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.

12278 GILLESPIE Avenue, Jacksonville, FL 32218 (MLS# 2170919)

12278 GILLESPIE Avenue, Jacksonville, FL 32218

$359,900

Virtual Tour

https://www.zillow.com/view-imx/95294bd5-feda-4e34-97bc-41c5603d8d95?wl=true&setAttribution=mls&initialViewType=pano

Large kitchen with Herringbone tile, built in Wine rack

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,997 Lot Size (sq. ft.): 9,148 Status: Active

Current Price: $359,900 List Date: 10/26/2026 Last Modified: 10/27/2026

Overview

Description

Built in 2022 by KB Home, this beautifully maintained 4BR/2BA home offers 1,997 SF of single-story living in Azalea Hills. Qualified Buyers can assume existing 5.125% VA Loan, subject to Lender Approval! Located near the end of a quiet, dead-end street, this home features an updated exterior elevation, 9-ft ceilings, luxury vinyl plank flooring, and a spacious open-concept design. The stunning kitchen showcases an oversized quartz island, white shaker cabinetry, herringbone tile backsplash, stainless appliances, pendant lighting, wine rack, and pantry. The split-bedroom layout offers a private primary suite with walk-in closet and garden tub. Enjoy the covered lanai overlooking a fully fenced backyard with decorative metal fencing and wooded views along a natural drainage corridor. Additional features include an owned water softener, smart thermostat, security system, and 2-car garage with EV charger. Convenient to I-295, River City Marketplace, and JAX Airport. Low HOA & no CDD Fees!

Supplements: Welcome to 12278 Gillespie Avenue in Azalea Hills! This attractive KB Home features a stone-accented front elevation, exterior coach lighting, and an inviting open floor plan designed for comfortable everyday living. The kitchen is a standout feature, offering abundant cabinetry, generous quartz counter space, a large island with undermount stainl ... (Read more)

Listing Details MLS# 2170919

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1997
Living Area Source: Public Records
Year Built: 2022
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.21
Association YN: Yes
Association Fee: 132
Association Fee Frequency: Quarterly
Association Name: Azalea Hills Homeowners Association, Inc.
Association Phone: (904) 998-5365
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: East
Directions: From I 295 to N Main Street. Right on New Berlin Rd. Right on Gillespie Ave. Straight into community, home is on the right near the cul-de-sac.
Public Remarks: Built in 2022 by KB Home, this beautifully maintained 4BR/2BA home offers 1,997 SF of single-story living in Azalea Hills. Qualified Buyers can assume existing 5.125% VA Loan, subject to Lender Approval! Located near the end of a quiet, dead-end street, this home features an updated exterior elevation, 9-ft ceilings, luxury vinyl plank flooring, and a spacious open-concept design. The stunning kitchen showcases an oversized quartz island, white shaker cabinetry, herringbone tile backsplash, stainless appliances, pendant lighting, wine rack, and pantry. The split-bedroom layout offers a private primary suite with walk-in closet and garden tub. Enjoy the covered lanai overlooking a fully fenced backyard with decorative metal fencing and wooded views along a natural drainage corridor. Additional features include an owned water softener, smart thermostat, security system, and 2-car garage with EV charger. Convenient to I-295, River City Marketplace, and JAX Airport. Low HOA & no CDD Fees!
List Price/SqFt: 180.22

Property Features

Architectural Style: Traditional Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Disposal; Electric Range; Microwave; Refrigerator; Water Softener Owned Interior Features: Breakfast Bar; Ceiling Fan(s); Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Tub with Shower; Smart Thermostat; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile; Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Smart Home Features: Security Security Features: Security System Leased; Smoke Detector(s) Construction Materials: Fiber Cement; Frame; Stone Veneer Patio And Porch Features: Covered; Patio Roof: Shingle Parking Features: Attached; Electric Vehicle Charging Station(s); Garage; Garage Door Opener Lot Features: Dead End Street; Wooded View: Trees/Woods Fencing: Back Yard; Fenced; Privacy; Vinyl; Wrought Iron Current Use: Residential; Single Family Community Features: Curbs; Sidewalks; Street Lights Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Assumable; Cash; Conventional; FHA; VA Loan