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.

2221 LARCHMONT Road, Jacksonville, FL 32207 (MLS# 1064174)

2221 LARCHMONT Road, Jacksonville, FL 32207

$185,000

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,262 Status: Closed

Current Price: $185,000 List Date: 7/21/2020 Last Modified: 10/23/2026

Overview

Description

Sweet brick bungalow waiting to be your showplace. Hardwood flooring, fireplace, newer windows, roof. Plumbing and electric just updated. (2020). HVAC done in 2017, along with a bathroom remodel. Nice floor plan, good sized rooms. Large kitchen. Two car concrete block garage completes the picture. Awaiting your finishing touches!

Listing Details MLS# 1064174

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 1262
Living Area Source: Public Records
Year Built: 1942
Lot Size Dimensions: 67 x 101
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From Atlantic Blvd turn South onto Ridgewood Place, right onto Ridgewood Rd then immediate left onto Larchmont. To home on left 2221 Larchmont.
Public Remarks: Sweet brick bungalow waiting to be your showplace. Hardwood flooring, fireplace, newer windows, roof. Plumbing and electric just updated. (2020). HVAC done in 2017, along with a bathroom remodel. Nice floor plan, good sized rooms. Large kitchen. Two car concrete block garage completes the picture. Awaiting your finishing touches!
List Price/SqFt: 146.59
Sold Price/SqFt: 146.59

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Flat; Other Appliances: Dryer; Electric Range; Electric Water Heater; Refrigerator; Washer Flooring: Wood Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Construction Materials: Brick Pool Features: None Roof: Shingle Parking Features: Detached; Garage Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2020-07-20

Location Tax and Legal

Street Number: 2221
Street Name: LARCHMONT
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32207
MLS Area Major: 021-St Nicholas Area
Subdivision Name: St Nicholas

Status Change Information

Major Change Timestamp: 2020-09-22T20:04:34Z
Major Change Type: Status Change
Purchase Contract Date: 2020-08-25
Close Date: 2020-09-22
Close Price: 185000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Self Cleaning Oven: Y
Public Historical Remarks 2: Fenced Partial: Y, City Lot Location: Y

Room Information

Room Name
Florida Room

Listing Office: INI 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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