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.

2202 W 1ST Street, Jacksonville, FL 32209 (MLS# 2138661)

2202 W 1ST Street, Jacksonville, FL 32209

$56,900

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 988 Lot Size (sq. ft.): 6,098 Status: Closed

Current Price: $56,900 List Date: 4/06/2026 Last Modified: 11/02/2026

Overview

Description

Investor special, needs TLC, can be a flip or rental. Needs new flooring and cleaning to be rent ready. All public utilities. Cash or hard money only. Roof and majors are 2021. No blind offers, no assignable contracts, 0 day inspection offers are preferred.

Listing Details MLS# 2138661

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 988
Living Area Source: Assessor
Year Built: 1959
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.14
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: Take exit 351B toward I-10 W/Lake City. Turn left onto Irene St toward Hospital. Turn right onto Stockton St toward Stockton St North. Turn left onto Edison Ave. Turn right onto King St. Turn left onto Beaver St W (US-90). Turn right onto Canal St. Turn left onto Commonwealth Ave. Turn right onto Almeda St. End at 2202 1st St W Jacksonville, Florida 32209
Public Remarks: Investor special, needs TLC, can be a flip or rental. Needs new flooring and cleaning to be rent ready. All public utilities. Cash or hard money only. Roof and majors are 2021. No blind offers, no assignable contracts, 0 day inspection offers are preferred.
List Price/SqFt: 57.59
Sold Price/SqFt: 57.59

Property Features

Appliances: Electric Oven; Microwave; Refrigerator Utilities: Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Parking Features: Other Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash; Other

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-04-06

Location Tax and Legal

Street Number: 2202
Street Direction Prefix: W
Street Name: 1ST
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32209
MLS Area Major: 074-Paxon
Subdivision Name: Robinsons Addn To W

Status Change Information

Major Change Timestamp: 2026-04-23T21:19:22Z
Major Change Type: Status Change
Purchase Contract Date: 2026-04-07
Close Date: 2026-04-22
Close Price: 56900

DPR Eligible

DPR Eligible: No

More Information

Documents

Flood Disclosure ›

No Seller's Disclosure ›

LBP Disclosure ›

Listing Office: GREEN PALM REALTY & PROPERTY MANAGEMENT

Last Updated: November - 02 - 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.