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.

1605 PARKWOOD Street, Jacksonville, FL 32207 (MLS# 1149902)

1605 PARKWOOD Street, Jacksonville, FL 32207

$380,000

Kitchen and Laundry/Storage Entrancem-12

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,343 Status: Closed

Current Price: $380,000 List Date: 1/22/2022 Last Modified: 10/23/2026

Overview

Description

RECENTLY STAGED! COME SEE US! Lovely, renovated home in south San Marco! This 2343 square foot home sits on a large corner lot. Roof, A/C, hot water heater, septic, and drain fields are all only four years old! Gorgeous, renovated bathrooms and large eat-in kitchen which features butcher block counters and a stainless farmhouse sink. Home is freshly painted and offers 3 bedrooms, 2 baths, a study, a bonus room/playroom or additional bedroom, Florida room, and L shaped family/dining room plus large indoor laundry/utility room. Wood laminate flooring in main rooms and study, tile in all wet areas including kitchen. Backyard is fenced and lush with a charming side patio which is a great place to relax or entertain. Large parking area at the side of the house accommodates up to 4 vehicles

Supplements: Come take a tour, this is the home you have been waiting for!

Listing Details MLS# 1149902

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2343
Living Area Source: Public Records
Year Built: 1949
Association YN: No
CDD Fee YN: No
New Construction YN: No
Carport Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: West on University Blvd, take right on San Jose Blvd, stay right on Hendricks Ave, right onto Parkwood Rd, property on the Left, corner lot.
Public Remarks: RECENTLY STAGED! COME SEE US! Lovely, renovated home in south San Marco! This 2343 square foot home sits on a large corner lot. Roof, A/C, hot water heater, septic, and drain fields are all only four years old! Gorgeous, renovated bathrooms and large eat-in kitchen which features butcher block counters and a stainless farmhouse sink. Home is freshly painted and offers 3 bedrooms, 2 baths, a study, a bonus room/playroom or additional bedroom, Florida room, and L shaped family/dining room plus large indoor laundry/utility room. Wood laminate flooring in main rooms and study, tile in all wet areas including kitchen. Backyard is fenced and lush with a charming side patio which is a great place to relax or entertain. Large parking area at the side of the house accommodates up to 4 vehicles
List Price/SqFt: 162.19
Sold Price/SqFt: 162.19

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Built-in Features; Eat-in Kitchen; In-Law Floorplan; Primary Bathroom - Shower No Tub; Primary Downstairs Flooring: Carpet; Tile; Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Septic Tank Construction Materials: Stucco Pool Features: None Roof: Shingle Parking Features: Additional Parking Lot Features: Corner Lot Fencing: Back Yard; Chain Link 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: 2022-01-19

Location Tax and Legal

Street Number: 1605
Street Name: PARKWOOD
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32207
MLS Area Major: 011-San Marco
Subdivision Name: South Riverside

Status Change Information

Major Change Timestamp: 2022-03-08T21:05:20Z
Major Change Type: Status Change
Purchase Contract Date: 2022-02-16
Close Date: 2022-03-04
Close Price: 380000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Self Cleaning Oven: Y
Public Historical Remarks 2: Energy Features-Ceiling Fan(s): Y, Dining-Dining 'L': Y

Room Information

Room Name
Florida Room
Office
Utility Room

Documents

Offer Instructions ›

Seller's Disclosure ›

Lead Based Paint Disclosure ›

Listing Office: CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST

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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