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.

1403 SUN MARSH Drive, Jacksonville, FL 32225 (MLS# 2166577)

1403 SUN MARSH Drive, Jacksonville, FL 32225

$465,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,899 Status: Active Under Contract

Current Price: $465,000 List Date: 10/19/2026 Last Modified: 11/03/2026

Overview

Description

Beautiful 3BR/2BA single-family home in the sought-after Gately Oaks neighborhood of Jacksonville. This spacious single-story home features an open-concept living and dining area fire place. Enjoy outdoor living in the screened-in patio overlooking a large backyard with a storage shed. Attached garage provides additional storage and convenience. Ideally located just minutes from Naval Station Mayport, shopping, dining, and area beaches. Move-in ready

Listing Details MLS# 2166577

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2110
Living Area Source: Assessor
Building Area Total: 2899
Year Built: 2000
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Dimensions: 90x120
Association YN: Yes
Association Fee: 220
Association Fee Frequency: Annually
Association Name: Gately Oaks Unit Four HOA Inc.
Association Phone: (904)241-8886
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Direction Faces: South
Directions: I-295 S: Exit 47; LT onto Monument Rd. Merge onto FL-116 E. RT on Gately Rd. LT onto Gately Oaks Ln E. RT onto Sun Marsh Dr
Public Remarks: Beautiful 3BR/2BA single-family home in the sought-after Gately Oaks neighborhood of Jacksonville. This spacious single-story home features an open-concept living and dining area fire place. Enjoy outdoor living in the screened-in patio overlooking a large backyard with a storage shed. Attached garage provides additional storage and convenience. Ideally located just minutes from Naval Station Mayport, shopping, dining, and area beaches. Move-in ready
List Price/SqFt: 220.38

Property Features

Architectural Style: Traditional Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Electric Oven; Electric Range; Refrigerator Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Patio And Porch Features: Porch; Rear Porch; Screened Roof: Shingle Parking Features: Garage Door Opener Lot Features: Few Trees Fencing: Back Yard Current Use: Residential; Single Family Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Inspection

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-09-24

Location Tax and Legal

Street Number: 1403
Street Name: SUN MARSH
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32225
MLS Area Major: 043-Intracoastal West-North Of Atlantic Blvd
Subdivision Name: Gately Oaks

Status Change Information

Major Change Timestamp: 2026-11-03T15:12:00Z
Major Change Type: Status Change
Contingency: Active Under Contract
Contingent Date: 2026-10-28

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: Yes

Documents

Homeowners' Association disclosure ›

Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

Last Updated: November - 03 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare