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.

2018 INWOOD Terrace, Jacksonville, FL 32207 (MLS# 2171438)

2018 INWOOD Terrace, Jacksonville, FL 32207

$995

Property Type: Residential Lease Bedrooms: 2 Baths: 1 Square Footage: 1,225 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $995 List Date: 10/29/2026 Last Modified: 10/29/2026

Overview

Description

Great location close to San Marco. 2/1 is ground floor with fenced backyard.

Listing Details MLS# 2171438

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 1225
Living Area Source: Assessor
Year Built: 1922
Lot Size Acres: 0.13
Association YN: No
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Stories Total: 2
Senior Community YN: No
Directions: South on St. Augustine Rd. turn left on Inwood Terrace. Property is located on the right
Public Remarks: Great location close to San Marco. 2/1 is ground floor with fenced backyard.
List Price/SqFt: 0.81

Property Features

Appliances: Electric Oven; Electric Range; Refrigerator Water Source: Public Parking Features: Off Street Sewer: Public Sewer Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Heat Pump Tenant Pays: All Utilities Pets Allowed: Yes

Contract Information

Property Sub Type: Duplex
Property Attached YN: Yes
Listing Contract Date: 2026-10-27
Lease Term: 12 Months
Availability Date: 2026-10-27

Location Tax and Legal

Street Number: 2018
Street Name: INWOOD
Street Suffix: Terrace
State: FL
County: Duval
Postal Code: 32207
MLS Area Major: 011-San Marco
Subdivision Name: 1661 Riverside

Status Change Information

Major Change Timestamp: 2026-10-29T18:02:42Z
Major Change Type: New Listing

Deposits and Fees

Application Fee: 50
Pet Fee/Deposit: 250
Security Deposit: 980

More Information

Listing Office: SAN MARCO REALTY

Last Updated: October - 29 - 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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