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.

1630 UNIVERSITY Boulevard S, Jacksonville, FL 32216 (MLS# 1158974)

1630 UNIVERSITY Boulevard S, Jacksonville, FL 32216

$350,000

JAXREP_1630_University_Blvd_South_Jackso

Property Type: Commercial Sale Square Footage: 1,836 Lot Size (sq. ft.): 6,970 Status: Closed

Current Price: $350,000 List Date: 10/23/2022 Last Modified: 10/22/2026

Overview

Description

Commercial building for sale located on high traffic University Blvd, Jacksonville, FL. Currently used as a Dry Cleaner, this highly visible building sits on .16 acres. Parcel zoned CCG-1. Building comes with drive through access. Great potential site for redevelopment. Surrounding Businesses include Walgreens, Sonny's BBQ, Wendy's, Dollar Tree and Pizza Hut. ** Please note, this is to only purchase the Dry Cleaning Building only.**

Listing Details MLS# 1158974

General Property Information

Number Of Units Total: Yes
Building Area Total: 1836
Building Area Source: Public Records
Year Built: 1967
Lot Size Acres: 0.16
Water Body Access YN: No
Waterfront YN: No
Stories Total: Yes
Directions: Where Atlantic Blvd & University Blvd intersect, take University Blvd S and 1630 University Blvd S, Jacksonville is on the right.
Public Remarks: Commercial building for sale located on high traffic University Blvd, Jacksonville, FL. Currently used as a Dry Cleaner, this highly visible building sits on .16 acres. Parcel zoned CCG-1. Building comes with drive through access. Great potential site for redevelopment. Surrounding Businesses include Walgreens, Sonny's BBQ, Wendy's, Dollar Tree and Pizza Hut. ** Please note, this is to only purchase the Dry Cleaning Building only.**
List Price/SqFt: 190.63
Sold Price/SqFt: 190.63

Property Features

Construction Materials: Concrete Current Use: Commercial; Investment; Retail; Other Heating: Central Listing Terms: Cash; Conventional; Owner May Carry Parking Features: Parking Lot Possession: Subject To Tenant Rights Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date: 2022-03-17
Property Sub Type: Mixed Use

Location Tax and Legal

Street Number: 1630
Street Name: UNIVERSITY
Street Suffix: Boulevard
Street Direction Suffix: S
County: Duval
State: FL
Postal Code: 32216
MLS Area Major: 021-St Nicholas Area

Status Change Information

Major Change Timestamp: 2022-12-27T14:31:07Z
Major Change Type: Status Change
Purchase Contract Date: 2022-11-03
Close Date: 2022-12-19
Close Price: 350000

Historical Information

Public Historical Remarks 1: Road Surface: Asphalt Road, Approx. Total SqFt: 2706.00, Number of Units: 1 - 4 Units, Column Spacing: N/A
Public Historical Remarks 2: Lot Location-Urban/City: Y, Energy Features-Exhaust Fans: Y, Number of Buildings: 1 Building, Ceiling Height: 10' - 12' Ceilings
Public Historical Remarks 3: Current Zoning: CCG-1

More Information

Listing Office: KELLER WILLIAMS JACKSONVILLE

Last Updated: October - 22 - 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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