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.

16289 MAGNOLIA GROVE Way, Jacksonville, FL 32218 (MLS# 2167852)

16289 MAGNOLIA GROVE Way, Jacksonville, FL 32218

$2,100

Property Type: Residential Lease Bedrooms: 3 Baths: 5 Square Footage: 1,754 Lot Size (sq. ft.): 7,405 Status: Pending

Current Price: $2,100 List Date: 10/05/2026 Last Modified: 10/30/2026

Overview

Description

Discover the perfect blend of comfort and convenience in this stunning 3-bedroom, 2-bath home, boasting nearly 1,800 sq. ft. of living space! Nestled in a welcoming neighborhood, this property is designed for family living and entertaining. Enjoy access to a fantastic family amenities center, complete with parks, playgrounds, and recreational facilities--ideal for weekend fun and family bonding! Spacious open layout with abundant natural light Modern kitchen with ample storage. Organized garage for all your tools and toys. Generous bedrooms with plenty of closet space Inviting fenced backyard featuring a paved patio--perfect for BBQs and gatherings!

Listing Details MLS# 2167852

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Half: 2
Bathrooms Total: 5
Living Area: 1754
Living Area Source: Public Records
Year Built: 2011
Lot Size Acres: 0.17
Association YN: Yes
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: Yes
Senior Community YN: No
Directions: I-95 To Exit 366 Pecan Road East Make Left on North Main Street Community on Right just before Yellow Bluff Road.
Public Remarks: Discover the perfect blend of comfort and convenience in this stunning 3-bedroom, 2-bath home, boasting nearly 1,800 sq. ft. of living space! Nestled in a welcoming neighborhood, this property is designed for family living and entertaining. Enjoy access to a fantastic family amenities center, complete with parks, playgrounds, and recreational facilities--ideal for weekend fun and family bonding! Spacious open layout with abundant natural light Modern kitchen with ample storage. Organized garage for all your tools and toys. Generous bedrooms with plenty of closet space Inviting fenced backyard featuring a paved patio--perfect for BBQs and gatherings!
List Price/SqFt: 1.2

Property Features

Additional Lease Terms: 12 Months Owner Pays: Association Fees Architectural Style: Traditional Levels: One Appliances: Dishwasher; Dryer; Electric Oven; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Eat-in Kitchen; Entrance Foyer; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Walk-In Closet(s) Laundry Features: In Unit Association Amenities: Barbecue; Basketball Court; Children's Pool; Clubhouse; Community Pool; Playground; Tennis Court(s); Other Water Source: Public Parking Features: Attached; Garage Sewer: Public Sewer Utilities: Cable Available Cooling: Central Air Heating: Central Road Surface Type: Asphalt Road Frontage Type: City Street Tenant Pays: All Utilities Pets Allowed: Dogs OK

Contract Information

Rental Service: Other
Property Sub Type: Single Family Residence
Listing Contract Date: 2026-10-05
Lease Term: 12 Months

Location Tax and Legal

Street Number: 16289
Street Name: MAGNOLIA GROVE
Street Suffix: Way
State: FL
County: Duval
Postal Code: 32218
MLS Area Major: 092-Oceanway/Pecan Park
Subdivision Name: Yellow Bluff Hideaway

Status Change Information

Major Change Timestamp: 2026-10-30T15:45:44Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-30

Deposits and Fees

Application Fee: 75
Pet Fee/Deposit: 300
Security Deposit: 2100

More Information

Documents

getting approved ›

rental policies ›

sample lease ›

Rental terms & conditions ›

Selection criteria ›

Listing Office: NAVY TO NAVY HOMES LLC

Last Updated: October - 30 - 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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