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.

1180 BROKEN ARROW S, Orange Park, FL (MLS# 665457)

1180 BROKEN ARROW S, Orange Park, FL

$850

Property Type: Residential Lease Bedrooms: 3 Baths: 2 Square Footage: 1,280 Status: Closed

Current Price: $850 List Date: 5/10/2013 Last Modified: 1/21/2026

Overview

Description

3BR, 2bath home in Tanglewood

Listing Details MLS# 665457

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1280
Living Area Source: Public Records
Year Built: 1977
Association YN: No
Association Fee Frequency: One Time
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: 1180 Broken Arrow Dr
Public Remarks: 3BR, 2bath home in Tanglewood
List Price/SqFt: 0.66
Sold Price/SqFt: 0.66

Property Features

Appliances: Electric Range; Refrigerator Pool Features: None Cooling: Central Air Heating: Central Road Surface Type: Asphalt

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2013-05-10
Lease Term: 12 Months

Location Tax and Legal

Street Number: 1180
Street Name: BROKEN ARROW
Street Direction Suffix: S
State: FL
County: Clay
MLS Area Major: 138-Tanglewood
Subdivision Name: Tanglewood Village

Status Change Information

Major Change Timestamp: 2013-05-10T20:18:26Z
Major Change Type: Status Change
Purchase Contract Date: 2013-05-10
Close Date: 2013-05-10
Close Price: 850

Deposits and Fees

Application Fee: 50
Pet Fee/Deposit: 250
Security Deposit: 850

More Information

Historical Information

Public Historical Remarks 1: Water - Public: Y, Assoc Appl Fee: N, Per Period: 850
Public Historical Remarks 2: Occupancy: Immediate, Sewer - Public: Y, Min Lease/Rent Term: 12 Months
Public Historical Remarks 3: Date Available: Immediate

Listing Office: PERKINS REALTY

Last Updated: January - 21 - 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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