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# 930758)

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 Income Bedrooms: 2 Baths: 1 Square Footage: 768 Status: Closed

Current Price: $182,500 List Date: 4/12/2018 Last Modified: 10/23/2026

Overview

Description

Unbeatable location in the heart of San Marco. If you've been looking for a property for an Air B-n-B business or corporate furnished rental HERE IT IS. Easy walk to the following businesses: Bold Bean Coffee, Good Dough Donuts, V Pizza, Panera Bread, La Nopalera, Aardwolf Brewing Company and many more! A short stroll to San Marco Square and one mile to the San Marco riverfront business district. Completely turn key so you can make money from day one! Call Jason to discuss the possibilities!

Listing Details MLS# 930758

General Property Information

Number Of Units Total: Yes
Bedrooms Total: 2
Bathrooms Total: Yes
Bathrooms Full: Yes
Living Area: 768
Living Area Source: Public Records
Year Built: 1958
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: Yes
Stories: Yes
Directions: From Atlantic Blvd and Hendricks Ave go north on Hendricks Ave to left on Cedar to 1414 Cedar Street.
Public Remarks: Unbeatable location in the heart of San Marco. If you've been looking for a property for an Air B-n-B business or corporate furnished rental HERE IT IS. Easy walk to the following businesses: Bold Bean Coffee, Good Dough Donuts, V Pizza, Panera Bread, La Nopalera, Aardwolf Brewing Company and many more! A short stroll to San Marco Square and one mile to the San Marco riverfront business district. Completely turn key so you can make money from day one! Call Jason to discuss the possibilities!
List Price/SqFt: 244.14
Sold Price/SqFt: 237.63

Property Features

Cooling: Central Air Heating: Central Parking Features: Other Pool Features: None Possession: Negotiable Road Surface Type: Asphalt

Contract Information

Listing Contract Date: 2018-04-12

Location Tax and Legal

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

Status Change Information

Major Change Timestamp: 2018-06-05T02:20:36Z
Major Change Type: Status Change
Purchase Contract Date: 2018-04-16
Close Date: 2018-06-04
Close Price: 182500

Historical Information

Public Historical Remarks 1: Number of Buildings: 1 Building
Public Historical Remarks 2: Type-Sngl Family-Detached: Y
Public Historical Remarks 3: Current Zoning: R MD

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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