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.

1257 NEVA Street, Jacksonville, FL 32205 (MLS# 1091127)

1257 NEVA Street, Jacksonville, FL 32205

$191,300

Virtual Tour

https://www.homesandland.com/UnbrandedVirtualTour/?68622379&VirtualTourId=7758021

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 1,716 Status: Closed

Current Price: $191,300 List Date: 1/20/2021 Last Modified: 2/05/2025

Overview

Description

(MULTIPLE OFFER NOTICE: Highest & Best due by 1pm on 01-22-21) Move-in Ready updated 4 bedroom home built recently in 2017. Durable, vinyl plank flooring throughout, and cementious hardi board siding throughout the exterior. The kitchen features granite countertops, as well as a newer fridge and stove. Take advantage of the low interest rates and schedule a private tour today! **Ask about down payment assistance programs**

Listing Details MLS# 1091127

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1716
Living Area Source: Public Records
Year Built: 2017
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Entry Level: Yes
Directions: I10 to Cassat Ave., right on Plymouth St., left on Neva St.
Public Remarks: (MULTIPLE OFFER NOTICE: Highest & Best due by 1pm on 01-22-21) Move-in Ready updated 4 bedroom home built recently in 2017. Durable, vinyl plank flooring throughout, and cementious hardi board siding throughout the exterior. The kitchen features granite countertops, as well as a newer fridge and stove. Take advantage of the low interest rates and schedule a private tour today! **Ask about down payment assistance programs**
List Price/SqFt: 101.98
Sold Price/SqFt: 111.48

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Appliances: Electric Range; Electric Water Heater; Refrigerator Interior Features: Breakfast Bar; Kitchen Island; Primary Bathroom - Tub with Shower; Primary Downstairs; Split Bedrooms; Walk-In Closet(s) Flooring: Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Fiber Cement; Frame Pool Features: None Roof: Shingle Parking Features: Attached; Garage Current Use: Residential; Single Family Road Surface Type: Concrete Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2021-01-19

Location Tax and Legal

Street Number: 1257
Street Name: NEVA
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 052-Lakeshore
Subdivision Name: Cedarhurst

Status Change Information

Major Change Timestamp: 2021-02-17T13:33:50Z
Major Change Type: Status Change
Purchase Contract Date: 2021-01-29
Close Date: 2021-02-17
Close Price: 191300

Historical Information

Public Historical Remarks 1: Kitchen-Solid Surface Countertops: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Interior Amenities-Ceiling 8+ Ft.: Y, Structure Slab: Y

More Information

Room Information

Room Name
Utility Room

Documents

Multiple Offer Notice ›

Listing Office: UNITED REAL ESTATE GALLERY

Last Updated: February - 05 - 2025

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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