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# 983018)

201 E 7TH Street, Jacksonville, FL 32206

$187,500

Property Type: Residential Income 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

Don't miss out on this income producing property in the heart of Springfield, one of Jacksonville's fastest growing neighborhoods. Walk-able to breweries, restaurants, coffee shops and more. 2/1 upstairs unit and 1/1 downstairs unit. Each unit has fresh paint, recently sanded and stained original hardwood floors, indoor laundry with washer and dryer, granite counter tops and a decorative fireplace. Rental comps can be found in the documents section

Listing Details MLS# 983018

General Property Information

Number Of Units Total: 2
Bedrooms Total: 3
Bathrooms Total: 2
Bathrooms Full: 2
Living Area: 1872
Living Area Source: Public Records
Year Built: 1914
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Stories: 2
Directions: From I-95 take the 8th Street exit and head east past SHANDS. Take a right on Market. Duplex is on the corner of Market and 7th.
Public Remarks: Don't miss out on this income producing property in the heart of Springfield, one of Jacksonville's fastest growing neighborhoods. Walk-able to breweries, restaurants, coffee shops and more. 2/1 upstairs unit and 1/1 downstairs unit. Each unit has fresh paint, recently sanded and stained original hardwood floors, indoor laundry with washer and dryer, granite counter tops and a decorative fireplace. Rental comps can be found in the documents section
List Price/SqFt: 106.84
Sold Price/SqFt: 100.16

Property Features

Appliances: Dryer; Electric Range; Refrigerator; Washer Cooling: Central Air Heating: Central Listing Terms: Cash; Conventional; FHA; VA Loan Parking Features: On Street Pool Features: None Possession: Negotiable Road Surface Type: Asphalt Water Source: Public

Contract Information

Listing Contract Date: 2019-03-15
Property Sub Type: Duplex

Location Tax and Legal

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

Status Change Information

Major Change Timestamp: 2019-04-26T10:54:43Z
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

Historical Information

Public Historical Remarks 1: Number of Buildings: 1 Building, Two Bedroom Rentals: $801 to $1000/Month, One Bedroom Rentals: Over $600/Month

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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