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.

1339 MT. HERMAN ST Street, Jacksonville, FL 32209 (MLS# 2107695)

1339 MT. HERMAN ST Street, Jacksonville, FL 32209

$1,200

Property Type: Residential Lease Bedrooms: 3 Baths: 1 Square Footage: 868 Status: Active

Current Price: $1,200 List Date: 10/27/2026 Last Modified: 10/27/2026

Overview

Description

HALF OFF FIRST MONTHS' RENT!!!! This great cottage is super close to downtown, UF Shands, the Main Post Office, John Ford Elementary, and the Green Emerald Trail. A very up and coming area. Rent to own options also available.

Listing Details MLS# 2107695

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 868
Living Area Source: Assessor
Year Built: 1968
Association YN: No
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Stories Total: Yes
Senior Community YN: No
Direction Faces: West
Directions: From I-95, take Kings Rd exit, turn West, then get in right lane. Across from Main Branch USPS, turn right on Cleveland St, right on 3rd, then left on Mt. Herman
Public Remarks: HALF OFF FIRST MONTHS' RENT!!!! This great cottage is super close to downtown, UF Shands, the Main Post Office, John Ford Elementary, and the Green Emerald Trail. A very up and coming area. Rent to own options also available.
List Price/SqFt: 1.38

Property Features

Additional Lease Terms: Month To Month; 7 Months; 12 Months; 24 Months; Negotiable Architectural Style: Cottage Levels: One Appliances: Freezer; Gas Cooktop; Gas Oven; Gas Range; Gas Water Heater; Refrigerator; Washer Interior Features: Ceiling Fan(s); Eat-in Kitchen; Pantry; Primary Bathroom - Tub with Shower Patio And Porch Features: Front Porch; Patio; Side Porch Water Source: Public Parking Features: Off Street Sewer: Public Sewer Fencing: Chain Link Utilities: Cable Available; Electricity Available; Natural Gas Connected; Separate Gas Meters; Sewer Connected; Water Connected Cooling: Wall/Window Unit(s) Heating: Central Road Frontage Type: City Street Rent Includes: None Tenant Pays: All Utilities; Electricity; Exterior Maintenance; Gas; Grounds Care; HVAC Maintenance; Insurance; Pest Control; Repairs; Sewer; Taxes; Telephone; Trash Collection; Water Pets Allowed: Yes

Contract Information

Rental Service: RentSpree
Rental Application URL: https://apply.link/m_nj1Xc
Property Sub Type: Single Family Residence
Listing Contract Date: 2025-09-08
Lease Term: Negotiable
Availability Date: 2026-11-01

Location Tax and Legal

Street Number: 1339
Street Name: MT. HERMAN ST
Street Suffix: Street
State: FL
County: Duval
Postal Code: 32209
MLS Area Major: 075-Trout River/College Park/Ribault Manor
Subdivision Name: Stewarts Addn To Jax

Status Change Information

Major Change Timestamp: 2026-10-27T15:09:32Z
Major Change Type: Back on Market

Deposits and Fees

Application Fee: 49

More Information

Listing Office: BLUE HORIZON REAL ESTATE LLC

Last Updated: October - 27 - 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.