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 PINE GROVE Avenue, Jacksonville, FL 32205 (MLS# 2167673)

1718 PINE GROVE Avenue, Jacksonville, FL 32205

$675,000

Entryway Unit 4 (no interior photos - this unit is similar to Unit 2 in layout and size)

Riverside Avondale Neighborhood -- Avondale Shopping District

Riverside Avondale Neighborhood -- Boone Park South

Riverside Avondale Neighborhood -- Boone Park North

Riverside Avondale Neighborhood -- Community Garden

Property Type: Residential Income Bedrooms: 4 Baths: 4 Square Footage: 2,369 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $675,000 List Date: 10/03/2026 Last Modified: 10/27/2026

Overview

Description

Historic character, established income and an exceptional location come together in this rare 1924 quadruplex in the heart of the Avondale Historic District. Featuring four 1-bedroom, 1-bath apartments each with historic charm, original hardwood floors, large windows providing abundant natural light, and period architectural details. Select units feature decorative fireplaces, updated kitchens and baths, and private outdoor space. The distinctive front entry is framed by classical columns supporting an upper balcony, while an additional upper porch overlooks the side and rear of the property—inviting spots for tenants to enjoy a morning cup of coffee or unwind at the end of the day. All four units are currently leased, with total scheduled rents of $4,920 per month / $59,040 annually, providing immediate income for the next owner. With major infrastructure improvements already completed, a strong rental history and additional opportunity to enhance the units over time.

Supplements: The building has approximately $42,000 in recent capital improvements, including a complete electrical rewire with four new 100-amp panels, new CPVC water lines and PVC drain lines, exterior painting, kitchen renovations in Units 2 and 3, updated fans and fixtures, and a new shared exterior washer and dryer. The location is one of Pine Grove's gre ... (Read more)

Listing Details MLS# 2167673

General Property Information

Number Of Buildings: Yes
Number Of Units Total: 4
Bedrooms Total: 4
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 2046
Living Area Source: Appraiser
Building Area Total: 2369
Accessibility Features YN: No
New Construction YN: No
Year Built: 1924
Garage YN: No
Carport YN: No
Lot Size Acres: 0.12
Association YN: No
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories Total: 2
Stories: Yes
Senior Community YN: No
Directions: Take I-10 to Roosevelt Blvd (US-17) South. Turn left on Park Street. Turn right on Pinegrove Avenue. Quadruplex is on the right.
Public Remarks: Historic character, established income and an exceptional location come together in this rare 1924 quadruplex in the heart of the Avondale Historic District. Featuring four 1-bedroom, 1-bath apartments each with historic charm, original hardwood floors, large windows providing abundant natural light, and period architectural details. Select units feature decorative fireplaces, updated kitchens and baths, and private outdoor space. The distinctive front entry is framed by classical columns supporting an upper balcony, while an additional upper porch overlooks the side and rear of the property—inviting spots for tenants to enjoy a morning cup of coffee or unwind at the end of the day. All four units are currently leased, with total scheduled rents of $4,920 per month / $59,040 annually, providing immediate income for the next owner. With major infrastructure improvements already completed, a strong rental history and additional opportunity to enhance the units over time.
List Price/SqFt: 329.91

Property Features

Appliances: Dryer; Electric Range; Refrigerator; Washer Construction Materials: Block; Stucco; Wood Siding Cooling: Wall/Window Unit(s) Current Use: Multi-Family; Residential Electric: 100 Amp Service Exterior Features: Balcony Fencing: Privacy; Wood Financial Data Source: Owner Flooring: Tile; Wood Heating: Other Laundry Features: In Garage Levels: Two Listing Terms: Cash; Conventional Lot Features: Historic Area Other Structures: Other Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Pest Control; Repairs; Roof Maintenance; Sewer; Taxes; Water Parking Features: Off Street; On Street Possession: Close Of Escrow Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Membrane; Shingle Security Features: Smoke Detector(s) Sewer: Public Sewer Tenant Pays: Cable TV; Electricity; Telephone Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Water Source: Public