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.

122 W 11TH Street, Jacksonville, FL (MLS# 708303)

122 W 11TH Street, Jacksonville, FL

$48,000

Property Type: Residential Bedrooms: 4 Baths: 1 Square Footage: 1,980 Status: Closed

Current Price: $48,000 List Date: 3/13/2014 Last Modified: 10/23/2026

Overview

Description

Come view this two story, single family detached home in ''Springfield.'' This home features: covered front porch, fireplace, and spacious bed rooms. Property is being sold subject to 24 CFR 206.125

Listing Details MLS# 708303

General Property Information

Bedrooms Total: 4
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 1980
Living Area Source: Public Records
Year Built: 1946
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: Main Street North to left on 11th
Public Remarks: Come view this two story, single family detached home in ''Springfield.'' This home features: covered front porch, fireplace, and spacious bed rooms. Property is being sold subject to 24 CFR 206.125
List Price/SqFt: 24.24
Sold Price/SqFt: 24.24

Property Features

Approx Parcel Size: Less than .25 Acre Utilities: Other Cooling: Central Air Heating: Central Pool Features: None Parking Features: Other Lot Features: Historic Area Current Use: Residential

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2014-03-13

Location Tax and Legal

Street Number: 122
Street Direction Prefix: W
Street Name: 11TH
Street Suffix: Street
County: Duval
State: FL
MLS Area Major: 072-Springfield
Subdivision Name: Springfield

Status Change Information

Major Change Timestamp: 2014-06-02T13:47:05Z
Major Change Type: Status Change
Purchase Contract Date: 2014-03-30
Close Date: 2014-05-29
Close Price: 48000

Historical Information

Public Historical Remarks 3: Occupant Type: See Private Remarks, See ShowingAssist

More Information

Documents

Real Estate Purchase Addendums ›

general contract addendum ›

owner occupant form ›

buyer disclosure form ›

utility activation form ›

Recommended Offer Instructions ›

Settlement Fee Disclosure ›

Listing Office: CORE REALTY, LLC

Last Updated: October - 23 - 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.