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.

137 3RD Avenue S D-R, Jacksonville Beach, FL 32250 (MLS# 1114341)

137 3RD Avenue S D-R, Jacksonville Beach, FL 32250

$728,750

Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 1,901 Status: Closed

Current Price: $728,750 List Date: 6/08/2021 Last Modified: 2/09/2025

Overview

Description

Enjoy the sea breeze from this pristine upscale beach townhome. 2 Blocks from Downtown Jacksonville Beach. Ocean view from Master Balcony. This Home Features 10' ceilings and 8' doors, Granite counters, Stainless Bosh Appliances, 42'' Kitchen cabinets, Hardwood Floors, Open Kitchen and Family Room, Walk-in Pantry, Laundry Room with Sink, Huge Owners Retreat with Balcony, Jetted Soaker Tub and Natural Stone Flooring. All Bedrooms have Walk-in Closets, 1 Bedroom with Bath on First Floor. 2 Car garage.

Listing Details MLS# 1114341

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 1901
Living Area Source: Public Records
Year Built: 2007
Association YN: No
Association Fee Frequency: One Time
Association Fee 2: 330
Association Fee 2 Frequency: Monthly
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Directions: Take JTB East, exit A1A(3rd Street) North, Turn Right on 3rd Ave South, Turn Left on 2nd Street, Turn Right, 2nd Driveway ''D- R'
Public Remarks: Enjoy the sea breeze from this pristine upscale beach townhome. 2 Blocks from Downtown Jacksonville Beach. Ocean view from Master Balcony. This Home Features 10' ceilings and 8' doors, Granite counters, Stainless Bosh Appliances, 42'' Kitchen cabinets, Hardwood Floors, Open Kitchen and Family Room, Walk-in Pantry, Laundry Room with Sink, Huge Owners Retreat with Balcony, Jetted Soaker Tub and Natural Stone Flooring. All Bedrooms have Walk-in Closets, 1 Bedroom with Bath on First Floor. 2 Car garage.
List Price/SqFt: 386.64
Sold Price/SqFt: 383.35

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Dryer; Electric Range; Ice Maker; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Entrance Foyer; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Concrete; Tile; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Fire Sprinkler System; Smoke Detector(s) Construction Materials: Block; Concrete; Stucco Exterior Features: Balcony Pool Features: None Roof: Metal Parking Features: Attached; Garage View: Ocean Current Use: Residential Association Amenities: Management - Off Site Association Fee Includes: Insurance Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2021-06-08
Unit Type: End Unit

Location Tax and Legal

Street Number: 137
Street Name: 3RD
Street Suffix: Avenue
Street Direction Suffix: S
County: Duval
State: FL
Postal Code: 32250
MLS Area Major: 212-Jacksonville Beach-SE
Subdivision Name: Ocean Terrace

Status Change Information

Major Change Timestamp: 2023-11-17T01:58:18Z
Major Change Type: Price Reduced
Price Change Timestamp: 2021-07-01T19:01:36Z
Purchase Contract Date: 2021-08-27
Close Date: 2021-10-20
Close Price: 728750

Historical Information

Public Historical Remarks 1: Bath-Owner Bath W/Whirlpool: Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Energy Features-Ceiling Fan(s): Y, Dining-Living/Dining Combo: Y, Condo Restrictions-Governed Covenants/Restrictions: Y

More Information

Room Information

Room Name
Family Room
Utility Room

Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS

Last Updated: February - 09 - 2025

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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