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.

144 SPRING Street, Jacksonville, FL 32254 (MLS# 2147963)

144 SPRING Street, Jacksonville, FL 32254

$120,000

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 864 Status: Pending

Current Price: $120,000 List Date: 5/31/2026 Last Modified: 10/28/2026

Overview

Description

Property is being offered AS-IS at a discounted price, presenting an excellent opportunity for investors or buyers looking to add value. This beautiful 3-bedroom, 1-bathroom concrete block home features great bones, a bright and clean interior, an elegant feel, and a well-designed layout that offers comfortable and functional living space. Located on Jacksonville's Northwest side, the home has strong potential and just needs a few updates to get it back up and running. This property may be purchased individually or as part of a larger portfolio. Complete list of properties, is available. The entire portfolio may be acquired using a ''subject-to'' financing structure, subject to mutually acceptable terms.

Listing Details MLS# 2147963

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 864
Living Area Source: Assessor
Year Built: 1963
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: Yes
Carport Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: From I-10, take Exit 360, head north onto Mcduff to Spring St. Turn right onto Spring St and the house will be on the right.
Public Remarks: Property is being offered AS-IS at a discounted price, presenting an excellent opportunity for investors or buyers looking to add value. This beautiful 3-bedroom, 1-bathroom concrete block home features great bones, a bright and clean interior, an elegant feel, and a well-designed layout that offers comfortable and functional living space. Located on Jacksonville's Northwest side, the home has strong potential and just needs a few updates to get it back up and running. This property may be purchased individually or as part of a larger portfolio. Complete list of properties, is available. The entire portfolio may be acquired using a ''subject-to'' financing structure, subject to mutually acceptable terms.
List Price/SqFt: 138.89

Property Features

Appliances: Electric Range; Electric Water Heater Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Parking Features: Carport Current Use: Residential Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-05-29

Location Tax and Legal

Street Number: 144
Street Name: SPRING
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32254
MLS Area Major: 074-Paxon
Subdivision Name: Fehrenbachs

Status Change Information

Major Change Timestamp: 2026-10-28T21:42:22Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-28

DPR Eligible

DPR Eligible: No

More Information

Listing Office: ZALLOUM REALTY LLC

Last Updated: October - 28 - 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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