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.

14386 PELICAN BAY Court, Jacksonville, FL 32224 (MLS# 2038187)

14386 PELICAN BAY Court, Jacksonville, FL 32224

$499,900

ISO 14386 Pelican Bay Ct Jacksonville FL

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,597 Lot Size (sq. ft.): 8,276 Status: Closed

Current Price: $499,900 List Date: 7/20/2024 Last Modified: 10/27/2026

Overview

Description

*SELLER PAYS 2/1 BUYDOWN, $600 SAVINGS IN MTG PYMT!!** Don't miss this NEWLY RENOVATED beauty!! So many details to list....1st Floor Primary Suite opens to back patio, offering views of the lush outdoor landscaping. Spa style bathroom w/ modern soaking tub, separate shower w/ frameless enclosure & walk in closet! You will love the teak hardwood flooring throughout the first floor giving the sunlit space character & style! The living room feels as if you are surrounded by the nature thanks to the high ceilings & large windows! Brand New bright kitchen includes stainless appliances, marble backsplash & quartz countertops. Indoor laundry, plenty of storage & 2 car garage. This property is ideally located close to the beach & shopping, just minutes from the Mayo Clinic. Easy living in this low-maintenance home with a LOW HOA & NO CDD. Sip your morning coffee on the enclosed lanai while peacefully watching the nature preserve & tidal creek in your backyard. AC 2021, NEW water heat

Listing Details MLS# 2038187

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1597
Living Area Source: Assessor
Year Built: 1998
Accessory Dwelling Unit Y/N: No
Lot Size Acres: 0.19
Association YN: Yes
Association Fee: 485
Association Fee Frequency: Annually
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: 2
Entry Level: Yes
Senior Community YN: No
Direction Faces: North
Directions: From Beach Blvd, North on San Pablo. right on Pelican Bay. home on right.
Public Remarks: *SELLER PAYS 2/1 BUYDOWN, $600 SAVINGS IN MTG PYMT!!** Don't miss this NEWLY RENOVATED beauty!! So many details to list....1st Floor Primary Suite opens to back patio, offering views of the lush outdoor landscaping. Spa style bathroom w/ modern soaking tub, separate shower w/ frameless enclosure & walk in closet! You will love the teak hardwood flooring throughout the first floor giving the sunlit space character & style! The living room feels as if you are surrounded by the nature thanks to the high ceilings & large windows! Brand New bright kitchen includes stainless appliances, marble backsplash & quartz countertops. Indoor laundry, plenty of storage & 2 car garage. This property is ideally located close to the beach & shopping, just minutes from the Mayo Clinic. Easy living in this low-maintenance home with a LOW HOA & NO CDD. Sip your morning coffee on the enclosed lanai while peacefully watching the nature preserve & tidal creek in your backyard. AC 2021, NEW water heat
List Price/SqFt: 313.02
Sold Price/SqFt: 313.02

Property Features

Levels: Two Property Condition: Updated/Remodeled Rental Restrictions: 6 Months Appliances: Dishwasher; Disposal; Electric Cooktop; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator Fireplace Features: Gas Interior Features: Breakfast Nook; Entrance Foyer; Open Floorplan; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Walk-In Closet(s) Flooring: Carpet; Wood Laundry Features: Electric Dryer Hookup; In Unit; Lower Level; Washer Hookup Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Smart Home Features: Bulbs; Lighting Construction Materials: Stucco Roof: Shingle Parking Features: Garage; Off Street View: Creek/Stream; Protected Preserve; Trees/Woods Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Financing; Inspection

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: Yes
Listing Contract Date: 2024-07-19

Location Tax and Legal

Street Number: 14386
Street Name: PELICAN BAY
Street Suffix: Court
County: Duval
State: FL
Postal Code: 32224
MLS Area Major: 025-Intracoastal West-North Of Beach Blvd
Subdivision Name: Pelican Bay

Status Change Information

Major Change Timestamp: 2025-02-15T00:26:51Z
Major Change Type: Status Change
Price Change Timestamp: 2024-10-18T15:22:33Z
Purchase Contract Date: 2025-01-09
Close Date: 2025-02-14
Close Price: 499900

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS

Last Updated: October - 27 - 2026

Information deemed reliable but not guaranteed.