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.

233 E BAY Street 905, Jacksonville, FL 32202 (MLS# 2142250)

233 E BAY Street 905, Jacksonville, FL 32202

$4,380

Property Type: Commercial Lease Square Footage: 2,285 Status: Active

Current Price: $4,380 List Date: 4/28/2026 Last Modified: 10/26/2026

Overview

Description

Beautiful River Views executive office suite, with reception area, conference room, six individual offices, storage space and open space for cubilcals. Located in the beautiful and impressive Blackstone Building, directly across from the Hyatt. Parking in building's garage. Three parking spaces come with suite. Rest Rooms on floor.

Listing Details MLS# 2142250

General Property Information

Building Area Total: 2285
Building Area Source: Public Records
Accessibility Features YN: No
Year Built: 1974
Building Name: Blackstone
Waterfront YN: Yes
Stories Total: 11
Entry Level: 9
Leasable Area: 2285
Directions: I-95 North or South to Downtown exit #348, to Main Street Bridge, Ocean Street, to Newnon Street exit to left on Bay. Blackstone bldging on left between Newnon and Market.Located in Jacksonville's Blackstone Building on E Bay Street overlooking the St. John's River.
Public Remarks: Beautiful River Views executive office suite, with reception area, conference room, six individual offices, storage space and open space for cubilcals. Located in the beautiful and impressive Blackstone Building, directly across from the Hyatt. Parking in building's garage. Three parking spaces come with suite. Rest Rooms on floor.
List Price/SqFt: 1.92

Property Features

Additional Lease Terms: Negotiable Building Features: Elevator; Freight Elevator(s); Restaurant Business Type: Professional Service; Professional/Office Cooling: Central Air Current Use: Office Flooring: Tile Heating: Central Lease Includes: Building Only Lot Features: Other Owner Pays: Association Fees; Taxes Parking Features: Assigned; Garage; On Street Road Frontage Type: City Street Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: All Utilities; Electricity Water Source: Public Waterfront Features: River Front

Contract Information

Base Rent Per Year: 52555
Listing Contract Date: 2026-04-28
Property Sub Type: Office
Availability Date: 2026-04-28

Location Tax and Legal

Street Number: 233
Street Direction Prefix: E
Street Name: BAY
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32202
MLS Area Major: 073-Downtown Jacksonville-Northbank

Status Change Information

Major Change Timestamp: 2026-04-28T06:01:38Z
Major Change Type: New Listing

More Information

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: October - 26 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare