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.

2116 PARK Street 2118, Jacksonville, FL 32204 (MLS# 2144279)

2116 PARK Street 2118, Jacksonville, FL 32204

$2,250

Property Type: Commercial Lease Baths: 2 Square Footage: 2,401 Lot Size (sq. ft.): 6,098 Status: Active

Current Price: $2,250 List Date: 5/08/2026 Last Modified: 10/31/2026

Overview

Description

Beautiful Office, 2 rooms upstairs and 3 downstairs. Common entry at front with parking in the rear This office was recently redone with wood flooring and paint throughout, Great location just south of Five points with plenty of exposure to the public. This is a great location for that office for clients

Listing Details MLS# 2144279

General Property Information

Number Of Units Total: 2
Bathrooms Total: 2
Building Area Total: 2401
Building Area Source: Appraiser
Accessibility Features YN: No
Association YN: No
Year Built: 1926
Lot Size Acres: 0.14
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Entry Level: Yes
Leasable Area: 1195
Directions: From I10 take Stockton St East to Park st Go left to address on right
Public Remarks: Beautiful Office, 2 rooms upstairs and 3 downstairs. Common entry at front with parking in the rear This office was recently redone with wood flooring and paint throughout, Great location just south of Five points with plenty of exposure to the public. This is a great location for that office for clients
List Price/SqFt: 0.94

Property Features

Additional Lease Terms: 24 Months Building Features: Office; Rear Access Business Type: Accounting; Administrative and Support; Advertising; Computer; Financial; Professional/Office; Real Estate; Travel Ceiling Type: Drywall; Plaster Construction Materials: Brick Cooling: Central Air; Heat Pump Current Use: Commercial; Office Electric: 200+ Amp Service Existing Lease Type: Other Flooring: Wood Heating: Central; Electric; Heat Pump Lease Includes: Business Only Lot Features: Other Owner Pays: Taxes; Trash Collection Parking Features: Attached; Off Street; Parking Lot Road Frontage Type: City Street Roof: Shingle Sewer: Public Sewer Tenant Pays: All Utilities; Common Area Maintenance; Electricity; Insurance; Repairs Utilities: Electricity Available; Separate Electric Meters; Sewer Connected; Water Connected Water Source: Public

Contract Information

Base Rent +: 2500
Base Rent Per Year: 30000
CAM YN: Yes
– + CAM, Taxes, Insurance: 1500
Listing Contract Date: 2026-05-08
Property Sub Type: Office
Unit Type: End Unit
Availability Date: 2026-05-08

Location Tax and Legal

Street Number: 2116
Street Name: PARK
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32204
Subdivision Name: Riverside
MLS Area Major: 031-Riverside

Status Change Information

Major Change Timestamp: 2026-10-23T18:20:47Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-23T18:20:47Z

Building Features

% Air Conditioned or Heated: 100
Min Parking Space Available: 3
Street Depth: 45

More Information

Unit 1 Details

Unit ID: 2118
Annual Rent: 30000
Unit SqFt: 1195
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: Right side of Building

Unit 2 Details

Unit ID: 2116
Annual Rent: 2500
Unit SqFt: 1195
# Units (This Type): 2
Furnished: Unfurnished
Unit Remarks: This side is rented

Listing Office: AMERICAN REALTY AND MANAGEMENT

Last Updated: October - 31 - 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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