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.

1220 ARDEN Avenue, Orange Park, FL 32073 (MLS# 1139561)

1220 ARDEN Avenue, Orange Park, FL 32073

$1,425

Property Type: Residential Lease Bedrooms: 3 Baths: 2 Square Footage: 1,986 Status: Closed

Current Price: $1,425 List Date: 11/03/2021 Last Modified: 1/21/2026

Overview

Description

Great location in quiet, established quiet close to post office, shopping, restaurants, Hwy 17 & I-295! Original wood parquet floors. Formal DR & LR. Spacious kitchen features tons of storage, wood block island, breakfast bar & built in desk with overhead cabinets. Breakfast area opens to large family rm including wood burning FP and sliding doors to the patio. Lg BRs w/double hung windows. Master suite includes walk in shower. Includes washer & dryer & mini fridge in garage

Listing Details MLS# 1139561

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1986
Living Area Source: Public Records
Year Built: 1961
Association YN: No
Association Fee Frequency: One Time
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Directions: From US Hwy 17 South to R on Kingsley Ave to L on Hopkins, to R on Arden Ave. Home on left.
Public Remarks: Great location in quiet, established quiet close to post office, shopping, restaurants, Hwy 17 & I-295! Original wood parquet floors. Formal DR & LR. Spacious kitchen features tons of storage, wood block island, breakfast bar & built in desk with overhead cabinets. Breakfast area opens to large family rm including wood burning FP and sliding doors to the patio. Lg BRs w/double hung windows. Master suite includes walk in shower. Includes washer & dryer & mini fridge in garage
List Price/SqFt: 0.72
Sold Price/SqFt: 0.72

Property Features

Architectural Style: Ranch Appliances: Dishwasher; Disposal; Dryer; Electric Range; Refrigerator; Washer Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Breakfast Nook; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom - Shower No Tub; Skylight(s) Patio And Porch Features: Patio Pool Features: None Security Features: Smoke Detector(s) Fencing: Back Yard; Fenced; Wood Cooling: Central Air Heating: Central; Electric; Heat Pump Road Surface Type: Asphalt Pets Allowed: No

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2021-11-03
Lease Term: 12 Months

Location Tax and Legal

Street Number: 1220
Street Name: ARDEN
Street Suffix: Avenue
State: FL
County: Clay
Postal Code: 32073
MLS Area Major: 135-Park West/Montclair
Subdivision Name: Orange Park

Status Change Information

Major Change Timestamp: 2021-11-03T13:00:23Z
Major Change Type: Status Change
Purchase Contract Date: 2021-10-31
Close Date: 2021-10-31
Close Price: 1425

Fireplace Features

Fireplaces Total: Yes

More Information

Deposits and Fees

Application Fee: 60
Security Deposit: 1425

Historical Information

Public Historical Remarks 1: Water - Public: Y, Assoc Appl Fee: N, Tenant Pays All Utilities: Y, Lot Location-On Golf Course: Y, Roof: Shingle, Thermal Window(s): Y, Vinyl Floors: Y, Per Period: 1425, LeasePrepFeeTenant: 100, Interior Amenities-Window Treatment(s): Y, Fireplace-Family Room: Y, Brick Fireplace: Y
Public Historical Remarks 2: Occupancy: Specific Date-CLO, Sewer - Public: Y, Lot Location-Dead End Street: Y, Parcel Size: Less than .25 acre, Structure-Frame: Y, Structure-Concrete Block: Y, Exterior Wall: Partial Brick,Vinyl Siding, Tile Floors: Y, Min Lease/Rent Term: 12 months, Dining-Living/Dining Combo: Y, Interior Amenities-Sliding Glass Door(s): Y
Public Historical Remarks 3: Intermediate School: Other

Room Information

Room Name
Florida Room
Family Room
Utility Room

Listing Office: PERKINS REALTY

Last Updated: January - 21 - 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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