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.

1365 CASSAT, Jacksonville, FL 32205 (MLS# 2170501)

1365 CASSAT, Jacksonville, FL 32205

$2,950,000

Property Type: Commercial Sale Square Footage: 12,150 Lot Size (sq. ft.): 35,284 Status: Active

Current Price: $2,950,000 List Date: 10/22/2026 Last Modified: 10/22/2026

Overview

Description

Investor opportunity at 1365-1389 Cassat Ave, Jacksonville, FL, positioned along an established commercial corridor with strong visibility and convenient access to surrounding neighborhoods and major Jacksonville thoroughfares. The approximately 12,000 SF commercial property sits on 0.81 acres, is zoned CCG-1, and is currently 100% leased, providing an investor with an established income stream from day one. Over $500k in recent renovations with tenants on new leases. A great long-term asset!

Listing Details MLS# 2170501

General Property Information

Building Area Total: 12150
Year Built: 1974
Lot Size Acres: 0.81
Waterfront YN: No
Directions: From I-10, head south on Cassat Ave. Property is located on the left.
Public Remarks: Investor opportunity at 1365-1389 Cassat Ave, Jacksonville, FL, positioned along an established commercial corridor with strong visibility and convenient access to surrounding neighborhoods and major Jacksonville thoroughfares. The approximately 12,000 SF commercial property sits on 0.81 acres, is zoned CCG-1, and is currently 100% leased, providing an investor with an established income stream from day one. Over $500k in recent renovations with tenants on new leases. A great long-term asset!
List Price/SqFt: 242.8

Property Features

Lot Features: Other Parking Features: Parking Lot; Unassigned Possession: Close Of Escrow; Subject To Tenant Rights Sale Includes: Building & Land

Contract Information

Listing Contract Date: 2026-10-01
Property Sub Type: Retail

Location Tax and Legal

Street Number: 1365
Street Name: CASSAT
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 051-Murray Hill

Status Change Information

Major Change Timestamp: 2026-10-22T20:30:28Z
Major Change Type: New Listing

More Information

Listing Office: PETRA MANAGEMENT INC.

Last Updated: October - 22 - 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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