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.

228 W 11TH Street, Jacksonville, FL 32206 (MLS# 2173708)

228 W 11TH Street, Jacksonville, FL 32206

New Listing

$285,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,064 Lot Size (sq. ft.): 6,970 Status: Active

Current Price: $285,000 List Date: 11/13/2026 Last Modified: 11/14/2026

Overview

Description

*****INVESTOR SPECIAL*****This spacious Brick home is loaded with untapped potential. There are a total of 3 floors plus a basement. The 3rd fllor is accessible from the second floor by pulling down the stairs. The extra large lot affords a huge 572 sq ft garage, plus a carport or place to park your RV. whichever best suits your needs. Friendly front porch for coffee mornings or evening relaxing.

Listing Details MLS# 2173708

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2064
Living Area Source: Public Records
Year Built: 1913
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.16
Lot Size Dimensions: 69X100
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: Yes
Carport Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 3
Senior Community YN: No
Directions: From Downtown, go North on Main Street to left on 11th St. Follow short distance to Brick house on right.
Public Remarks: *****INVESTOR SPECIAL*****This spacious Brick home is loaded with untapped potential. There are a total of 3 floors plus a basement. The 3rd fllor is accessible from the second floor by pulling down the stairs. The extra large lot affords a huge 572 sq ft garage, plus a carport or place to park your RV. whichever best suits your needs. Friendly front porch for coffee mornings or evening relaxing.
List Price/SqFt: 138.08

Property Features

Architectural Style: Historic Levels: Three Or More Property Condition: Fixer Appliances: Other Fireplace Features: Wood Burning Flooring: Wood Utilities: Sewer Connected; Water Connected Cooling: None Heating: None Water Source: Public Sewer: Public Sewer Construction Materials: Brick Exterior Features: Balcony Patio And Porch Features: Porch Parking Features: Carport; Detached; On Street Fencing: Wire Current Use: Single Family Community Features: Sidewalks; Street Lights Possession: Close Of Escrow Listing Terms: Cash

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-11-12

Location Tax and Legal

Street Number: 228
Street Direction Prefix: W
Street Name: 11TH
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32206
MLS Area Major: 072-Springfield
Subdivision Name: Springfield

Status Change Information

Major Change Timestamp: 2026-11-13T18:46:26Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Documents

Flood ›

Lead Base Paint ›

Historic District Disclosure ›

Listing Office: THE LEGENDS OF REAL ESTATE

Last Updated: November - 14 - 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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