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.

120-122 S 11TH Avenue S, Jacksonville Beach, FL (MLS# 753736)

120-122 S 11TH Avenue S, Jacksonville Beach, FL

$260,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,464 Status: Closed

Current Price: $260,000 List Date: 5/12/2015 Last Modified: 2/25/2026

Overview

Description

Walk to the beach. Located one block from the beach, this multi-family property features 2 units each with 1 bedroom/1 bath, and an extra building has two rooms. Unit 1 is located upstairs and features a kitchen and loft/living area. Unit 2 is located on the ground floor and features a kitchen, living area, one bedroom and one bath. The additional building features one bedroom, loft/living area, partial kitchen, and bathroom with shower only.Fannie Mae HomePath property. Visit HomePath on web for more details. MULTIPLE OFFERS. SUBMIT HIGHEST & BEST IN HOMEPATH BY 6:20 PM ON 05/08/2015.

Listing Details MLS# 753736

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1464
Living Area Source: Public Records
Year Built: 1931
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: South on 3rd to 11th ave s. left to 1st,right on 1st to alley on left 1st left you see is alley, house on left.
Public Remarks: Walk to the beach. Located one block from the beach, this multi-family property features 2 units each with 1 bedroom/1 bath, and an extra building has two rooms. Unit 1 is located upstairs and features a kitchen and loft/living area. Unit 2 is located on the ground floor and features a kitchen, living area, one bedroom and one bath. The additional building features one bedroom, loft/living area, partial kitchen, and bathroom with shower only.Fannie Mae HomePath property. Visit HomePath on web for more details. MULTIPLE OFFERS. SUBMIT HIGHEST & BEST IN HOMEPATH BY 6:20 PM ON 05/08/2015.
List Price/SqFt: 180.94
Sold Price/SqFt: 177.6

Property Features

Approx Parcel Size: Less than .25 Acre Flooring: Carpet Utilities: Other Cooling: Other Heating: Other Pool Features: None Roof: Shingle Parking Features: Other Current Use: Residential Road Surface Type: Asphalt

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2015-01-21

Location Tax and Legal

Street Number: 120-122
Street Direction Prefix: S
Street Name: 11TH
Street Suffix: Avenue
Street Direction Suffix: S
County: Duval
State: FL
MLS Area Major: 212-Jacksonville Beach-SE
Subdivision Name: Pablo Beach South

Status Change Information

Major Change Timestamp: 2023-11-13T20:24:10Z
Major Change Type: Price Reduced
Price Change Timestamp: 2015-04-13T14:38:35Z
Purchase Contract Date: 2015-05-15
Close Date: 2015-07-17
Close Price: 260000

Historical Information

Public Historical Remarks 1: OwnerApprPublicMktg: Foreclosed
Public Historical Remarks 2: Dining-Living/Dining Combo: Y

More Information

Documents

WDO REPORT ›

A - Offer Guidelines ›

B - Real Estate Purchase Addendum ›

D - FNMA REPA JOB AID 2014 ›

E - FNMA is exempt from signing Amendato ›

F - FNMA New REPA HUD1 Settlement Fee Ma ›

G - waiver-and-release ›

C - Owner Occupant Certification ›

Listing Office: DUVAL REALTY OF JAX

Last Updated: February - 25 - 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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