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.

2342 MITCHELL Place, Jacksonville, FL 32207 (MLS# 906766)

2342 MITCHELL Place, Jacksonville, FL 32207

$162,500

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,405 Status: Closed

Current Price: $162,500 List Date: 10/26/2017 Last Modified: 10/23/2026

Overview

Description

A great find within greater San Marco. This adorable 3 bedroom 2 bath home is ready for immediate occupancy, and priced for immediate sale. A half mile from San Marco Square, this home is surprisingly spacious and completely up to date. Granite kitchen, hard wood flooring, living room, family room and delightful Master suite. Lush front yard with new landscaping, a large storage building and screened porch complete the picture. DO NOT MISS THIS HOME. 3 bedrooms and 2 full baths in this condition and price range are impossible to find in such a convenient San Marco location. Easy commute to anywhere, or be in The Square in minutes. A-rated Hendricks Ave school district!

Listing Details MLS# 906766

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1405
Living Area Source: Public Records
Year Built: 1950
Homestead YN: Yes
Lot Size Dimensions: 56 x 113
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From San Marco Square travel on Atlantic Blvd .3 of a mile to right on Perry, continue to Right on Mitchell Place.
Public Remarks: A great find within greater San Marco. This adorable 3 bedroom 2 bath home is ready for immediate occupancy, and priced for immediate sale. A half mile from San Marco Square, this home is surprisingly spacious and completely up to date. Granite kitchen, hard wood flooring, living room, family room and delightful Master suite. Lush front yard with new landscaping, a large storage building and screened porch complete the picture. DO NOT MISS THIS HOME. 3 bedrooms and 2 full baths in this condition and price range are impossible to find in such a convenient San Marco location. Easy commute to anywhere, or be in The Square in minutes. A-rated Hendricks Ave school district!
List Price/SqFt: 115.66
Sold Price/SqFt: 115.66

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Electric Range; Electric Water Heater; Microwave Interior Features: Eat-in Kitchen; Split Bedrooms; Walk-In Closet(s) Flooring: Tile; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Construction Materials: Brick; Fiber Cement; Frame Patio And Porch Features: Patio; Screened Pool Features: None Roof: Shingle Fencing: Back Yard 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: 2017-10-26

Location Tax and Legal

Street Number: 2342
Street Name: MITCHELL
Street Suffix: Place
County: Duval
State: FL
Postal Code: 32207
MLS Area Major: 011-San Marco
Subdivision Name: New Riverside

Status Change Information

Major Change Timestamp: 2017-12-15T03:23:01Z
Major Change Type: Status Change
Purchase Contract Date: 2017-11-14
Close Date: 2017-12-14
Close Price: 162500

More Information

Room Information

Room Name
Living Room
Family 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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