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.

1504 Beecher Lane, Orange Park, FL 32073 (MLS# 1092671)

1504 Beecher Lane, Orange Park, FL 32073

$222,500

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,430 Status: Closed

Current Price: $222,500 List Date: 1/29/2021 Last Modified: 1/18/2026

Overview

Description

Come see this charming WATERFRONT home nestled on the banks of peaceful Wells Lake. This quiet neighborhood has little traffic and no thruway yet is convenient to I-295, NAS JAX, shopping, dining and more! The home has loads of potential and is in a great location. Wells Lake is perfect for freshwater fishing, kayaking or feeding the turtles and provides a relaxing oasis right in the heart of Orange Park!

Listing Details MLS# 1092671

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1430
Living Area Source: Public Records
Year Built: 1994
Association YN: Yes
Association Fee: 270
Association Fee Frequency: Annually
Association Name: Wells Lake HOA
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: Yes
Directions: From Wells Rd Turn onto Crossing Blvd, then left onto Beecher Lane. Home is on the left.
Public Remarks: Come see this charming WATERFRONT home nestled on the banks of peaceful Wells Lake. This quiet neighborhood has little traffic and no thruway yet is convenient to I-295, NAS JAX, shopping, dining and more! The home has loads of potential and is in a great location. Wells Lake is perfect for freshwater fishing, kayaking or feeding the turtles and provides a relaxing oasis right in the heart of Orange Park!
List Price/SqFt: 160.84
Sold Price/SqFt: 155.59

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Flat Appliances: Dishwasher; Electric Range; Electric Water Heater; Refrigerator Fireplace Features: Wood Burning Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Security System Owned Construction Materials: Stucco Pool Features: None Roof: Shingle View: Water Waterfront Features: Lake Front Current Use: Residential Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2021-01-29

Location Tax and Legal

Street Number: 1504
Street Name: Beecher
Street Suffix: Lane
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 132-Bellair/Grove Park
Subdivision Name: Wells Lake

Status Change Information

Major Change Timestamp: 2021-04-24T00:20:46Z
Major Change Type: Status Change
Purchase Contract Date: 2021-02-05
Close Date: 2021-04-20
Close Price: 222500

More Information

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: January - 18 - 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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