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.

1688 BALSA Court, Orange Park, FL 32073 (MLS# 1171268)

1688 BALSA Court, Orange Park, FL 32073

$300,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,672 Status: Closed

Current Price: $300,000 List Date: 5/25/2022 Last Modified: 2/07/2026

Overview

Description

This beautiful home features granite counter tops, two car garage, a large screened in porch and an enormous back yard. Tile and laminate vinyl plank wood flooring throughout the main living areas. A fire place is a beautiful addition to the family room.

Listing Details MLS# 1171268

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1672
Living Area Source: Public Records
Year Built: 1976
Association YN: No
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Entry Level: Yes
Directions: Take I 295 to Blanding South. Take a left on Wells Road and then right on Debarry Avenue. Take a left onto Balsa Ct.
Public Remarks: This beautiful home features granite counter tops, two car garage, a large screened in porch and an enormous back yard. Tile and laminate vinyl plank wood flooring throughout the main living areas. A fire place is a beautiful addition to the family room.
List Price/SqFt: 197.31
Sold Price/SqFt: 179.43

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Appliances: Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Interior Features: Eat-in Kitchen; Entrance Foyer; Primary Bathroom - Shower No Tub; Walk-In Closet(s) Cooling: Central Air Heating: Central Water Source: Public Construction Materials: Block; Brick Patio And Porch Features: Front Porch; Patio; Screened Pool Features: None Roof: Shingle Fencing: Back Yard Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2022-05-25

Location Tax and Legal

Street Number: 1688
Street Name: BALSA
Street Suffix: Court
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 132-Bellair/Grove Park
Subdivision Name: Grove Park

Status Change Information

Major Change Timestamp: 2022-07-01T18:35:13Z
Major Change Type: Status Change
Purchase Contract Date: 2022-06-03
Close Date: 2022-06-30
Close Price: 300000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 2: Dining-Living/Dining Combo: Y

Documents

Offer Instructions ›

Sellers Info ›

Lead Based Paint Disclosure ›

Listing Office: BYERS PROPERTIES, INC.

Last Updated: February - 07 - 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.