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.

1329 Silver Street, Jacksonville, FL 32206 (MLS# 626520)

1329 Silver Street, Jacksonville, FL 32206

$82,500

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,158 Status: Closed

Current Price: $82,500 List Date: 8/14/2012 Last Modified: 10/23/2026

Overview

Description

In historic springfield less then a block from Klutho Park. Great location! New plumbing, all the electric has been updated, Refinished hardwood floors and/or new hardwood floors (where couldn't be restored). All bedrooms upstairs - 2 master bedrooms. Back BR has potential to have huge walk in closet but now is used as sep. BR. Remodeled kitchen - with all new appliances including huge upright freezer. Inside laundry room upstairs - washer & dryer stay. Original architecture restored throughout. FP in living room. Access to covered balcony from master bedroom upstairs and the office. New Pella Double hung vinyl windows throught the home. New electrical wiring in attic. Owner has approval from SPAR to put siding on home. Shed in the backyard stays. 2 A/C heat pumps (new)

Listing Details MLS# 626520

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2158
Living Area Source: Public Records
Year Built: 1914
Lot Size Dimensions: 36x125
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: I-95N to Union Street, left on Main street, right on 4th street, right on Silver St., home on left Back on Market due to finansing.
Public Remarks: In historic springfield less then a block from Klutho Park. Great location! New plumbing, all the electric has been updated, Refinished hardwood floors and/or new hardwood floors (where couldn't be restored). All bedrooms upstairs - 2 master bedrooms. Back BR has potential to have huge walk in closet but now is used as sep. BR. Remodeled kitchen - with all new appliances including huge upright freezer. Inside laundry room upstairs - washer & dryer stay. Original architecture restored throughout. FP in living room. Access to covered balcony from master bedroom upstairs and the office. New Pella Double hung vinyl windows throught the home. New electrical wiring in attic. Owner has approval from SPAR to put siding on home. Shed in the backyard stays. 2 A/C heat pumps (new)
List Price/SqFt: 39.39
Sold Price/SqFt: 38.23

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Dryer; Electric Water Heater; Gas Range; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Entrance Foyer; Kitchen Island; Primary Bathroom - Tub with Shower; Split Bedrooms; Vaulted Ceiling(s) Flooring: Carpet; Tile; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Green Energy Efficient: Appliances Construction Materials: Frame; Wood Siding Other Structures: Shed(s) Exterior Features: Balcony Patio And Porch Features: Front Porch Pool Features: None Roof: Shingle Parking Features: On Street; Other Lot Features: Historic Area Fencing: Fenced; Full Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2012-06-20

Location Tax and Legal

Street Number: 1329
Street Name: Silver
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32206
MLS Area Major: 072-Springfield
Subdivision Name: Springfield

Status Change Information

Major Change Timestamp: 2023-11-14T18:32:37Z
Major Change Type: Price Reduced
Price Change Timestamp: 2012-09-10T18:01:44Z
Purchase Contract Date: 2012-10-12
Close Date: 2012-11-30
Close Price: 82500

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Interior Amenities-Window Treatment(s): Y, Kitchen-Solid Surface Countertops: Y, Structure Raised: Y
Public Historical Remarks 2: Energy Features-Ceiling Fan(s): Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-French Door(s): Y, Fireplace Mantle: Y
Public Historical Remarks 3: Occupant Type: Special Instructions, Back-Ups Accepted, Call Listing Office, Vacant -Lockbox

Room Information

Room Name	Level	Length	Width	Remarks
Office
Utility Room
Primary Bedroom	Second	15.00	12.00	access to balcony
Bedroom 2	Second	10.00	9.41	off 2nd master BR (br4)
Bonus Room	Second	8.75	9.58	Access to balcony
Other	First	13.33	9.58	Media Room/Den
Bedroom 1	Second	13.00	11.00
Bedroom 3	Second	14.58	12.00
Living Room	First	23.58	17.00
Dining Room	First	13.00	12.00	Separate Dining Room
Kitchen	First	15.00	12.00

Documents

Sellers disclosure ›

Listing Office: KELLER WILLIAMS FIRST COAST REALTY

Last Updated: October - 23 - 2026

Information deemed reliable but not guaranteed.