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.

1544 LORIMIER Road, Jacksonville, FL (MLS# 818915)

1544 LORIMIER Road, Jacksonville, FL

$360,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,748 Status: Closed

Current Price: $360,000 List Date: 3/18/2016 Last Modified: 10/23/2026

Overview

Description

Great opportunity in the heart of San Marco, Jacksonville's premier Historic neighborhood. Perfectly situated between Hendricks Ave Elementary and San Marco Square, this one story full brick beauty boasts a huge formal living room with fireplace, formal dining room, modern kitchen with granite countertops, 3 bedrooms and 2 baths. Solid oak hardwood flooring throughout, plus a sweet Florida room with a great view of the lush fenced in rear yard. One car garage plus workshop. All systems updated and a true turn key property. An easy walk or bike ride to all that San Marco offers, dining, shopping, parks and more. Pre-inspected for Buyers peace of mind. Do not miss out on this wonderful home, see it today!

Listing Details MLS# 818915

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1748
Living Area Source: Public Records
Year Built: 1949
Homestead YN: Yes
Lot Size Dimensions: 123 x 76
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From San Marco Square head South on Hendricks Ave. Turn left on to Lorimier (less than a mile). House on the right.
Public Remarks: Great opportunity in the heart of San Marco, Jacksonville's premier Historic neighborhood. Perfectly situated between Hendricks Ave Elementary and San Marco Square, this one story full brick beauty boasts a huge formal living room with fireplace, formal dining room, modern kitchen with granite countertops, 3 bedrooms and 2 baths. Solid oak hardwood flooring throughout, plus a sweet Florida room with a great view of the lush fenced in rear yard. One car garage plus workshop. All systems updated and a true turn key property. An easy walk or bike ride to all that San Marco offers, dining, shopping, parks and more. Pre-inspected for Buyers peace of mind. Do not miss out on this wonderful home, see it today!
List Price/SqFt: 197.37
Sold Price/SqFt: 205.95

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Appliances: Dishwasher; Electric Range; Electric Water Heater; Refrigerator Interior Features: Primary Bathroom - Shower No Tub Flooring: Wood Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Construction Materials: Brick; Frame Patio And Porch Features: Deck Pool Features: None Roof: Shingle Parking Features: Detached; Garage Lot Features: Historic Area; Irregular Lot Fencing: Back Yard 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: 2016-03-18

Location Tax and Legal

Street Number: 1544
Street Name: LORIMIER
Street Suffix: Road
County: Duval
State: FL
MLS Area Major: 011-San Marco
Subdivision Name: Brookwood Terrace

Status Change Information

Major Change Timestamp: 2016-05-04T20:42:05Z
Major Change Type: Status Change
Purchase Contract Date: 2016-04-01
Close Date: 2016-05-04
Close Price: 360000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 2: Interior Amenities-Ceiling 8+ Ft.: Y
Public Historical Remarks 3: Occupant Type: Special Instructions, 24 hour notice, Occupied, Appointment

Room Information

Room Name
Utility Room

Listing Office: INI REALTY

Last Updated: October - 23 - 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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