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.

1188 GANO Avenue 116, Orange Park, FL 32073 (MLS# 2058791)

1188 GANO Avenue 116, Orange Park, FL 32073

$147,500

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,015 Lot Size (sq. ft.): 436 Status: Closed

Current Price: $147,500 List Date: 5/03/2025 Last Modified: 12/17/2025

Overview

Description

For Sale! This beautiful 2-bedroom, 2-bathroom condo is perfect for those seeking comfort and convenience. It features a remodeled bathroom on the first floor with its bedroom, and another bedroom with a bathroom on the second floor. Additionally, it boasts a front porch, perfect for relaxing. Located near the Orange Park Mall, hospitals, shopping centers, and major roads. Schedule your visit today!

Listing Details MLS# 2058791

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1015
Living Area Source: Appraiser
Year Built: 1985
Lot Size Acres: 0.01
Association YN: Yes
Association Fee: 355
Association Fee Frequency: Monthly
Association Name: The Oaks
Association Phone: 904-298-2321
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Stories Total: 2
Entry Level: Yes
Senior Community YN: No
Directions: From I295, take Roosevelt Blvd ex (US17) South. Turn right on Kingsley. Turn right on Grove Park. Take a left on Gano. Community entrance is 1st left & condo is corner unit behind mailboxes.
Public Remarks: For Sale! This beautiful 2-bedroom, 2-bathroom condo is perfect for those seeking comfort and convenience. It features a remodeled bathroom on the first floor with its bedroom, and another bedroom with a bathroom on the second floor. Additionally, it boasts a front porch, perfect for relaxing. Located near the Orange Park Mall, hospitals, shopping centers, and major roads. Schedule your visit today!
List Price/SqFt: 152.61
Sold Price/SqFt: 145.32

Property Features

Levels: Two Appliances: Dishwasher; Dryer; Electric Oven; Electric Water Heater; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Ceiling Fan(s); Primary Bathroom - Shower No Tub Flooring: Carpet; Tile Laundry Features: In Unit Utilities: Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Construction Materials: Wood Siding Patio And Porch Features: Porch; Screened Roof: Shingle Parking Features: Parking Lot Lot Features: Corner Lot Current Use: Residential Association Amenities: Community Pool Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; VA Loan

Contract Information

Property Sub Type: Condominium
Listing Contract Date: 2024-11-28

Location Tax and Legal

Street Number: 1188
Street Name: GANO
Street Suffix: Avenue
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 132-Bellair/Grove Park
Subdivision Name: The Oaks

Status Change Information

Major Change Timestamp: 2025-05-29T17:28:28Z
Major Change Type: Status Change
Purchase Contract Date: 2025-04-14
Close Date: 2025-05-28
Close Price: 147500

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Listing Office: WATSON REALTY CORP

Last Updated: December - 17 - 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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