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.

1161 ELM Street, Orange Park, FL 32073 (MLS# 1160521)

1161 ELM Street, Orange Park, FL 32073

$325,000

Virtual Tour

https://imoto.com/tour/u/1161-elm-street-florida-orange-park

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,698 Status: Closed

Current Price: $325,000 List Date: 4/01/2022 Last Modified: 4/17/2026

Overview

Description

Come see this all brick POOL home in the heart of Orange Park. This home has a Great Layout with plenty of room to Entertain. Home has been Freshly Painted, has New Flooring in bedrooms, New Gutters and New Architectural Shingle Roof (Feb 22) and freshly laid Sod with Irrigation. You won't want to miss this home. Close to hospitals, parks, schools, shopping, NAS JAX.

Listing Details MLS# 1160521

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1698
Living Area Source: Appraiser
Year Built: 1968
Association YN: No
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From I-295 take Hwy 17S to R on Kingsley to R on Grove Park Drive to L on Elm Street. Home on the Right
Public Remarks: Come see this all brick POOL home in the heart of Orange Park. This home has a Great Layout with plenty of room to Entertain. Home has been Freshly Painted, has New Flooring in bedrooms, New Gutters and New Architectural Shingle Roof (Feb 22) and freshly laid Sod with Irrigation. You won't want to miss this home. Close to hospitals, parks, schools, shopping, NAS JAX.
List Price/SqFt: 191.4
Sold Price/SqFt: 191.4

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Ranch Appliances: Dishwasher; Electric Range; Electric Water Heater; Microwave; Refrigerator Interior Features: Breakfast Nook; Primary Bathroom - Shower No Tub Flooring: Laminate; Tile; Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Other Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Green Energy Efficient: Doors Construction Materials: Brick; Frame Patio And Porch Features: Porch Pool Features: In Ground; Screen Enclosure Roof: Shingle Lot Features: Sprinklers In Front; Sprinklers In Rear Fencing: Back Yard Current Use: Residential; Single Family Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2022-03-29

Location Tax and Legal

Street Number: 1161
Street Name: ELM
Street Suffix: Street
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 132-Bellair/Grove Park
Subdivision Name: Grove Park

Status Change Information

Major Change Timestamp: 2022-05-02T19:46:39Z
Major Change Type: Status Change
Purchase Contract Date: 2022-04-17
Close Date: 2022-05-02
Close Price: 325000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Suburban Lot Location: Y
Public Historical Remarks 2: Glass Room: Y, Energy Features-Ceiling Fan(s): Y, Interior Amenities-Sliding Glass Door(s): Y, Interior Amenities-Greenhouse Window(s): Y

Room Information

Room Name
Living Room
Family Room
Utility Room

Documents

Seller's Disclosure ›

Lead Based Paint ›

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: April - 17 - 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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