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.

1817 MITCHELL Avenue, Jacksonville, FL (MLS# 606545)

1817 MITCHELL Avenue, Jacksonville, FL

$26,000

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 990 Status: Closed

Current Price: $26,000 List Date: 1/07/2012 Last Modified: 10/23/2026

Overview

Description

If Walls Could Talk...this late 1800's charmer would have many tales. But sadly, the value is only in the lot and the cottage is ''as is'' and ''where is''. Seller is very motivated and will consider all offers.

Listing Details MLS# 606545

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 990
Living Area Source: Public Records
Year Built: 1899
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From Hendricks Ave and Atlantic Blvd go east on Atlantic to right on Perry Place to left on Mitchell Avenue to property on left.
Public Remarks: If Walls Could Talk...this late 1800's charmer would have many tales. But sadly, the value is only in the lot and the cottage is ''as is'' and ''where is''. Seller is very motivated and will consider all offers.
List Price/SqFt: 37.88
Sold Price/SqFt: 26.26

Property Features

Approx Parcel Size: Less than .25 Acre Utilities: Other Cooling: None Heating: None Pool Features: None Parking Features: Other Current Use: Commercial Possession: Negotiable Listing Terms: Cash

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2012-01-06

Location Tax and Legal

Street Number: 1817
Street Name: MITCHELL
Street Suffix: Avenue
County: Duval
State: FL
MLS Area Major: 011-San Marco
Subdivision Name: San Marco

Status Change Information

Major Change Timestamp: 2023-11-14T18:49:07Z
Major Change Type: Price Reduced
Price Change Timestamp: 2012-11-12T01:05:13Z
Purchase Contract Date: 2013-03-28
Close Date: 2013-04-16
Close Price: 26000

Historical Information

Public Historical Remarks 3: Occupant Type: Vacant -Lockbox, Call Listing Agent

More Information

Listing Office: THE LEGENDS OF REAL ESTATE

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.