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.

190 CAPELLA Road, Orange Park, FL 32073 (MLS# 1198249)

190 CAPELLA Road, Orange Park, FL 32073

$210,915

Property Type: Residential Bedrooms: 5 Baths: 2 Square Footage: 1,575 Status: Closed

Current Price: $210,915 List Date: 10/28/2022 Last Modified: 8/27/2026

Overview

Description

This huge house sits on a big fenced in corner lot! You will not find this size house in the area. It is a 5 bedroom house, but can be easily a 6 bedroom house. It also includes a living room, den, office, a screened in back porch, laundry room, etc. It is a MUST SEE. Space will not be an issue. Plenty of parking which will be perfect for cars, boats, and even a RV. This home is amazing.

Listing Details MLS# 1198249

General Property Information

Bedrooms Total: 5
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1575
Living Area Source: Measured
Year Built: 1969
Association YN: No
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: Blanding Blvd, Right on Arora, Right on Capella Rd. Home will be on the right. It is a corner lot.
Public Remarks: This huge house sits on a big fenced in corner lot! You will not find this size house in the area. It is a 5 bedroom house, but can be easily a 6 bedroom house. It also includes a living room, den, office, a screened in back porch, laundry room, etc. It is a MUST SEE. Space will not be an issue. Plenty of parking which will be perfect for cars, boats, and even a RV. This home is amazing.
List Price/SqFt: 180.95
Sold Price/SqFt: 133.91

Property Features

Approx Parcel Size: Less than .25 Acre; .25 to .5 Acre Architectural Style: Ranch Appliances: Dishwasher; Electric Range; Refrigerator Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Patio And Porch Features: Patio; Screened Pool Features: None Roof: Shingle Lot Features: Corner Lot Fencing: Back Yard Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2022-10-26

Location Tax and Legal

Street Number: 190
Street Name: CAPELLA
Street Suffix: Road
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 131-Meadowbrook/Loch Rane
Subdivision Name: Meadowbrook

Status Change Information

Major Change Timestamp: 2022-12-21T02:32:40Z
Major Change Type: Status Change
Purchase Contract Date: 2022-11-10
Close Date: 2022-12-20
Close Price: 210915

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 3: Occupant Type: Vacant, Vacant -Lockbox

Listing Office: KELLER WILLIAMS JACKSONVILLE

Last Updated: August - 27 - 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.

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