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.

12520 YELLOW BLUFF Road, Jacksonville, FL 32226 (MLS# 1242663)

12520 YELLOW BLUFF Road, Jacksonville, FL 32226

$1,099,900

Yellow Bluff-New Berlin Intersection Sig

North Point Village Shopping Center Entr

Yellow Bluff Entry to Shopping Ctr Acros

12520 Yellow Bluff (Leonard) Nice Home 2

Property Type: Land Lot Size (sq. ft.): 110,207 Status: Active

Current Price: $1,099,900 List Date: 5/06/2026 Last Modified: 10/26/2026

Overview

Description

Tremendous opportunity for commercial retail or office development or possible multi-family. 2.53 acres of land in high growth area. New Publix shopping center, dental office, Gate Convenience Station, Walgreens, & much more new construction going on across the street & next door. Very good visibility on high traffic corridor near intersection of New Berlin Rd & Yellow Bluff Rd. Nice brick home on the property, but value is in the commercial land use possibility. Buyer needs to confirm zoning or PUD changes necessary for desired end use. Buyer needs to verify development details & needs including access, wetlands, geotechnical, environmental, endangered species, & feasibility. Additional 4.63 acres on Yellow Bluff available See MLS 1242671, 1242675 & 1250429

Listing Details MLS# 1242663

General Property Information

Lot Size Acres: 2.53
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: Yes
Directions: From 295N East Loop take exit 40 & go north (Alta Bluff) - continue North. Alta Bluff becomes Yellow Bluff Rd. Go just past intersection of Yellow Bluff Rd & New Berlin Rd. Property is on left.
Public Remarks: Tremendous opportunity for commercial retail or office development or possible multi-family. 2.53 acres of land in high growth area. New Publix shopping center, dental office, Gate Convenience Station, Walgreens, & much more new construction going on across the street & next door. Very good visibility on high traffic corridor near intersection of New Berlin Rd & Yellow Bluff Rd. Nice brick home on the property, but value is in the commercial land use possibility. Buyer needs to confirm zoning or PUD changes necessary for desired end use. Buyer needs to verify development details & needs including access, wetlands, geotechnical, environmental, endangered species, & feasibility. Additional 4.63 acres on Yellow Bluff available See MLS 1242671, 1242675 & 1250429
List Price/Acre: 434743.08

Property Features

Current Use: Residential; Single Family Lot Features: Irregular Lot; Wooded Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Waterfront Features: Creek; Navigable Water Other Structures: Other Road Surface Type: Asphalt Pool Features: None Listing Terms: Cash; Conventional Possession: Close Of Escrow

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2023-08-14

Location Tax and Legal

Street Number: 12520
Street Name: YELLOW BLUFF
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32226
MLS Area Major: 092-Oceanway/Pecan Park
Subdivision Name: John Broward Grant

Status Change Information

Major Change Timestamp: 2026-10-26T20:58:04Z
Major Change Type: Status Change
Price Change Timestamp: 2025-02-16T20:37:22Z

Historical Information

Public Historical Remarks 1: Possible Financing-1031 Exchange: Y, Lot Location-Suburban: Y
Public Historical Remarks 2: Dev Stat/Restrict-Recorded Plat: Y, Lot Description-Well Drained: Y, Waterfront Descrpt-Tidal: Y
Public Historical Remarks 3: Current Zoning: RR-Acre

More Information

Documents

Wetland Assessment ›

Listing Office: COLDWELL BANKER VANGUARD REALTY

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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