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.

1616 ABERDEEN Street, Jacksonville, FL 32205 (MLS# 2169687)

1616 ABERDEEN Street, Jacksonville, FL 32205

$370,000

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 986 Lot Size (sq. ft.): 2,178 Status: Active Under Contract

Current Price: $370,000 List Date: 10/16/2026 Last Modified: 10/29/2026

Overview

Description

Welcome to a super cute craftsman style home with a 100 year history of memories and it's just waiting for you to start it's next 100 years. Located on the last remaining brick road that featured the street cars of the early 1900's. Sit on the screened front porch and imagine you're back on old Riverside. Inside you're treated to original wood floors and subway tile in the bathroom. Step into the kitchen and master your chef skills on the gas stovetop. This home is being offered with a $5,000 rate buydown to help with the increased mortgage rates.

Listing Details MLS# 2169687

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 986
Living Area Source: Public Records
Year Built: 1926
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.05
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Direction Faces: Northeast
Directions: From Roosevelt Blvd to south on McDuff Ave. Go right on Park St and left on Aberdeen Street
Public Remarks: Welcome to a super cute craftsman style home with a 100 year history of memories and it's just waiting for you to start it's next 100 years. Located on the last remaining brick road that featured the street cars of the early 1900's. Sit on the screened front porch and imagine you're back on old Riverside. Inside you're treated to original wood floors and subway tile in the bathroom. Step into the kitchen and master your chef skills on the gas stovetop. This home is being offered with a $5,000 rate buydown to help with the increased mortgage rates.
List Price/SqFt: 375.25

Property Features

Architectural Style: Craftsman Levels: One Appliances: Dishwasher; Electric Oven; Gas Range; Refrigerator; Washer/Dryer Stacked Fireplace Features: Wood Burning Interior Features: Ceiling Fan(s) Flooring: Marble; Wood Utilities: Electricity Available; Sewer Connected Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Construction Materials: Frame Exterior Features: Outdoor Shower Patio And Porch Features: Covered; Front Porch; Porch; Screened Roof: Shingle Parking Features: Off Street Lot Features: Historic Area Current Use: Residential Community Features: Curbs; Sidewalks Road Frontage Type: Alley; City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Inspection; Lender Approval

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-15

Location Tax and Legal

Street Number: 1616
Street Name: ABERDEEN
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 032-Avondale
Subdivision Name: **verifying Subd**

Status Change Information

Major Change Timestamp: 2026-10-29T19:25:40Z
Major Change Type: Status Change
Contingency: Active Under Contract
Contingent Date: 2026-10-29

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: Yes

Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS

Last Updated: October - 29 - 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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