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.

2271 YELLOW PINE Court, Orange Park, FL 32073 (MLS# 1229011)

2271 YELLOW PINE Court, Orange Park, FL 32073

$398,000

Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 2,308 Status: Closed

Current Price: $398,000 List Date: 8/29/2023 Last Modified: 8/19/2026

Overview

Description

BACK ON THE MARKET!!! Buyer's financing fell through. Beautiful all brick exterior home located on a large lot in a private culdasec with no HOA fees!!! This spacious well maintained 5 bedrooms, 3 baths beauty has a new roof, all new windows and an updated master ensuite. The fully fenced backyard includes a lovely saltwater pool and a nice screened in patio that's perfect for entertaining. Close proximity to shopping, restaurants, NAS Jacksonville and much more.

Listing Details MLS# 1229011

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2308
Living Area Source: Public Records
Year Built: 1983
Association YN: No
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: I-295 to HWY 17S, Right on Kingsley Ave, Left on Doctors Lake Dr, Left on Moody Ave, Left on Forest Oaks Dr, Left on Yellow Pine CT.
Public Remarks: BACK ON THE MARKET!!! Buyer's financing fell through. Beautiful all brick exterior home located on a large lot in a private culdasec with no HOA fees!!! This spacious well maintained 5 bedrooms, 3 baths beauty has a new roof, all new windows and an updated master ensuite. The fully fenced backyard includes a lovely saltwater pool and a nice screened in patio that's perfect for entertaining. Close proximity to shopping, restaurants, NAS Jacksonville and much more.
List Price/SqFt: 173.31
Sold Price/SqFt: 172.44

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Appliances: Dishwasher; Electric Range; Electric Water Heater; Refrigerator Interior Features: Breakfast Nook; Eat-in Kitchen; Entrance Foyer; Pantry; Primary Bathroom - Tub with Shower; Split Bedrooms Flooring: Laminate; Tile; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Brick; Frame Patio And Porch Features: Patio; Porch; Screened Pool Features: In Ground; Salt Water Roof: Shingle Parking Features: Attached; Garage Fencing: Back Yard; Fenced; Wood Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2023-05-22

Location Tax and Legal

Street Number: 2271
Street Name: YELLOW PINE
Street Suffix: Court
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 136-Lakeside Estates
Subdivision Name: The Forest

Status Change Information

Major Change Timestamp: 2023-11-18T11:15:40Z
Major Change Type: Price Reduced
Price Change Timestamp: 2023-06-19T17:37:14Z
Purchase Contract Date: 2023-09-15
Close Date: 2023-10-04
Close Price: 398000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 2: Brick Fireplace: Y

Room Information

Room Name
Living Room
Great Room
Utility Room

Listing Office: 1st CHOICE REAL ESTATE INC

Last Updated: August - 19 - 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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