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.

201 E 7TH Street, Jacksonville, FL 32206 (MLS# 982989)

201 E 7TH Street, Jacksonville, FL 32206

$187,500

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,872 Status: Closed

Current Price: $187,500 List Date: 3/15/2019 Last Modified: 10/23/2026

Overview

Description

This move-in ready duplex in the heart of Springfield is full of charm! Walkable to breweries, restaurants, coffee shops and more. Rent one unit and live in the other or rent both units! Upstairs is 2/1 and downstairs is 1/1. Both units have porch access, new granite counter tops, a fireplace and indoor laundry - washer and dryer for each unit will stay. Original pine floors have been sanded and stained and each unit has new paint throughout, including exterior paint along with fresh landscaping.

Listing Details MLS# 982989

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1872
Living Area Source: Public Records
Year Built: 1914
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From I-95 take the 8th Street exit and head east, passed Shands. Take a right on Market. Duplex on the corner of Market and 7th Street.
Public Remarks: This move-in ready duplex in the heart of Springfield is full of charm! Walkable to breweries, restaurants, coffee shops and more. Rent one unit and live in the other or rent both units! Upstairs is 2/1 and downstairs is 1/1. Both units have porch access, new granite counter tops, a fireplace and indoor laundry - washer and dryer for each unit will stay. Original pine floors have been sanded and stained and each unit has new paint throughout, including exterior paint along with fresh landscaping.
List Price/SqFt: 106.84
Sold Price/SqFt: 100.16

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dryer; Electric Range; Refrigerator; Washer Cooling: Central Air Heating: Central Water Source: Public Patio And Porch Features: Front Porch Pool Features: None Parking Features: On Street; Other Lot Features: Historic Area Current Use: Multi-Family; Residential Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2019-03-15

Location Tax and Legal

Street Number: 201
Street Direction Prefix: E
Street Name: 7TH
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32206
MLS Area Major: 072-Springfield
Subdivision Name: Springfield

Status Change Information

Major Change Timestamp: 2019-04-26T10:59:32Z
Major Change Type: Status Change
Purchase Contract Date: 2019-03-22
Close Date: 2019-04-25
Close Price: 187500

Fireplace Features

Fireplaces Total: 2

More Information

Listing Office: ROOT REALTY LLC

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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