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.

1516 W 25TH Street, Jacksonville, FL 32209 (MLS# 2171606)

1516 W 25TH Street, Jacksonville, FL 32209

New Listing

$125,000

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,142 Lot Size (sq. ft.): 3,485 Status: Active

Current Price: $125,000 List Date: 10/30/2026 Last Modified: 10/30/2026

Overview

Description

Get twice the yard as your neighbors! The sale of 1516 W 25th St includes the vacant lot next door, giving you extra outdoor space to enjoy and make your own. Imagine weekend cookouts, a garden, outdoor games or more room to relax. This 3-bedroom, 1-bath home offers approximately 950 square feet, pairing a manageable interior with a yard that sets it apart. Nearby Simonds-Johnson Park offers a playground, basketball, baseball and picnic areas, adding more ways to enjoy time outdoors. UF Health Jacksonville and Downtown Jacksonville are also area destinations for work, dining and entertainment. Whether you're searching for a place to call home or exploring your next rental investment, the included lot adds flexibility and a compelling reason to take a closer look. Bring your ideas, explore the possibilities and picture how you would use the additional space. A home plus the vacant lot next door: more room for everyday living, weekend gatherings and whatever makes a place feel like home.

Listing Details MLS# 2171606

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 950
Living Area Source: Public Records
Building Area Total: 1142
Year Built: 1950
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.08
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Directions: From Downtown Jacksonville, take I-95 North to Exit 354B toward US-1/MLK Parkway. Turn right onto Moncrief Rd, then left onto W 25th St. Continue to 1516 W 25th St, Jacksonville, FL 32209.
Public Remarks: Get twice the yard as your neighbors! The sale of 1516 W 25th St includes the vacant lot next door, giving you extra outdoor space to enjoy and make your own. Imagine weekend cookouts, a garden, outdoor games or more room to relax. This 3-bedroom, 1-bath home offers approximately 950 square feet, pairing a manageable interior with a yard that sets it apart. Nearby Simonds-Johnson Park offers a playground, basketball, baseball and picnic areas, adding more ways to enjoy time outdoors. UF Health Jacksonville and Downtown Jacksonville are also area destinations for work, dining and entertainment. Whether you're searching for a place to call home or exploring your next rental investment, the included lot adds flexibility and a compelling reason to take a closer look. Bring your ideas, explore the possibilities and picture how you would use the additional space. A home plus the vacant lot next door: more room for everyday living, weekend gatherings and whatever makes a place feel like home.
List Price/SqFt: 131.58

Property Features

Levels: One Appliances: Electric Oven; Electric Range; Microwave; Refrigerator Flooring: Luxury Vinyl Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Patio And Porch Features: Covered; Front Porch; Porch Roof: Shingle Parking Features: Off Street Lot Features: Other Current Use: Investment; Residential; Single Family Community Features: Curbs; Sidewalks; Street Lights Road Frontage Type: City Street Road Surface Type: Asphalt 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: 2026-08-20

Location Tax and Legal

Street Number: 1516
Street Direction Prefix: W
Street Name: 25TH
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32209
MLS Area Major: 075-Trout River/College Park/Ribault Manor
Subdivision Name: Moncreif Park

Status Change Information

Major Change Timestamp: 2026-10-30T16:37:14Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: 904 REALTY LLC

Last Updated: October - 30 - 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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