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.

118 S 11TH Avenue, Jacksonville Beach, FL 32250 (MLS# 1096286)

118 S 11TH Avenue, Jacksonville Beach, FL 32250

$577,000

Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 1,604 Status: Closed

Current Price: $577,000 List Date: 2/23/2021 Last Modified: 2/06/2025

Overview

Description

Just steps to the ocean from this oceanside 3 bedroom, 3.5 bath townhome! Relax on the balcony off the living area or the master bedroom balcony with ocean views! Walk to shops & restaurants! Open & airy living area! Attached garage & inside laundry! Each bedroom has its own private bath & a spacious closet! Lots of amenities nearby including parks, tennis, playground, golf course & more! Great opportunity to live at the beach without condo fees or HOA dues!

Listing Details MLS# 1096286

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 1604
Living Area Source: Public Records
Year Built: 2004
Association YN: No
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 3
Entry Level: Yes
Directions: From Butler Blvd, N on 3rd St;E on 11th Ave S to property on R
Public Remarks: Just steps to the ocean from this oceanside 3 bedroom, 3.5 bath townhome! Relax on the balcony off the living area or the master bedroom balcony with ocean views! Walk to shops & restaurants! Open & airy living area! Attached garage & inside laundry! Each bedroom has its own private bath & a spacious closet! Lots of amenities nearby including parks, tennis, playground, golf course & more! Great opportunity to live at the beach without condo fees or HOA dues!
List Price/SqFt: 373.44
Sold Price/SqFt: 359.73

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Microwave; Refrigerator Interior Features: Entrance Foyer; Primary Bathroom - Tub with Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Stucco Exterior Features: Balcony Patio And Porch Features: Patio Pool Features: None Roof: Shingle Parking Features: Attached; Garage Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2021-02-23
Unit Type: Loft

Location Tax and Legal

Street Number: 118
Street Direction Prefix: S
Street Name: 11TH
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32250
MLS Area Major: 212-Jacksonville Beach-SE
Subdivision Name: Pablo Beach South

Status Change Information

Major Change Timestamp: 2021-05-19T02:24:26Z
Major Change Type: Status Change
Purchase Contract Date: 2021-03-23
Close Date: 2021-05-17
Close Price: 577000

Historical Information

Public Historical Remarks 1: Dining-Kitchen/Family Combo: Y
Public Historical Remarks 2: Energy Features-Ceiling Fan(s): Y, Dining-Living/Dining Combo: Y, Interior Amenities-Sliding Glass Door(s): Y

More Information

Room Information

Room Name
Utility Room

Listing Office: ALL SOUTH REALTY, INC.

Last Updated: February - 06 - 2025

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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