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.

2100 OCEAN Drive S 5C, Jacksonville Beach, FL 32250 (MLS# 1106778)

2100 OCEAN Drive S 5C, Jacksonville Beach, FL 32250

$641,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,422 Status: Closed

Current Price: $641,000 List Date: 4/26/2021 Last Modified: 2/08/2025

Overview

Description

Lovely 3/2 oceanfront condo. put in MLS for comp purposes only

Listing Details MLS# 1106778

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1422
Living Area Source: Public Records
Year Built: 1973
Association YN: No
Association Fee Frequency: One Time
Association Fee 2: 562
Association Fee 2 Frequency: Monthly
Association Name: 21-22 Ocean
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Unfurnished
Stories: Yes
Entry Level: 5
Directions: FROM JTB GO n ON 3RD ST, RIGHT ON 22 AVE S LEFTT ON OCEAN DR S TO 2100 BLDG
Public Remarks: Lovely 3/2 oceanfront condo. put in MLS for comp purposes only
List Price/SqFt: 450.77
Sold Price/SqFt: 450.77

Property Features

Approx Parcel Size: Condo-NA Architectural Style: Flat Accessibility Features: Accessible Common Area Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Ice Maker; Refrigerator; Washer Interior Features: Breakfast Bar; Entrance Foyer; Pantry; Primary Bathroom - Shower No Tub Flooring: Tile Cooling: Central Air Heating: Central Security Features: Entry Phone/Intercom; Secured Lobby; Smoke Detector(s) Construction Materials: Concrete; Stucco Exterior Features: Balcony Roof: Other Parking Features: Assigned; Guest View: Ocean Waterfront Features: Navigable Water; Ocean Front Current Use: Multi-Family Association Amenities: Beach Access; Clubhouse; Community Pool; Fitness Center; Maintenance Grounds; Management - On Site Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Condominium
Property Attached YN: No
Listing Contract Date: 2021-04-14

Location Tax and Legal

Street Number: 2100
Street Name: OCEAN
Street Suffix: Drive
Street Direction Suffix: S
County: Duval
State: FL
Postal Code: 32250
MLS Area Major: 212-Jacksonville Beach-SE
Subdivision Name: Ocean 21

Status Change Information

Major Change Timestamp: 2021-04-27T23:11:25Z
Major Change Type: Status Change
Purchase Contract Date: 2021-04-27
Close Date: 2021-04-27
Close Price: 641000

Historical Information

Public Historical Remarks 1: Utilities-Common Sewer: Y, Interior Amenities-Window Treatment(s): Y, Self Cleaning Oven: Y
Public Historical Remarks 2: Landscape Lighting: Y, Utilities-Common Water: Y, Dining-Living/Dining Combo: Y, Interior Amenities-Sliding Glass Door(s): Y, Trash Chute: Y

More Information

Listing Office: KEARNEY REAL ESTATE SERVICES,

Last Updated: February - 08 - 2025

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.