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.

2003 COMMONWEALTH Avenue, Jacksonville, FL 32209 (MLS# 2171655)

2003 COMMONWEALTH Avenue, Jacksonville, FL 32209

New Listing

$70,000

Jacksonville 7-Property Investment Portf

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 894 Lot Size (sq. ft.): 7,405 Status: Active

Current Price: $70,000 List Date: 10/30/2026 Last Modified: 11/02/2026

Overview

Description

JACKSONVILLE INVESTMENT OPPORTUNITY... 7-PROPERTY PORTFOLIO (8 Doors)! Excellent opportunity for investors looking to expand their rental portfolio or capitalize on fix-and-flip potential in Jacksonville! These 7 properties may be purchased individually or together at a discounted package price. Whether you're a buy-and-hold investor or looking for your next renovation project, this portfolio offers multiple investment possibilities. All properties are being sold AS-IS, with tenants in place where applicable. Buyers should anticipate repairs and improvements, including potential updates to windows, roofing, HVAC systems, and other components. Property conditions and renovation needs vary. Drive-bys are welcome, but PLEASE DO NOT DISTURB OCCUPANTS. See additional MLS listings: 2171654, 2171657, 2171656, 2171655, 2171660, 2171658, 2171659

Listing Details MLS# 2171655

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 894
Living Area Source: Appraiser
Year Built: 1941
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.17
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: US-90 W/W Beaver St, Turn right onto Baker Ave, Turn left onto Commonwealth Ave. For best results, use GPS.
Public Remarks: JACKSONVILLE INVESTMENT OPPORTUNITY... 7-PROPERTY PORTFOLIO (8 Doors)! Excellent opportunity for investors looking to expand their rental portfolio or capitalize on fix-and-flip potential in Jacksonville! These 7 properties may be purchased individually or together at a discounted package price. Whether you're a buy-and-hold investor or looking for your next renovation project, this portfolio offers multiple investment possibilities. All properties are being sold AS-IS, with tenants in place where applicable. Buyers should anticipate repairs and improvements, including potential updates to windows, roofing, HVAC systems, and other components. Property conditions and renovation needs vary. Drive-bys are welcome, but PLEASE DO NOT DISTURB OCCUPANTS. See additional MLS listings: 2171654, 2171657, 2171656, 2171655, 2171660, 2171658, 2171659
List Price/SqFt: 78.3

Property Features

Rental Restrictions: No Minimum Appliances: Electric Range Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Parking Features: Off Street Current Use: Residential Possession: Close Of Escrow Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-30

Location Tax and Legal

Street Number: 2003
Street Name: COMMONWEALTH
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32209
MLS Area Major: 074-Paxon
Subdivision Name: Grant Addn To Jax

Status Change Information

Major Change Timestamp: 2026-10-30T19:58:04Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: CENTURY 21 INTEGRA

Last Updated: November - 02 - 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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