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.

1173 FROMAGE Circle E, Jacksonville, FL 32225 (MLS# 1207540)

1173 FROMAGE Circle E, Jacksonville, FL 32225

$205,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,999 Status: Closed

Current Price: $205,000 List Date: 2/18/2023 Last Modified: 10/27/2026

Overview

Description

***New HVAC(Installed 7/2022) This home is a fixer upper and will need some work.

Listing Details MLS# 1207540

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1999
Living Area Source: Measured
Year Built: 1986
Association YN: Yes
Association Fee: 331.34
Association Fee Frequency: Annually
Association Name: The CAM Team, INC
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: Take 295 north to exit 47( monument road to naval station Mayport) turn left on monument take monument to Lee rd and make a right. Turn left on Brookwood Forest Blvd, then right on E Fromage Circle.
Public Remarks: ***New HVAC(Installed 7/2022) This home is a fixer upper and will need some work.
List Price/SqFt: 106.05
Sold Price/SqFt: 102.55

Property Features

Approx Parcel Size: Less than .25 Acre Interior Features: Split Bedrooms Cooling: Central Air Heating: Central Water Source: Public Spa Features: Private Parking Features: Assigned Fencing: Fenced; Full; Wood Current Use: Residential; Single Family Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2023-01-07

Location Tax and Legal

Street Number: 1173
Street Name: FROMAGE
Street Suffix: Circle
Street Direction Suffix: E
County: Duval
State: FL
Postal Code: 32225
MLS Area Major: 042-Ft Caroline
Subdivision Name: Brookwood Forest

Status Change Information

Major Change Timestamp: 2023-11-17T17:46:33Z
Major Change Type: Price Reduced
Price Change Timestamp: 2023-02-14T14:40:48Z
Purchase Contract Date: 2023-02-17
Close Date: 2023-03-10
Close Price: 205000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Dining-Kitchen/Family Combo: Y
Public Historical Remarks 2: Dining-Living/Dining Combo: Y

Room Information

Room Name
Utility Room

Listing Office: OCCUPY REAL ESTATE GROUP, LLC.

Last Updated: October - 27 - 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