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.

1541 IBIS Drive, Orange Park, FL 32065 (MLS# 1162781)

1541 IBIS Drive, Orange Park, FL 32065

$279,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,135 Status: Closed

Current Price: $279,000 List Date: 4/11/2022 Last Modified: 5/14/2026

Overview

Description

Welcome home. This 3 bedroom 2 bath home is located in a great part of Orange Park, Just mins away from the new Toll Road and not far from I-295. The convivence of shopping and stores is nearby. This home has a AC and Roof new from 2020. Fully renovated 2yrs ago inside and out and featuring open concept living room with vaulted ceilings, updated kitchen with new appliances 2 yrs old and dedicated breakfast nook, and master suite with updated private bath, there's something for everyone to love. Attached two car garage offers ample space for a workshop, and the large private yard is perfect for kids, pets, or entertaining in the beautiful Florida Summer! The back yard does extend a little past the fence. The owner didn't need it as big. Highest and Best offer by 5:00 Pm 4/13

Listing Details MLS# 1162781

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1135
Living Area Source: Public Records
Year Built: 1990
Association YN: Yes
Association Fee: 125
Association Fee Frequency: Annually
Association Name: Waterview Ridge
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From I-295 Head south on Blanding Blvd/State Rd 21 S toward Youngerman Cir. Turn left onto Kingfisher Blvd. Turn left onto Merganzer Trail. Turn right onto Ibis Dr. Home is on left.
Public Remarks: Welcome home. This 3 bedroom 2 bath home is located in a great part of Orange Park, Just mins away from the new Toll Road and not far from I-295. The convivence of shopping and stores is nearby. This home has a AC and Roof new from 2020. Fully renovated 2yrs ago inside and out and featuring open concept living room with vaulted ceilings, updated kitchen with new appliances 2 yrs old and dedicated breakfast nook, and master suite with updated private bath, there's something for everyone to love. Attached two car garage offers ample space for a workshop, and the large private yard is perfect for kids, pets, or entertaining in the beautiful Florida Summer! The back yard does extend a little past the fence. The owner didn't need it as big. Highest and Best offer by 5:00 Pm 4/13
List Price/SqFt: 237.8
Sold Price/SqFt: 245.81

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator Interior Features: Eat-in Kitchen; Primary Bathroom - Tub with Shower; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Patio And Porch Features: Front Porch; Patio Pool Features: None Roof: Shingle Parking Features: Additional Parking Fencing: Back Yard; Fenced; Wood Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2022-04-10

Location Tax and Legal

Street Number: 1541
Street Name: IBIS
Street Suffix: Drive
County: Clay
State: FL
Postal Code: 32065
MLS Area Major: 138-Tanglewood
Subdivision Name: Waterview Ridge

Status Change Information

Major Change Timestamp: 2022-05-23T12:27:02Z
Major Change Type: Status Change
Purchase Contract Date: 2022-04-18
Close Date: 2022-05-19
Close Price: 279000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 3: Intermediate School: Other

Documents

Offer instructions ›

HOA ›

Seller's Property Disclosure ›

Multiple offers ›

Listing Office: WATSON REALTY CORP

Last Updated: May - 14 - 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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