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.

12257 GOVERNORS Drive E, Jacksonville, FL 32223 (MLS# 2157930)

12257 GOVERNORS Drive E, Jacksonville, FL 32223

$349,400

Virtual Tour

https://app.eastcoastvtours.com/sites/edvwjnmp/unbranded

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,388 Lot Size (sq. ft.): 14,375 Status: Active

Current Price: $349,400 List Date: 9/29/2026 Last Modified: 10/26/2026

Overview

Description

NEW HVAC AND WATER HEATER! With these major improvements being taken care of, this well maintained Mandarin home gives the next owner the opportunity to focus on the fun part of bringing their own style and personal touches to the interior. Situated on a spacious 1/3 acre lot, this 3BR/2BA home offers features that are increasingly hard to find. Bring the boat, RV, trailer, and all your outdoor toys! The fully fenced backyard features vinyl fencing, dedicated covered parking for a boat or RV, and a storage shed with workshop potential. Inside, you'll find updated granite countertops, upgraded replacement windows throughout, and a large enclosed sunroom that provides additional space for relaxing or entertaining all year. The home's comfortable layout offers a great foundation for buyers ready to make it their own. Conveniently located in an established Mandarin neighborhood near shopping, dining, schools, parks, and major roadways.

Listing Details MLS# 2157930

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1388
Living Area Source: Public Records
Year Built: 1980
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.33
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Direction Faces: West
Directions: I-295 to San Jose Blvd South. Right on Orange Picker Rd, Left on Governors Dr. E. Home is on left.
Public Remarks: NEW HVAC AND WATER HEATER! With these major improvements being taken care of, this well maintained Mandarin home gives the next owner the opportunity to focus on the fun part of bringing their own style and personal touches to the interior. Situated on a spacious 1/3 acre lot, this 3BR/2BA home offers features that are increasingly hard to find. Bring the boat, RV, trailer, and all your outdoor toys! The fully fenced backyard features vinyl fencing, dedicated covered parking for a boat or RV, and a storage shed with workshop potential. Inside, you'll find updated granite countertops, upgraded replacement windows throughout, and a large enclosed sunroom that provides additional space for relaxing or entertaining all year. The home's comfortable layout offers a great foundation for buyers ready to make it their own. Conveniently located in an established Mandarin neighborhood near shopping, dining, schools, parks, and major roadways.
List Price/SqFt: 251.73

Property Features

Architectural Style: Traditional Levels: One Appliances: Dishwasher; Electric Oven; Electric Range; Electric Water Heater; Ice Maker; Refrigerator; Water Softener Owned Interior Features: Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Pantry; Primary Bathroom - Shower No Tub; Split Bedrooms; Walk-In Closet(s) Flooring: Laminate Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Sewer Connected Cooling: Central Air Heating: Central Water Source: Well Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Block; Concrete; Stucco Other Structures: Shed(s) Patio And Porch Features: Glass Enclosed; Rear Porch Roof: Shingle Parking Features: Additional Parking; Garage Door Opener Fencing: Back Yard; Vinyl Current Use: Residential; Single Family Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-07-28

Location Tax and Legal

Street Number: 12257
Street Name: GOVERNORS
Street Suffix: Drive
Street Direction Suffix: E
County: Duval
State: FL
Postal Code: 32223
MLS Area Major: 014-Mandarin
Subdivision Name: Holly Point

Status Change Information

Major Change Timestamp: 2026-10-23T12:12:39Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-23T12:12:39Z

DPR Eligible

DPR Eligible: Yes

More Information

Documents

Flood Disclosure ›

Sellers Property Disclosure ›

Listing Office: WATSON REALTY CORP

Last Updated: October - 26 - 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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