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.

12977 SILVER OAK Drive, Jacksonville, FL 32223 (MLS# 2165313)

12977 SILVER OAK Drive, Jacksonville, FL 32223

$405,000

Split plan has bedrms 2/3 adjacent kitchen

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,656 Lot Size (sq. ft.): 15,682 Status: Active Under Contract

Current Price: $405,000 List Date: 10/23/2026 Last Modified: 10/28/2026

Overview

Description

GREAT 4-Point but buyer had a change of heart. Seller Offering $$ Toward Buyer's Interest Rate Buy Down with Acceptable Offer! Welcome to cozy, quiet Mandarin Point. Finally a traditional brick home with a big back yard! This 3/2 split-plan home has an open style kitchen with a large space, a formal dining room and living room. Your fully-fenced backyard has plenty of room for a future pool, vegetable garden, chickens, whatever you can imagine.

Listing Details MLS# 2165313

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1656
Living Area Source: Public Records
Year Built: 1978
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.36
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
Directions: I-295 to San Jose Blvd South. Right onto Loretto Rd. Left onto Mandarin Rd. Left onto Foxridge Trail Rd. Right onto Silver Oak Dr. Home is 5th home on the left.
Public Remarks: GREAT 4-Point but buyer had a change of heart. Seller Offering $$ Toward Buyer's Interest Rate Buy Down with Acceptable Offer! Welcome to cozy, quiet Mandarin Point. Finally a traditional brick home with a big back yard! This 3/2 split-plan home has an open style kitchen with a large space, a formal dining room and living room. Your fully-fenced backyard has plenty of room for a future pool, vegetable garden, chickens, whatever you can imagine.
List Price/SqFt: 244.57

Property Features

Architectural Style: Traditional Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer/Dryer Stacked Interior Features: Eat-in Kitchen; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Plank in Flooring; Tile Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup Utilities: Cable Available; Electricity Available; Water Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Brick; Brick Veneer Patio And Porch Features: Rear Porch Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Fencing: Back Yard; Fenced; Full Current Use: Residential; Single Family Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA Contingency Reason: 3rd Party Approval

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-09-17

Location Tax and Legal

Street Number: 12977
Street Name: SILVER OAK
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32223
MLS Area Major: 014-Mandarin
Subdivision Name: Mandarin Point

Status Change Information

Major Change Timestamp: 2026-10-28T23:16:55Z
Major Change Type: Status Change
Price Change Timestamp: 2026-10-01T16:08:49Z
Contingency: Active Under Contract
Contingent Date: 2026-10-28

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: PROPERTY SAGE REALTY LLC

Last Updated: October - 28 - 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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