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.

2027 Felch Avenue, Jacksonville, FL 32207 (MLS# 673406)

2027 Felch Avenue, Jacksonville, FL 32207

$122,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,862 Status: Closed

Current Price: $122,000 List Date: 7/06/2013 Last Modified: 10/23/2026

Overview

Description

Exciting Renovation Opportunity & Exciting Location-San Marco Theatre,Dining & Shoppes a short stroll away!Spacious Brick home offers wood flooring thru out,vintage tile,wainscotting & updated vanities in both bathrooms.Kitchen features tile flooring,updated cabinetry with Glass doors that adds stylish charm.3 bedrooms with wood flooring,bonus room/Sun Room provides additional living space,laundry area in attached garage & located on a double lot!Imagine the possibilities as you explore this special property.This is a Fannie Mae HomePath Property.Purchase for as Little as 5% Down!Take Advantage,Approved for HomePath Renovation Mortgage-Perfect for a New Owner to Purchase,Add in the cost of Needed & Desired Renovations & Call it Home!Now is the time,Rates are still low!

Listing Details MLS# 673406

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1862
Living Area Source: Public Records
Year Built: 1960
Lot Size Dimensions: 140 x 135 per tax record
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: Yes
Directions: From San Marco go South on Hendricks, Left on Felch
Public Remarks: Exciting Renovation Opportunity & Exciting Location-San Marco Theatre,Dining & Shoppes a short stroll away!Spacious Brick home offers wood flooring thru out,vintage tile,wainscotting & updated vanities in both bathrooms.Kitchen features tile flooring,updated cabinetry with Glass doors that adds stylish charm.3 bedrooms with wood flooring,bonus room/Sun Room provides additional living space,laundry area in attached garage & located on a double lot!Imagine the possibilities as you explore this special property.This is a Fannie Mae HomePath Property.Purchase for as Little as 5% Down!Take Advantage,Approved for HomePath Renovation Mortgage-Perfect for a New Owner to Purchase,Add in the cost of Needed & Desired Renovations & Call it Home!Now is the time,Rates are still low!
List Price/SqFt: 69.76
Sold Price/SqFt: 65.52

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Ranch Appliances: Dishwasher Interior Features: Primary Bathroom - Tub with Shower Flooring: Tile; Wood Laundry Features: In Carport; In Garage Cooling: None Heating: None Water Source: Public Sewer: Public Sewer Construction Materials: Brick Patio And Porch Features: Patio Pool Features: None Roof: Shingle Parking Features: Attached; Garage Current Use: Residential Possession: Negotiable

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2013-07-06

Location Tax and Legal

Street Number: 2027
Street Name: Felch
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32207
MLS Area Major: 011-San Marco
Subdivision Name: South Riverside

Status Change Information

Major Change Timestamp: 2023-11-14T19:31:56Z
Major Change Type: Price Reduced
Price Change Timestamp: 2013-12-09T16:49:06Z
Purchase Contract Date: 2013-12-20
Close Date: 2014-02-13
Close Price: 122000

Historical Information

Public Historical Remarks 3: Occupant Type: Special Instructions, See ShowingAssist, See Private Remarks, Non-NEFAR Lockbox

More Information

Room Information

Room Name
Living Room

Documents

Cover Sheet ›

"AS IS " Contract ›

Review of Fannie Mae Purchase Addendum ›

FANNIE MAE ADDENDUM ›

OOC - IF BUYER IS A OWNER OCCUPANT ›

LBP ›

C-21 Addendum ›

Listing Office: CENTURY 21 LIGHTHOUSE REALTY

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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