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.

1623 Capistrano Avenue NW, Palm Bay, FL 32907 (MLS# 1083673)

1623 Capistrano Avenue NW, Palm Bay, FL 32907

$325,000

Virtual Tour

https://www.virtualtourcafe.com/mls/10009383

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,178 Lot Size (sq. ft.): 10,454 Status: Active

Current Price: $325,000 List Date: 8/14/2026 Last Modified: 11/14/2026

Overview

Description

UPDATE: CHECK OUT THE BRAND NEW METAL ROOF! Beautiful 3-bedroom, 2.5-bathroom single-family home with an office that could be used as 4th bedroom or an office. Spacious at 2,178 square feet of updated living space. 2-car garage, back screened deck. Wonderful, quiet neighborhood close to good schools, parks, and shopping. Large 0.24-acre lot (10,454 sq. ft.) in highly desirable Northwest Palm Bay. Perfect for a family!

Open Houses

Saturday, November 14, 12:00 pm - 3:00 pm
Saturday, November 21, 12:00 pm - 3:00 pm

Listing Details MLS# 1083673

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2178
Living Area Source: Public Records
Year Built: 2006
Accessory Dwelling Unit Y/N: No
Lot Size Acres: 0.24
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
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: West
List Price/SqFt: 149.22
Lot Size Square Feet: 10454
Community Fee(s) YN: No

Property Features

Architectural Style: Ranch Levels: One Appliances: Electric Oven; Electric Water Heater Interior Features: Eat-in Kitchen; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Walk-In Closet(s) Flooring: Laminate; Luxury Vinyl Laundry Features: Electric Dryer Hookup; In Unit Utilities: Electricity Connected Cooling: Central Air Heating: Central; Electric Electric: 200+ Amp Service; 220 Volts in Garage Water Source: Public Sewer: Aerobic Septic Construction Materials: Block; Stucco Patio And Porch Features: Rear Porch; Screened Parking Features: Garage Lot Features: Other Current Use: Residential Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2026-07-25
Start Showing Date: 2026-08-14
Comp Sale YN: No

Location Tax and Legal

Street Number: 1623
Street Name: Capistrano
Street Suffix: Avenue
Street Direction Suffix: NW
County: Brevard
State: FL
Postal Code: 32907
MLS Area Major: 344 - NW Palm Bay
Subdivision Name: Port Malabar Unit 44

Status Change Information

Major Change Timestamp: 2026-08-14T16:16:45Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-08-14T16:16:45Z

DPR Eligible

DPR Eligible: Yes

More Information

Location, Tax, and Legal

Tax Account: 2803132
General County Location: South
Flood Zone: X

Closing Company Details

Closing Company Name: Widerman Malek, PL
Closing Company Address: 1990 West New Haven Ave, 2nd Floor, Melbourne, FL 32904

Legal Details

Permission Granted to Advertise: Yes

Special Listing Conditions

Standard: Yes

Listing Office: Life in the Sun Luxury Homes,

Last Updated: November - 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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