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.

2363 REESE Way, Jacksonville, FL 32246 (MLS# 1221626)

2363 REESE Way, Jacksonville, FL 32246

$520,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,126 Status: Closed

Current Price: $520,000 List Date: 4/13/2023 Last Modified: 10/23/2026

Overview

Description

Multiple offers! Agents, please submit best highest offer by noon tomorrow, May 3 2023. Thank you! You'll love coming home to this wonderful home in Red Hawk, a Lennar community just off Kernan Blvd. Awesome central Duval location and an almost new home, spacious, luxurious, with superb amenities. Open floorplan, 2 car garage, screened in porch, tall ceilings and a fabulous layout. All appliances convey, so it's truly a turn key opportunity. Only 5 years new, it's waiting for you! See you there.

Listing Details MLS# 1221626

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2126
Living Area Source: Public Records
Year Built: 2018
Association YN: Yes
Association Fee: 439
Association Fee Frequency: Quarterly
Association Fee 2 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
Entry Level: Yes
Directions: From the intersection of Atlantic and Kernan, drive south on Kernan to a left turn onto Kate Lane , into the Red Hawk subdivision. Turn right onto Reese Way to home on left.
Public Remarks: Multiple offers! Agents, please submit best highest offer by noon tomorrow, May 3 2023. Thank you! You'll love coming home to this wonderful home in Red Hawk, a Lennar community just off Kernan Blvd. Awesome central Duval location and an almost new home, spacious, luxurious, with superb amenities. Open floorplan, 2 car garage, screened in porch, tall ceilings and a fabulous layout. All appliances convey, so it's truly a turn key opportunity. Only 5 years new, it's waiting for you! See you there.
List Price/SqFt: 254
Sold Price/SqFt: 244.59

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Appliances: Dishwasher; Dryer; Gas Range; Microwave; Refrigerator; Tankless Water Heater; Washer Interior Features: Split Bedrooms; Walk-In Closet(s) Utilities: Cable Available; Natural Gas Available Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Construction Materials: Fiber Cement; Frame Roof: Shingle Parking Features: Attached; Garage; On Street Fencing: Back Yard Association Amenities: Clubhouse; Community Pool; Playground Association Fee Includes: Maintenance Grounds; Security 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: 2023-04-13

Location Tax and Legal

Street Number: 2363
Street Name: REESE
Street Suffix: Way
County: Duval
State: FL
Postal Code: 32246
MLS Area Major: 025-Intracoastal West-North Of Beach Blvd
Subdivision Name: Red Hawk

Status Change Information

Major Change Timestamp: 2023-06-26T21:06:11Z
Major Change Type: Status Change
Purchase Contract Date: 2023-05-31
Close Date: 2023-06-26
Close Price: 520000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Interior Amenities-Ceiling 8+ Ft.: Y

Documents

Survey on File ›

Sellers Disclosure ›

INI Additional Disclosure ›

HOA Disclosure ›

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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