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.

1951 LAURA Street, Jacksonville, FL 32206 (MLS# 856110)

1951 LAURA Street, Jacksonville, FL 32206

$278,500

Virtual Tour

http://www.tourfactory.com/idxr1686467

Property Type: Residential Income Bedrooms: 6 Baths: 4 Square Footage: 3,470 Status: Closed

Current Price: $278,500 List Date: 11/20/2016 Last Modified: 10/23/2026

Overview

Description

Great income producing property in Springfield, around the corner from 9th&Main. Consists of 2 one-bedroom apartments, and 2 two-bedroom units. Beautiful building, and this is only the 2nd owner! Gleaming hardwoods, updated kitchen/baths, GREAT storage, washer/dryer included. Each unit rents for $725, and it's 100% occupied.

Listing Details MLS# 856110

General Property Information

Number Of Units Total: 4
Bedrooms Total: 6
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 3470
Living Area Source: Public Records
Year Built: 1936
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Stories: 2
Directions: Take Main Street North of Downtown through Historic Springfield, turn Left on 10th, then Left on Laura. Quadraplex is on the Left.
Public Remarks: Great income producing property in Springfield, around the corner from 9th&Main. Consists of 2 one-bedroom apartments, and 2 two-bedroom units. Beautiful building, and this is only the 2nd owner! Gleaming hardwoods, updated kitchen/baths, GREAT storage, washer/dryer included. Each unit rents for $725, and it's 100% occupied.
List Price/SqFt: 86.43
Sold Price/SqFt: 80.26

Property Features

Appliances: Dryer; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Construction Materials: Brick Veneer Cooling: Central Air Flooring: Wood Heating: Central Listing Terms: Cash; Conventional Parking Features: Assigned; Detached; On Street; Other Pool Features: None Possession: Negotiable Road Surface Type: Asphalt Roof: Shingle Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date: 2016-11-18
Property Sub Type: Quadruplex

Location Tax and Legal

Street Number: 1951
Street Name: LAURA
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32206
Subdivision Name: Springfield
MLS Area Major: 072-Springfield

Status Change Information

Major Change Timestamp: 2017-02-27T20:41:18Z
Major Change Type: Status Change
Purchase Contract Date: 2017-01-27
Close Date: 2017-02-27
Close Price: 278500

Fireplace Features

Fireplaces Total: 2

More Information

Historical Information

Public Historical Remarks 1: Restrictions-Pets-Limited (SIR): Y, # 1 Bedroom Units: 2, Built-in Bookshelves: Y, Lot Location-Historic Area: Y, Number of Buildings: 1 Building, Present Rental Terms: Year, Two Bedroom Rentals: $701 to $800/Month, One Bedroom Rentals: Over $600/Month, Fireplace Mantle: Y, Brick Fireplace: Y
Public Historical Remarks 2: # 2 Bedroom Units: 2, Ceiling 8 + Feet: Y, Lot Location-Urban/City: Y
Public Historical Remarks 3: Current Zoning: RMD-S

Listing Office: WATSON REALTY CORP

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.

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