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.

1204 W 31ST Street, Jacksonville, FL 32209 (MLS# 1232350)

1204 W 31ST Street, Jacksonville, FL 32209

$155,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,030 Status: Closed

Current Price: $155,000 List Date: 12/12/2023 Last Modified: 2/24/2025

Overview

Description

Wonderful 3 bedroom/2-bathroom home with an enclosed front porch and an open back porch- both perfect for lounging! Walk inside and see that this home is updated and ready for a new owner! New int/ext paint, new vinyl flooring throughout, newly updated kitchen with new cabinets and laminate countertops, updated bathrooms with new toilets and vanities. BRAND NEW 2023 ROOF!!! HVAC 2018 Schedule your showing now! * property is staged, furniture not included*

Listing Details MLS# 1232350

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1030
Living Area Source: Public Records
Year Built: 1960
Association YN: No
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: Turn right onto FL-210 / Moncrief Rd Bear right onto N Myrtle Ave Turn right onto W 31st St
Public Remarks: Wonderful 3 bedroom/2-bathroom home with an enclosed front porch and an open back porch- both perfect for lounging! Walk inside and see that this home is updated and ready for a new owner! New int/ext paint, new vinyl flooring throughout, newly updated kitchen with new cabinets and laminate countertops, updated bathrooms with new toilets and vanities. BRAND NEW 2023 ROOF!!! HVAC 2018 Schedule your showing now! * property is staged, furniture not included*
List Price/SqFt: 145.62
Sold Price/SqFt: 150.49

Property Features

Approx Parcel Size: Less than .25 Acre Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Pool Features: None Roof: Shingle Parking Features: Additional Parking Current Use: Residential Possession: Negotiable

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2023-06-14

Location Tax and Legal

Street Number: 1204
Street Direction Prefix: W
Street Name: 31ST
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32209
MLS Area Major: 071-Brentwood/Evergreen
Subdivision Name: Speedway Park

Status Change Information

Major Change Timestamp: 2024-03-18T13:51:36Z
Major Change Type: Status Change
Price Change Timestamp: 2024-01-04T18:57:01Z
Purchase Contract Date: 2024-01-20
Close Date: 2024-03-15
Close Price: 155000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 3: Occupant Type: Vacant, See ShowingAssist, Vacant -Lockbox

Listing Office: LOKATION

Last Updated: February - 24 - 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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