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.

12966 MEDFORD Lane, Jacksonville, FL 32225 (MLS# 2166689)

12966 MEDFORD Lane, Jacksonville, FL 32225

$428,000

2-web-or-mls-12966 Medford_001 day to du

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,678 Lot Size (sq. ft.): 8,712 Status: Closed

Current Price: $428,000 List Date: 9/26/2026 Last Modified: 10/31/2026

Overview

Description

This beautifully renovated home offers the perfect combination of modern style, comfort, and convenience. Thoughtfully updated inside and out, the home features new flooring, fresh paint, updated lighting and plumbing fixtures, and beautifully remodeled kitchen and bathrooms. The stunning kitchen boasts white shaker cabinets, granite countertops, and a brand-new stainless steel appliance package. An open-concept floor plan, soaring ceilings, and abundant natural light create an inviting living space perfect for everyday living and entertaining. Step outside to a spacious patio overlooking the expansive, fully fenced backyard, ideal for outdoor gatherings, pets, and relaxation. Conveniently located near shopping, dining, major highways, and Jacksonville's beautiful beaches, this move-in-ready home is one you won't want to miss!

Listing Details MLS# 2166689

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1678
Living Area Source: Appraiser
Year Built: 1987
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.2
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
Stories: Yes
Senior Community YN: No
Directions: rom Atlantic Blvd. and Hodges Blvd., travel north on Hodges (which becomes Joeandy Rd.). Turn left onto Naugatuck Dr., then turn right onto Medford Ln. The home is on the left.
Public Remarks: This beautifully renovated home offers the perfect combination of modern style, comfort, and convenience. Thoughtfully updated inside and out, the home features new flooring, fresh paint, updated lighting and plumbing fixtures, and beautifully remodeled kitchen and bathrooms. The stunning kitchen boasts white shaker cabinets, granite countertops, and a brand-new stainless steel appliance package. An open-concept floor plan, soaring ceilings, and abundant natural light create an inviting living space perfect for everyday living and entertaining. Step outside to a spacious patio overlooking the expansive, fully fenced backyard, ideal for outdoor gatherings, pets, and relaxation. Conveniently located near shopping, dining, major highways, and Jacksonville's beautiful beaches, this move-in-ready home is one you won't want to miss!
List Price/SqFt: 256.2
Sold Price/SqFt: 255.07

Property Features

Appliances: ENERGY STAR Qualified Dishwasher; ENERGY STAR Qualified Refrigerator Flooring: Luxury Vinyl Utilities: Cable Available Cooling: Central Air Heating: Central Water Source: Public Parking Features: Garage Fencing: Vinyl Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional; VA Loan Contingency Reason: Appraisal; Financing; Inspection

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-09-26

Location Tax and Legal

Street Number: 12966
Street Name: MEDFORD
Street Suffix: Lane
County: Duval
State: FL
Postal Code: 32225
MLS Area Major: 043-Intracoastal West-North Of Atlantic Blvd
Subdivision Name: Cambridge

Status Change Information

Major Change Timestamp: 2026-10-31T14:32:25Z
Major Change Type: Status Change
Price Change Timestamp: 2026-10-02T10:03:51Z
Purchase Contract Date: 2026-10-01
Close Date: 2026-10-30
Close Price: 428000

DPR Eligible

DPR Eligible: Yes

More Information

Documents

No Seller Property Disclosure ›

Licensee Disclosure ›

Listing Office: BACHMANN HOMES REALTY, LLC

Last Updated: October - 31 - 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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