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.

1537 INWOOD Terrace, Jacksonville, FL 32207 (MLS# 2059326)

1537 INWOOD Terrace, Jacksonville, FL 32207

$349,900

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,340 Lot Size (sq. ft.): 5,663 Status: Closed

Current Price: $349,900 List Date: 12/04/2024 Last Modified: 10/27/2026

Overview

Description

Charming 2-bedroom, 2-bath home in the heart of San Marco! Built in 1939, this 1,340 sq. ft. gem features newly refinished wood floors, fireplace, a spacious owner's suite, and a cozy wood deck overlooking a fenced backyard. The detached 1-car garage offers extra storage, and the home boasts timeless curb appeal. Enjoy a central location just steps from Hendricks Elementary, local parks, and the vibrant San Marco Square. Perfect for those seeking classic charm and convenience in one of Jacksonville's most desirable neighborhoods!

Listing Details MLS# 2059326

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1340
Living Area Source: Public Records
Year Built: 1939
Lot Size Acres: 0.13
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: From the corner of Atlantic Blvd. and Hendricks Ave. head south on Hendricks Ave., left on Inwood Terrace, house is on the left
Public Remarks: Charming 2-bedroom, 2-bath home in the heart of San Marco! Built in 1939, this 1,340 sq. ft. gem features newly refinished wood floors, fireplace, a spacious owner's suite, and a cozy wood deck overlooking a fenced backyard. The detached 1-car garage offers extra storage, and the home boasts timeless curb appeal. Enjoy a central location just steps from Hendricks Elementary, local parks, and the vibrant San Marco Square. Perfect for those seeking classic charm and convenience in one of Jacksonville's most desirable neighborhoods!
List Price/SqFt: 261.12
Sold Price/SqFt: 261.12

Property Features

Appliances: Dishwasher; Electric Range; Refrigerator Interior Features: Primary Bathroom - Tub with Shower Flooring: Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Patio And Porch Features: Deck Roof: Shingle Parking Features: Detached; Garage Fencing: Back Yard Current Use: Residential Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2024-12-03

Location Tax and Legal

Street Number: 1537
Street Name: INWOOD
Street Suffix: Terrace
County: Duval
State: FL
Postal Code: 32207
MLS Area Major: 011-San Marco
Subdivision Name: South Riverside

Status Change Information

Major Change Timestamp: 2025-01-29T01:17:42Z
Major Change Type: Status Change
Purchase Contract Date: 2024-12-17
Close Date: 2025-01-28
Close Price: 349900

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Documents

No property disclosure ›

Seller addendum ›

Listing Office: ALLISON JAMES ESTATES AND HOMES FLORIDA

Last Updated: October - 27 - 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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