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.

1172 KRISTEN, Jacksonville, FL 32221 (MLS# 1220627)

1172 KRISTEN, Jacksonville, FL 32221

$285,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,778 Status: Closed

Current Price: $285,000 List Date: 4/06/2023 Last Modified: 10/22/2026

Overview

Description

Come see this move in ready home today! New paint, light fixtures, and carpet. This home sits on a cut-de-sac, and has plenty of privacy being on a corner lot. The home has a 2 car garage and a dining/ living room open to each other to create a more modern floor plan. Come this home before its gone!

Listing Details MLS# 1220627

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1778
Living Area Source: Public Records
Year Built: 1972
Association YN: No
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Entry Level: Yes
Directions: Heading W on I-10 exit 355 Hammond Blvd, take a L at the light. Continue then L on Lenox Ave., 1.4 miles take a L onto Palisades Dr, then L onto Knoll Drive S. Your destination will be .3 miles on R.
Public Remarks: Come see this move in ready home today! New paint, light fixtures, and carpet. This home sits on a cut-de-sac, and has plenty of privacy being on a corner lot. The home has a 2 car garage and a dining/ living room open to each other to create a more modern floor plan. Come this home before its gone!
List Price/SqFt: 166.47
Sold Price/SqFt: 160.29

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Flat; Traditional Appliances: Electric Range; Electric Water Heater; Refrigerator Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Brick; Frame Pool Features: None Roof: Shingle Parking Features: Additional Parking Fencing: Back Yard; Fenced; Full Current Use: Residential; Single Family Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2023-04-06

Location Tax and Legal

Street Number: 1172
Street Name: KRISTEN
County: Duval
State: FL
Postal Code: 32221
MLS Area Major: 062-Crystal Springs/Country Creek Area
Subdivision Name: Rolling Hills

Status Change Information

Major Change Timestamp: 2023-11-17T21:40:12Z
Major Change Type: Price Reduced
Price Change Timestamp: 2023-05-11T15:03:50Z
Purchase Contract Date: 2023-05-19
Close Date: 2023-06-01
Close Price: 285000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 1: Utilities-Separate Irrigation Meter: Y

Listing Office: ROUND TABLE REALTY

Last Updated: October - 22 - 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