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.

1742 PAPAYA Drive N, Orange Park, FL 32073 (MLS# 2015716)

1742 PAPAYA Drive N, Orange Park, FL 32073

$350,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,560 Status: Closed

Current Price: $350,000 List Date: 3/27/2024 Last Modified: 8/28/2026

Overview

Description

Gorgeous pool home in Orange Park! This pristine, well-maintained home features a 2 car garage, 3 bedrooms, 2 full bathrooms. Open kitchen with breakfast bar, laminate countertops, with all appliances included. Living area is open with beautifully added wood beams. Huge Lanai is 20' x 25' great for entertaining and looks out to Large pool with plenty of room for parties. Newly updated windows, sprinkler system in front & backyard. Vinyl tile flooring, Extra open parking on the side for trailers or boats. Easy access and close to 295, restaurants, and more! No HOA or CDD fees!

Listing Details MLS# 2015716

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1560
Living Area Source: Public Records
Year Built: 1977
Homestead YN: Yes
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: From I-17 South - turn right onto Wells Rd. Turn left at DeBarry. Right at Gumtree - immediate right on Papaya Dr.
Public Remarks: Gorgeous pool home in Orange Park! This pristine, well-maintained home features a 2 car garage, 3 bedrooms, 2 full bathrooms. Open kitchen with breakfast bar, laminate countertops, with all appliances included. Living area is open with beautifully added wood beams. Huge Lanai is 20' x 25' great for entertaining and looks out to Large pool with plenty of room for parties. Newly updated windows, sprinkler system in front & backyard. Vinyl tile flooring, Extra open parking on the side for trailers or boats. Easy access and close to 295, restaurants, and more! No HOA or CDD fees!
List Price/SqFt: 221.15
Sold Price/SqFt: 224.36

Property Features

Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Disposal; Dryer; Electric Oven; Electric Range; Electric Water Heater; Refrigerator; Washer Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Open Floorplan; Primary Bathroom - Shower No Tub; Split Bedrooms Flooring: Carpet; Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Electricity Available; Electricity Connected; Sewer Available; Water Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Green Energy Efficient: Windows Construction Materials: Brick Patio And Porch Features: Rear Porch; Screened Pool Features: In Ground Roof: Shingle Parking Features: Garage Fencing: Back Yard; Wood Current Use: Residential; Single Family Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2024-03-22

Location Tax and Legal

Street Number: 1742
Street Name: PAPAYA
Street Suffix: Drive
Street Direction Suffix: N
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 132-Bellair/Grove Park
Subdivision Name: Grove Park

Status Change Information

Major Change Timestamp: 2024-04-29T15:09:44Z
Major Change Type: Status Change
Purchase Contract Date: 2024-03-27
Close Date: 2024-04-26
Close Price: 350000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: August - 28 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare