity for investors and renovators! This single-story home offers 3 bedrooms, 1 bathroom, and approximately 1,136 sq ft of living space on a 6,098 sq ft lot. A partial rehab has already been started by the prior owner, giving the next buyer a head start. Public water and sewer connected. The home has no central heating or cooling and no appliances, so the buyer can finish the updates to their own vision. A solid candidate for a flip or a long-term rental. Sold AS IS.
List Price/SqFt: 52.82

Property Features

Appliances: None Utilities: Electricity Available Cooling: None Heating: None Water Source: Public Sewer: Public Sewer Parking Features: On Street Current Use: Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-11-03

Location Tax and Legal

Street Number: 1149
Street Direction Prefix: W
Street Name: 12TH
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32209
MLS Area Major: 075-Trout River/College Park/Ribault Manor
Subdivision Name: Durkeeville

Status Change Information

Major Change Timestamp: 2026-11-03T15:20:58Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: FLATFLEE.COM INC

Last Updated: November - 03 - 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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