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.

1407 DANCY Street, Jacksonville, FL 32205 (MLS# 1122945)

1407 DANCY Street, Jacksonville, FL 32205

$345,000

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Property Type: Residential Income Bedrooms: 4 Baths: 2 Square Footage: 1,791 Status: Closed

Current Price: $345,000 List Date: 7/28/2021 Last Modified: 10/23/2026

Overview

Description

BEST AND HIGHEST PLEASE! Seller asking for Best and Highest offer by 5 PM Wednesday 8/4/2021. Awesome duplex In the heart of Jacksonville's hottest neighborhood, Avondale. Short stroll to restaurants Orsay, Iguana on Park, and just a few blocks to the Shoppes of Avondale. These units have 2 bedrooms, one bath, are nicely updated, have hard wood floors, off street parking, newer washer/dryer in each unit! And a BRAND NEW ROOF! Nice rear yard, too. You won't find a nicer investment property or a better neighborhood so call today to set up a viewing.

Listing Details MLS# 1122945

General Property Information

Number Of Units Total: 2
Bedrooms Total: 4
Bathrooms Total: 2
Bathrooms Full: 2
Living Area: 1791
Living Area Source: Public Records
Year Built: 1951
Lot Size Dimensions: 50 x 126
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Stories: 2
Directions: From Park Street and Dancy drive North west toward Roosevelt Blvd . House on right within the block.
Public Remarks: BEST AND HIGHEST PLEASE! Seller asking for Best and Highest offer by 5 PM Wednesday 8/4/2021. Awesome duplex In the heart of Jacksonville's hottest neighborhood, Avondale. Short stroll to restaurants Orsay, Iguana on Park, and just a few blocks to the Shoppes of Avondale. These units have 2 bedrooms, one bath, are nicely updated, have hard wood floors, off street parking, newer washer/dryer in each unit! And a BRAND NEW ROOF! Nice rear yard, too. You won't find a nicer investment property or a better neighborhood so call today to set up a viewing.
List Price/SqFt: 195.42
Sold Price/SqFt: 192.63

Property Features

Appliances: Dryer; Electric Range; Electric Water Heater; Microwave; Washer Construction Materials: Frame Cooling: Central Air Flooring: Tile; Wood Heating: Central; Heat Pump Listing Terms: Cash; Conventional Parking Features: Assigned; Other Pool Features: None Possession: Other Road Surface Type: Asphalt Roof: Shingle Security Features: Smoke Detector(s) Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date: 2021-07-28
Property Sub Type: Duplex

Location Tax and Legal

Street Number: 1407
Street Name: DANCY
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
Subdivision Name: Avondale
MLS Area Major: 032-Avondale

Status Change Information

Major Change Timestamp: 2021-09-16T11:32:59Z
Major Change Type: Status Change
Purchase Contract Date: 2021-09-01
Close Date: 2021-09-14
Close Price: 345000

Historical Information

Public Historical Remarks 1: Lot Location-Historic Area: Y, Number of Buildings: 1 Building, Present Rental Terms: 6 + Month, Two Bedroom Rentals: $1001 to $1500/Month
Public Historical Remarks 2: Annual Rent: 27600.00, # 2 Bedroom Units: 2, Present Tenant Exp: All Electric,Sewer,Water

More Information

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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