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.

1718 EDGEWOOD Avenue N, Jacksonville, FL 32254 (MLS# 988653)

1718 EDGEWOOD Avenue N, Jacksonville, FL 32254

$275,000

Property Type: Commercial Sale Square Footage: 4,256 Lot Size (sq. ft.): 43,560 Status: Closed

Current Price: $275,000 List Date: 3/24/2020 Last Modified: 10/23/2026

Overview

Description

OPPORTUNITY ZONE!!!Incredible opportunity to purchase a nice medical office. Rock solid building on one acre parcel. Perfect for a physician or clinic who wants to get started right away. No wait or build out required. 7 exam rooms, reception area, plenty of room and in good condition. Also excellent spot for WALK IN CLINIC OR MM DISPENSARY. Take advantage of Opportunity Zone tax savings with this property! This area is under served and a new clinic here will be a Money Maker! Opportunity is knocking, will you answer?

Supplements: 7 exam rooms, X Ray room plus machine, 3 restrooms, break room, 2 huge storage rooms, plus 3 offices.

Listing Details MLS# 988653

General Property Information

Building Area Total: 4256
Building Area Source: Public Records
Year Built: 1983
Lot Size Acres: Yes
Water Body Access YN: No
Waterfront YN: No
Stories Total: Yes
Directions: From the intersection of Beaver Street and Edgewood Ave. go north on Edgewood to building on left, 1718 Edgewood Ave North.
Public Remarks: OPPORTUNITY ZONE!!!Incredible opportunity to purchase a nice medical office. Rock solid building on one acre parcel. Perfect for a physician or clinic who wants to get started right away. No wait or build out required. 7 exam rooms, reception area, plenty of room and in good condition. Also excellent spot for WALK IN CLINIC OR MM DISPENSARY. Take advantage of Opportunity Zone tax savings with this property! This area is under served and a new clinic here will be a Money Maker! Opportunity is knocking, will you answer?
List Price/SqFt: 82
Sold Price/SqFt: 64.61

Property Features

Construction Materials: Brick Veneer; Concrete Current Use: Commercial; Office Flooring: Concrete Heating: Central; Heat Pump Listing Terms: Cash; Conventional Parking Features: Parking Lot Possession: Subject To Tenant Rights Water Source: Public

Contract Information

Listing Contract Date: 2019-04-08
Property Sub Type: Mixed Use

Location Tax and Legal

Street Number: 1718
Street Name: EDGEWOOD
Street Suffix: Avenue
Street Direction Suffix: N
County: Duval
State: FL
Postal Code: 32254
MLS Area Major: 074-Paxon

Status Change Information

Major Change Timestamp: 2023-11-20T13:12:27Z
Major Change Type: Price Reduced
Price Change Timestamp: 2020-01-23T13:58:21Z
Purchase Contract Date: 2020-08-12
Close Date: 2020-09-16
Close Price: 275000

Historical Information

Public Historical Remarks 1: Road Surface: Asphalt Road, Approx. Total SqFt: 4726.00
Public Historical Remarks 2: Number of Buildings: 1 Building, Ceiling Height: 10' - 12' Ceilings
Public Historical Remarks 3: Current Zoning: CO

More Information

Listing Office: INI REALTY

Last Updated: October - 23 - 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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