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.

1863 E 27TH Street, Jacksonville, FL 32206 (MLS# 2171530)

1863 E 27TH Street, Jacksonville, FL 32206

New Listing

$55,000

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 945 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $55,000 List Date: 10/30/2026 Last Modified: 10/30/2026

Overview

Description

Investor Special! Great investment opportunity in the 32206-zip code. This home is primed for a renovation and flip for anyone ready to add more homes to their portfolio.

Listing Details MLS# 2171530

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 945
Living Area Source: Public Records
Year Built: 1943
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.13
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: Take I-95 N to E 21st St. Take the exit toward Jax port Talleyrand Terminal from US-1 ALT S
Public Remarks: Investor Special! Great investment opportunity in the 32206-zip code. This home is primed for a renovation and flip for anyone ready to add more homes to their portfolio.
List Price/SqFt: 58.2

Property Features

Levels: One Property Condition: Fixer Appliances: Electric Oven; Refrigerator Utilities: Electricity Connected Cooling: Central Air; Wall/Window Unit(s) Heating: Central Water Source: Public Sewer: Public Sewer Parking Features: On Street; Shared Driveway Current Use: Single Family Possession: Close Of Escrow Listing Terms: Cash; Other

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-25

Location Tax and Legal

Street Number: 1863
Street Direction Prefix: E
Street Name: 27TH
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32206
MLS Area Major: 071-Brentwood/Evergreen
Subdivision Name: Long Branch

Status Change Information

Major Change Timestamp: 2026-10-30T01:23:57Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: BIRD DOG REAL ESTATE GROUP LLC

Last Updated: October - 30 - 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.