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.

1328 1ST Street N, Jacksonville Beach, FL 32250 (MLS# 1103120)

1328 1ST Street N, Jacksonville Beach, FL 32250

$544,000

Property Type: Residential Income Bedrooms: 4 Baths: 4 Square Footage: 2,806 Status: Closed

Current Price: $544,000 List Date: 4/05/2021 Last Modified: 2/07/2025

Overview

Description

Entered in mls for comp purposes only.

Listing Details MLS# 1103120

General Property Information

Bedrooms Total: 4
Bathrooms Total: 4
Bathrooms Full: 3
Bathrooms Half: Yes
Living Area: 2806
Living Area Source: Public Records
New Construction YN: No
Year Built: 1928
Association YN: No
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From Beach Blvd East, L on AIA, North to 12th Ave N, turn R on 1st S.
Public Remarks: Entered in mls for comp purposes only.
List Price/SqFt: 193.87
Sold Price/SqFt: 193.87

Property Features

Construction Materials: Frame; Wood Siding Heating: Central; Electric; Heat Pump Listing Terms: Cash; Conventional Possession: Negotiable Road Surface Type: Asphalt Roof: Shingle Sewer: Public Sewer View: Ocean Water Source: Public

Contract Information

Listing Contract Date: 2021-04-05
Property Sub Type: Duplex

Location Tax and Legal

Street Number: 1328
Street Name: 1ST
Street Suffix: Street
Street Direction Suffix: N
County: Duval
State: FL
Postal Code: 32250
Subdivision Name: **verifying Subd**
MLS Area Major: 211-Jacksonville Beach-NE

Status Change Information

Major Change Timestamp: 2021-04-06T01:32:09Z
Major Change Type: New Listing
Purchase Contract Date: 2021-04-05
Close Date: 2021-04-05
Close Price: 544000

Currently Not Used

Property Attached YN: Yes

More Information

Historical Information

Public Historical Remarks 1: Present Rental Terms: Less than .25 Acre
Public Historical Remarks 3: Current Zoning: N, Occupant Type: Special Instructions, Tenant Occupied Lockbox, Tenant Occupied

Listing Office: RE/MAX SPECIALISTS

Last Updated: February - 07 - 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.