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.

1340 AZALEA Drive, Jacksonville, FL 32205 (MLS# 1150209)

1340 AZALEA Drive, Jacksonville, FL 32205

$330,000

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,337 Status: Closed

Current Price: $330,000 List Date: 1/20/2022 Last Modified: 10/23/2026

Overview

Description

You 'll love coming home to this light filled home on a quiet street in the heart of Avondale, one of Jacksonville's best loved neighborhoods. 3 bedrooms 1 bath, a huge remodeled eat in kitchen (quartz countertops and SS appliances), hardwood floors, living room with fireplace, dining room/flex space. A spacious layout. Roof and HVAC are 3 years old! Newer electric panel, a large shed with power, covered parking for 2 cars, and a nice view from the living room! A fresh coat of paint throughout the interior. Plus a shady rear screened in porch. A short walk, bike or drive to everything this amazing neighborhood has to offer: restaurants. parks. shopping. Don't sleep on this gem, it's priced to go so see it today!

Listing Details MLS# 1150209

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 1337
Living Area Source: Public Records
Year Built: 1941
Association YN: No
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: At intersection of Park Street and Azalea, take Azalea to house at the end 1340 Azalea St
Public Remarks: You 'll love coming home to this light filled home on a quiet street in the heart of Avondale, one of Jacksonville's best loved neighborhoods. 3 bedrooms 1 bath, a huge remodeled eat in kitchen (quartz countertops and SS appliances), hardwood floors, living room with fireplace, dining room/flex space. A spacious layout. Roof and HVAC are 3 years old! Newer electric panel, a large shed with power, covered parking for 2 cars, and a nice view from the living room! A fresh coat of paint throughout the interior. Plus a shady rear screened in porch. A short walk, bike or drive to everything this amazing neighborhood has to offer: restaurants. parks. shopping. Don't sleep on this gem, it's priced to go so see it today!
List Price/SqFt: 261.78
Sold Price/SqFt: 246.82

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Appliances: Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Interior Features: Kitchen Island Flooring: Wood Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Frame Pool Features: None Roof: Shingle Parking Features: Additional Parking Lot Features: Historic Area; Irregular Lot Fencing: Back Yard Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2022-01-20

Location Tax and Legal

Street Number: 1340
Street Name: AZALEA
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 032-Avondale
Subdivision Name: Avondale

Status Change Information

Major Change Timestamp: 2022-03-04T14:16:40Z
Major Change Type: Status Change
Purchase Contract Date: 2022-02-28
Close Date: 2022-03-04
Close Price: 330000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Room Information

Room Name
Utility Room

Documents

Sellers Disclosure ›

Lead Based Paint ›

Listing Office: INI REALTY

Last Updated: October - 23 - 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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