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.

1848 W 5TH Street 1-4, Jacksonville, FL 32209 (MLS# 2170514)

1848 W 5TH Street 1-4, Jacksonville, FL 32209

$449,000

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 2,700 Status: Active

Current Price: $449,000 List Date: 10/22/2026 Last Modified: 10/26/2026

Overview

Description

Here it is!!!! Concrete block, income producing, two level fourplex. The current rent is $1,100 and $1,100. The insurance is $2,750 and the taxes are $3,800.

Supplements: Units 2-4 have been upgraded.

Listing Details MLS# 2170514

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 700
Living Area Source: Estimated
Building Area Total: 2700
Year Built: 1967
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: Yes
Water Body Access YN: No
Waterfront YN: No
Furnished: Partially
Stories: 2
Senior Community YN: No
Direction Faces: East
Directions: From Myrtle N. make a left on W.13th street and a right on fairfax
Public Remarks: Here it is!!!! Concrete block, income producing, two level fourplex. The current rent is $1,100 and $1,100. The insurance is $2,750 and the taxes are $3,800.
List Price/SqFt: 641.43

Property Features

Architectural Style: Traditional Levels: Two Property Condition: Updated/Remodeled Rental Restrictions: No Minimum Appliances: Electric Oven; Refrigerator Interior Features: Eat-in Kitchen; Entrance Foyer Flooring: Tile Utilities: Electricity Connected; Sewer Available; Water Available; Water Connected Cooling: Central Air; Separate Meters Heating: Electric Water Source: Public Sewer: Public Sewer Security Features: Fire Alarm; Smoke Detector(s) Construction Materials: Concrete; Stucco Pool Features: Other Spa Features: Bath Roof: Tile Parking Features: Additional Parking Current Use: Multi-Family Community Features: Sidewalks; Street Lights Possession: Close Of Escrow Listing Terms: Assumable; Cash; Conventional; FHA; VA Loan Room Types: Bathroom 1; Bathroom 3; Primary Bathroom; Other Room

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-01

Location Tax and Legal

Street Number: 1848
Street Direction Prefix: W
Street Name: 5TH
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32209
MLS Area Major: 074-Paxon
Subdivision Name: College Park

Status Change Information

Major Change Timestamp: 2026-10-22T21:59:07Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Room Types

Primary Bathroom Level: Lower

Room Information

Room Name	Level
Primary Bathroom	Lower

Listing Office: ACTIONUSA REALTY

Last Updated: October - 26 - 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