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.

1355 LABELLE Street, Jacksonville, FL 32205 (MLS# 2156255)

1355 LABELLE Street, Jacksonville, FL 32205

$184,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,962 Lot Size (sq. ft.): 8,712 Status: Closed

Current Price: $184,000 List Date: 9/09/2026 Last Modified: 10/28/2026

Overview

Description

RECENTLY UPDATED! Bright and spacious this 3 bedroom, 2 full bath home features, updated kitchen with solid surface countertops and appliances, updated bathrooms and vinyl flooring throughout. Property is being sold ''As-Is'' with the right to inspect. Seller will make no repairs. Seller will not pay for or provide survey. This property may qualify for Seller Financing (Vendee). If property was built prior to 1978, Lead Based Paint Potentially exists. Please see attachments for offer instructions.

Listing Details MLS# 2156255

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1962
Living Area Source: Public Records
Year Built: 1955
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.2
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Senior Community YN: No
Directions: From Plymouth St. and Cassat Ave. go south on Cassat Ave to Quan Dr. turn right, then turn right on Labelle and follow to property.
Public Remarks: RECENTLY UPDATED! Bright and spacious this 3 bedroom, 2 full bath home features, updated kitchen with solid surface countertops and appliances, updated bathrooms and vinyl flooring throughout. Property is being sold ''As-Is'' with the right to inspect. Seller will make no repairs. Seller will not pay for or provide survey. This property may qualify for Seller Financing (Vendee). If property was built prior to 1978, Lead Based Paint Potentially exists. Please see attachments for offer instructions.
List Price/SqFt: 88.18
Sold Price/SqFt: 93.78

Property Features

Architectural Style: Ranch Levels: One Appliances: Electric Oven Utilities: Electricity Available; Sewer Available; Water Available Cooling: Central Air Heating: Electric Water Source: Public Parking Features: Garage Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-07-20

Location Tax and Legal

Street Number: 1355
Street Name: LABELLE
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 052-Lakeshore
Subdivision Name: Hillcrest

Status Change Information

Major Change Timestamp: 2026-10-28T11:06:09Z
Major Change Type: Status Change
Price Change Timestamp: 2026-08-20T21:10:25Z
Purchase Contract Date: 2026-09-21
Close Date: 2026-10-26
Close Price: 184000

DPR Eligible

DPR Eligible: No

More Information

Documents

Offer instructions ›

Listing Office: ALFA REALTORS CORP

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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