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.

1414 CEDAR Street, Jacksonville, FL 32207 (MLS# 930624)

1414 CEDAR Street, Jacksonville, FL 32207

$182,500

1414 Cedar St Jacksonville FL-MLS_Size-0

Virtual Tour

https://tours.eastcoastvtours.com/public/vtour/display/1001938?idx=1#!/

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 768 Status: Closed

Current Price: $182,500 List Date: 4/11/2018 Last Modified: 10/23/2026

Overview

Description

SAN MARCO! Pied-a-terre perfection in an amazing San Marco location. This little home packs a punch and is completely move in ready. Hardwood floors, beamed vaulted ceilings, equipped kitchen, off street parking. Incredible charm plus convenience that will put a smile on your face everyday. Walk to everything San Marco has to offer, shopping, dining, parks, literally steps from your door. Home was been completely renovated from top to bottom so you can turn the key and start enjoying it right away. If San Marco is where you want to be then SEE THIS HOUSE!

Listing Details MLS# 930624

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 768
Living Area Source: Public Records
Year Built: 1958
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From Atlantic and Hendricks drive North on Hendricks Ave toward St Johns River. Turn left onto Cedar, to 1414 Cedar Street. Across from Panera Bread.
Public Remarks: SAN MARCO! Pied-a-terre perfection in an amazing San Marco location. This little home packs a punch and is completely move in ready. Hardwood floors, beamed vaulted ceilings, equipped kitchen, off street parking. Incredible charm plus convenience that will put a smile on your face everyday. Walk to everything San Marco has to offer, shopping, dining, parks, literally steps from your door. Home was been completely renovated from top to bottom so you can turn the key and start enjoying it right away. If San Marco is where you want to be then SEE THIS HOUSE!
List Price/SqFt: 244.14
Sold Price/SqFt: 237.63

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Other Appliances: Dishwasher; Electric Range; Electric Water Heater; Microwave; Refrigerator Flooring: Wood Utilities: Cable Available Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Security Features: Security System Owned Construction Materials: Brick Veneer; Concrete; Stucco Pool Features: None Roof: Shingle Parking Features: Other Lot Features: Historic Area Fencing: Back Yard; Fenced; Full Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2018-04-11

Location Tax and Legal

Street Number: 1414
Street Name: CEDAR
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32207
MLS Area Major: 011-San Marco
Subdivision Name: San Marco

Status Change Information

Major Change Timestamp: 2018-06-05T02:17:49Z
Major Change Type: Status Change
Purchase Contract Date: 2018-04-16
Close Date: 2018-06-04
Close Price: 182500

Historical Information

Public Historical Remarks 2: Interior Amenities-Ceiling 8+ Ft.: Y

More Information

Documents

Lead Based Paint Disclosure ›

Recent comp SOLD ›

Survey ›

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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