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.

1634 3RD Avenue, Jacksonville Beach, FL 32250 (MLS# 1108082)

1634 3RD Avenue, Jacksonville Beach, FL 32250

$475,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,678 Status: Closed

Current Price: $475,000 List Date: 5/03/2021 Last Modified: 2/08/2025

Overview

Description

3 Bedroom 2 bath home with 1 car garage and workshop off garage. Downstairs master bedroom. Large storage room off upstairs bedroom. Less than 1/2 mile from a public boat ramp and biking distance to the beach. This home is located in a quiet family neighborhood.

Listing Details MLS# 1108082

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1678
Living Area Source: Public Records
Year Built: 1960
Association YN: No
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Directions: Penmen Road to west on 4th Ave North to 18th turn left one block turn on 3rd ave north.
Public Remarks: 3 Bedroom 2 bath home with 1 car garage and workshop off garage. Downstairs master bedroom. Large storage room off upstairs bedroom. Less than 1/2 mile from a public boat ramp and biking distance to the beach. This home is located in a quiet family neighborhood.
List Price/SqFt: 297.91
Sold Price/SqFt: 283.08

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Ranch Appliances: Disposal; Electric Range; Electric Water Heater; Microwave; Refrigerator Interior Features: Eat-in Kitchen; Primary Bathroom - Shower No Tub; Primary Downstairs Flooring: Carpet Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Security Features: Fire Sprinkler System Patio And Porch Features: Deck Pool Features: None Roof: Shingle Parking Features: Detached; Garage; Garage Door Opener Current Use: Residential; Single Family Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2021-05-03

Location Tax and Legal

Street Number: 1634
Street Name: 3RD
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32250
MLS Area Major: 213-Jacksonville Beach-NW
Subdivision Name: Pine Grove

Status Change Information

Major Change Timestamp: 2021-06-16T23:48:16Z
Major Change Type: Status Change
Purchase Contract Date: 2021-05-10
Close Date: 2021-06-16
Close Price: 475000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Storage Room: Y
Public Historical Remarks 2: Dining-Living/Dining Combo: Y
Public Historical Remarks 3: Occupant Type: Vacant, Vacant -Lockbox

Listing Office: A1A REALTY SERVICES, INC.

Last Updated: February - 08 - 2025

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.