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.

222 E 16TH Street, Jacksonville, FL 32206 (MLS# 2170740)

222 E 16TH Street, Jacksonville, FL 32206

$155,000

Virtual Tour

https://my.matterport.com/show/?m=HAWWUhcS911

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,446 Lot Size (sq. ft.): 4,792 Status: Active

Current Price: $155,000 List Date: 10/23/2026 Last Modified: 10/26/2026

Overview

Description

Welcome to 222 E 16th Street in Jacksonville's historic Springfield area! This beautifully renovated 3-bedroom, 2-bathroom home offers 1,306 square feet of refreshed living space, with major updates completed in 2026. Enjoy the added comfort of an enclosed, screened-in front porch, perfect for relaxing and enjoying the outdoors. Inside, the home features a functional layout, while major improvements include a new roof, new AC system, new water heater, and new appliances. With its extensive renovation and updated systems, this home is ready for its next chapter. Conveniently located in Springfield, with access to nearby shopping, dining, and everyday amenities, this property is an excellent opportunity for buyers seeking a move-in-ready home in Jacksonville.

Listing Details MLS# 2170740

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1306
Living Area Source: Public Records
Building Area Total: 1446
Year Built: 1919
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.11
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: From Downtown Jacksonville, head north on Main Street (US-1). Turn right onto E 16th Street and continue to 222 E 16th Street. The property will be on your right.
Public Remarks: Welcome to 222 E 16th Street in Jacksonville's historic Springfield area! This beautifully renovated 3-bedroom, 2-bathroom home offers 1,306 square feet of refreshed living space, with major updates completed in 2026. Enjoy the added comfort of an enclosed, screened-in front porch, perfect for relaxing and enjoying the outdoors. Inside, the home features a functional layout, while major improvements include a new roof, new AC system, new water heater, and new appliances. With its extensive renovation and updated systems, this home is ready for its next chapter. Conveniently located in Springfield, with access to nearby shopping, dining, and everyday amenities, this property is an excellent opportunity for buyers seeking a move-in-ready home in Jacksonville.
List Price/SqFt: 118.68

Property Features

Architectural Style: Traditional Levels: One Property Condition: Updated/Remodeled Rental Restrictions: No Minimum Appliances: Electric Range; Microwave; Refrigerator Interior Features: Primary Bathroom - Tub with Shower Flooring: Laminate Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Electricity Available; Electricity Connected; Sewer Available; Sewer Connected; Water Available; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Private Sewer Construction Materials: Fiber Cement; Wood Siding Patio And Porch Features: Covered; Front Porch Roof: Shingle Parking Features: Off Street; On Street Current Use: Residential; Single Family Road Frontage Type: City Street Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-21

Location Tax and Legal

Street Number: 222
Street Direction Prefix: E
Street Name: 16TH
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32206
MLS Area Major: 076-Downtown Jacksonville-Eastside
Subdivision Name: New Springfield

Status Change Information

Major Change Timestamp: 2026-10-23T23:14:42Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: LOKATION

Last Updated: October - 26 - 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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