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.

1522 YELFORD Circle, Jacksonville, FL 32218 (MLS# 2122842)

1522 YELFORD Circle, Jacksonville, FL 32218

$879,900

Property Type: Residential Income Bedrooms: 8 Baths: 8 Square Footage: 4,180 Lot Size (sq. ft.): 4,792 Status: Pending

Current Price: $879,900 List Date: 10/09/2026 Last Modified: 10/30/2026

Overview

Description

Four units, one exciting investment opportunity! This fully tenant-occupied quadplex features 2 bedrooms and 2 bathrooms in each unit, with an established rental income stream. Current leases run through February 2027, March 2027, June 2027, and September 2027, offering staggered lease expirations. Whether you're expanding your rental portfolio or purchasing your first multifamily investment, this property is an opportunity worth exploring!

Listing Details MLS# 2122842

General Property Information

Number Of Units Total: 4
Bedrooms Total: 8
Bathrooms Total: 8
Bathrooms Full: 8
Living Area: 4180
Living Area Source: Builder
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2025-02-04
Garage YN: No
Carport YN: No
Lot Size Acres: 0.11
Association YN: No
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories Total: 2
Stories: Yes
Directions: From I-95, take Exit 362A for US-17 North/Lem Turner Rd. Continue north on Lem Turner Rd approximately 2.5 miles. Turn right onto Yelford Cir. Property is located on the right at 1510 Yelford Cir.
Public Remarks: Four units, one exciting investment opportunity! This fully tenant-occupied quadplex features 2 bedrooms and 2 bathrooms in each unit, with an established rental income stream. Current leases run through February 2027, March 2027, June 2027, and September 2027, offering staggered lease expirations. Whether you're expanding your rental portfolio or purchasing your first multifamily investment, this property is an opportunity worth exploring!
List Price/SqFt: 210.5

Property Features

Appliances: Dishwasher; Electric Range; Refrigerator Cooling: Central Air Current Use: Multi-Family Flooring: Vinyl Heating: Central Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Cleared Parking Features: Parking Lot Possession: Close Of Escrow Road Surface Type: Asphalt Roof: Shingle Utilities: Cable Available; Electricity Available; Water Available Water Source: Public

Contract Information

Listing Contract Date: 2025-12-30
Property Sub Type: Quadruplex

Location Tax and Legal

Street Number: 1522
Street Name: YELFORD
Street Suffix: Circle
County: Duval
State: FL
Postal Code: 32218
Subdivision Name: Biscayne Villas
MLS Area Major: 091-Garden City/Airport

Status Change Information

Major Change Timestamp: 2026-10-30T12:49:52Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-20

Currently Not Used

Property Attached YN: No
yn11: No

More Information

Unit 1 Details

Unit ID: 101
Actual Rent: 1450
Unit SqFt: 1040
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: This unit is currently tenant occupied

Unit 2 Details

Unit ID: 102
Actual Rent: 1450
Unit SqFt: 1040
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: This unit is currently tenant occupied

Unit 3 Details

Unit ID: 201
Actual Rent: 1450
Unit SqFt: 1040
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: This unit is currently tenant occupied

Unit 4 Details

Unit ID: 202
Actual Rent: 1349
Unit SqFt: 1040
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: This unit is currently tenant occupied

Listing Office: SUNCOAST PROPERTY MANAGEMENT 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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