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.

11947 PEQUOTS Lane, Jacksonville, FL 32246 (MLS# 2167541)

11947 PEQUOTS Lane, Jacksonville, FL 32246

$1,750

Property Type: Residential Lease Bedrooms: 3 Baths: 2 Square Footage: 1,256 Lot Size (sq. ft.): 7,405 Status: Pending

Current Price: $1,750 List Date: 10/02/2026 Last Modified: 11/03/2026

Overview

Description

Three bedroom, brick home with single care garage and LARGE fenced yard! Entry leads to living room with a formal dining space. Kitchen overlooks a breakfast area and leads to the large, fenced yard. All bedrooms down hallway- one primary with ensuite, two other great size rooms. All bedrooms are carpeted with vinyl plank throughout main areas of home and tile in kitchen. Close location to 295, St. Johns Town Center, and the Beaches.

Listing Details MLS# 2167541

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1256
Living Area Source: Public Records
Year Built: 1988
Lot Size Acres: 0.17
Association YN: No
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Waterfront YN: No
Stories Total: Yes
Senior Community YN: No
Directions: From St. Johns Bluff, turn onto Alden Rd, then left onto Alden Trace and right onto Pequots.
Public Remarks: Three bedroom, brick home with single care garage and LARGE fenced yard! Entry leads to living room with a formal dining space. Kitchen overlooks a breakfast area and leads to the large, fenced yard. All bedrooms down hallway- one primary with ensuite, two other great size rooms. All bedrooms are carpeted with vinyl plank throughout main areas of home and tile in kitchen. Close location to 295, St. Johns Town Center, and the Beaches.
List Price/SqFt: 1.39

Property Features

Appliances: Electric Range; Refrigerator Interior Features: Ceiling Fan(s); Eat-in Kitchen Water Source: Public Parking Features: Garage; Off Street Utilities: Electricity Available; Water Available Cooling: Electric Heating: Electric Additional Fee Includes: Lease Prep Tenant Pays: All Utilities Pets Allowed: Cats OK; Dogs OK

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2026-10-02
Lease Term: 12 Months
Availability Date: 2026-10-15

Location Tax and Legal

Street Number: 11947
Street Name: PEQUOTS
Street Suffix: Lane
State: FL
County: Duval
Postal Code: 32246
MLS Area Major: 023-Southside-East Of Southside Blvd
Subdivision Name: Alden Trace

Status Change Information

Major Change Timestamp: 2026-11-03T11:39:24Z
Major Change Type: Status Change
Purchase Contract Date: 2026-11-03

Deposits and Fees

Additional Fee: 150
Application Fee: 75
Pet Fee/Deposit: 300
Security Deposit: 1750

More Information

Documents

Getting Your Applicants Approved ›

Rental Criteria ›

Renting a Home with N2N ›

Sample Lease ›

Listing Office: NAVY TO NAVY HOMES LLC

Last Updated: November - 03 - 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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