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.

1604 ARCADIA 316, Jacksonville, FL (MLS# 780907)

1604 ARCADIA 316, Jacksonville, FL

$62,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,155 Status: Closed

Current Price: $62,000 List Date: 7/06/2015 Last Modified: 10/23/2026

Overview

Description

Incredibly private and quiet, this Rose Creek ground floor unit overlooks the serene wetlands from the rear porch, living room and Master bedroom.Just a few steps to the beautiful community pool.Updated kitchen features 42'' Ikea cabinets with custom lighting. Tile , fireplace, and built-ins highlight the large living area. Cool hallway bath is completely redesign for efficiency and ease of use. Super central location between the great neighborhoods of San Marco and San Jose. All appliances stay. A really nice place, and priced to sell. See it today.

Listing Details MLS# 780907

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1155
Living Area Source: Public Records
Year Built: 1986
Association YN: Yes
Association Fee: 325
Association Fee Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 50
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: Yes
Stories Total: 3
Entry Level: Yes
Directions: From University and San Jose, go North until Arcadia. Turn right and drive straight back to Rose Creek Condo. Bear to the left entrance and drive all the way down.
Public Remarks: Incredibly private and quiet, this Rose Creek ground floor unit overlooks the serene wetlands from the rear porch, living room and Master bedroom.Just a few steps to the beautiful community pool.Updated kitchen features 42'' Ikea cabinets with custom lighting. Tile , fireplace, and built-ins highlight the large living area. Cool hallway bath is completely redesign for efficiency and ease of use. Super central location between the great neighborhoods of San Marco and San Jose. All appliances stay. A really nice place, and priced to sell. See it today.
List Price/SqFt: 55.84
Sold Price/SqFt: 53.68

Property Features

Approx Parcel Size: Condo-NA Architectural Style: Flat Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Refrigerator; Washer Interior Features: Breakfast Bar; Kitchen Island; Walk-In Closet(s) Flooring: Tile Cooling: Central Air Heating: Central Water Source: Public Construction Materials: Frame; Wood Siding Roof: Shingle Parking Features: Unassigned Lot Features: Wooded Waterfront Features: Marsh Current Use: Multi-Family Association Amenities: Community Pool; Management - Full Time Association Fee Includes: Insurance Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2015-07-04

Location Tax and Legal

Street Number: 1604
Street Name: ARCADIA
County: Duval
State: FL
MLS Area Major: 012-San Jose
Subdivision Name: Rose Creek Condo

Status Change Information

Major Change Timestamp: 2015-09-11T17:10:50Z
Major Change Type: Status Change
Purchase Contract Date: 2015-08-03
Close Date: 2015-09-09
Close Price: 62000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Waterfront Descrpt-Tidal: Y
Public Historical Remarks 2: Dining-Living/Dining Combo: Y, Interior Amenities-Sliding Glass Door(s): Y
Public Historical Remarks 3: Unit Type: Flat, Ground Level, Occupant Type: Vacant -Lockbox, Back-Ups Accepted

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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