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.

1653 SHERIDAN Street, Jacksonville, FL 32207 (MLS# 2135275)

1653 SHERIDAN Street, Jacksonville, FL 32207

$1,100

Property Type: Residential Lease Bedrooms: 2 Baths: 3 Square Footage: 720 Lot Size (sq. ft.): 13,504 Status: Closed

Current Price: $1,100 List Date: 3/17/2026 Last Modified: 10/26/2026

Overview

Description

This 2 bedroom 1 bath 720 SF unit in San Marco 1st floor unit. It features a newer kitchen, indoor full size washer/dryer, and tile through the living room, bathroom and kitchen. This home has a large front porch. The property is located within walking distance to the desired Hendricks Elementary school, metro diner, and 1 mile from the new San Marco Publix. Easy commute to anywhere in Jacksonville.

Listing Details MLS# 2135275

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Half: 2
Bathrooms Total: 3
Living Area: 720
Living Area Source: Public Records
Year Built: 1924
Lot Size Acres: 0.31
Association YN: No
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Stories Total: 2
Senior Community YN: No
Directions: Directions: From San Marco, head south on Hendricks Ave, left on Sheridan, home is on your left
Public Remarks: This 2 bedroom 1 bath 720 SF unit in San Marco 1st floor unit. It features a newer kitchen, indoor full size washer/dryer, and tile through the living room, bathroom and kitchen. This home has a large front porch. The property is located within walking distance to the desired Hendricks Elementary school, metro diner, and 1 mile from the new San Marco Publix. Easy commute to anywhere in Jacksonville.
List Price/SqFt: 1.53
Sold Price/SqFt: 1.53

Property Features

Owner Pays: Grounds Care Appliances: Dryer; Electric Cooktop; Electric Oven; Electric Water Heater Water Source: Public Parking Features: Additional Parking Utilities: Cable Available Cooling: Central Air Heating: Central

Contract Information

Property Sub Type: Duplex
Property Attached YN: Yes
Listing Contract Date: 2026-03-17
Lease Term: 12 Months

Location Tax and Legal

Street Number: 1653
Street Name: SHERIDAN
Street Suffix: Street
State: FL
County: Duval
Postal Code: 32207
MLS Area Major: 011-San Marco
Subdivision Name: South Riverside

Status Change Information

Major Change Timestamp: 2026-10-26T15:41:15Z
Major Change Type: Status Change
Price Change Timestamp: 2026-09-21T19:23:00Z
Purchase Contract Date: 2026-10-26
Close Date: 2026-10-26
Close Price: 1100

More Information

Listing Office: CHENINGHAM REALTY LLC

Last Updated: October - 26 - 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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