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.

1625 MONUMENT OAKS Drive, Jacksonville, FL 32225 (MLS# 2166663)

1625 MONUMENT OAKS Drive, Jacksonville, FL 32225

$290,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,512 Lot Size (sq. ft.): 8,276 Status: Closed

Current Price: $290,000 List Date: 9/26/2026 Last Modified: 10/28/2026

Overview

Description

Welcome to Monument Oaks. This home features an open and airy three bedroom split floor plan that highlights an upgraded front door, oversized screened lanai with extended patio and a glass atrium detail. The large kitchen was designed for lots of cabinetry that allows for plenty of room for cooking and entertaining. Large fenced backyard with a shed.

Listing Details MLS# 2166663

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1512
Living Area Source: Public Records
Year Built: 1980
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.19
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
Directions: 95 N. right on Monument Blvd Right on Monument Oaks. House on Left
Public Remarks: Welcome to Monument Oaks. This home features an open and airy three bedroom split floor plan that highlights an upgraded front door, oversized screened lanai with extended patio and a glass atrium detail. The large kitchen was designed for lots of cabinetry that allows for plenty of room for cooking and entertaining. Large fenced backyard with a shed.
List Price/SqFt: 188.49
Sold Price/SqFt: 191.8

Property Features

Levels: One Appliances: Dishwasher; Electric Range; Refrigerator Interior Features: Eat-in Kitchen; Split Bedrooms Flooring: Carpet; Laminate; Tile Utilities: Electricity Available Cooling: Central Air Heating: Central; Electric Water Source: Public Construction Materials: Stucco Exterior Features: Other Patio And Porch Features: Patio; Rear Porch; Screened Roof: Shingle Parking Features: Attached; Garage Fencing: Back Yard; Fenced; Wood Current Use: Single Family Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow; Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Lender Approval

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-09-26

Location Tax and Legal

Street Number: 1625
Street Name: MONUMENT OAKS
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32225
MLS Area Major: 042-Ft Caroline
Subdivision Name: Monument Oaks

Status Change Information

Major Change Timestamp: 2026-10-28T13:33:28Z
Major Change Type: Status Change
Purchase Contract Date: 2026-09-27
Close Date: 2026-10-27
Close Price: 290000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: SOUND INVESTMENTS REAL ESTATE

Last Updated: October - 28 - 2026

Broker Attribution: 9048384017

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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