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.

2427 BETHUNE Avenue, Jacksonville, FL 32207 (MLS# 2172029)

2427 BETHUNE Avenue, Jacksonville, FL 32207

New Listing

$139,900

Property Type: Land Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $139,900 List Date: 11/03/2026 Last Modified: 11/03/2026

Overview

Description

Don't miss out on this opportunity to own land near downtown Jacksonville! See "Permitted Usage and Structures" attachment. County has property listed as Commercial, but entire neighborhood is "Commercial" with houses built on the lots. COJ allows "Single family dwellings which were originally constructed as single family dwellings." Lot previously had a 3 bed 1 bath structure that was taken down. LOT RECENTLY CLEARED See new photos!

Listing Details MLS# 2172029

General Property Information

Lot Size Acres: 0.13
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Senior Community YN: No
Directions: Follow I-95 N to Atlantic Blvd. Take exit 348 from I-95 N. Take exit 348 to merge onto Atlantic Blvd toward US-1. Turn left onto US-1/Kings Ave heading south for approximately 0.3 miles. Turn right onto John St. Turn left onto Bethune Ave. Vacant lot will be on the left. between the houses of 2419 and 2433.
Public Remarks: Don't miss out on this opportunity to own land near downtown Jacksonville! See "Permitted Usage and Structures" attachment. County has property listed as Commercial, but entire neighborhood is "Commercial" with houses built on the lots. COJ allows "Single family dwellings which were originally constructed as single family dwellings." Lot previously had a 3 bed 1 bath structure that was taken down. LOT RECENTLY CLEARED See new photos!
List Price/Acre: 1076153.85

Property Features

Current Use: Commercial; Residential; Other Lot Features: Other Utilities: Other Road Surface Type: Paved Road Frontage Type: City Street Listing Terms: Cash; Conventional; FHA; VA Loan Possession: Close Of Escrow Development Status: Raw Land; See Remarks Showing Requirements: Other

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2026-10-29

Location Tax and Legal

Street Number: 2427
Street Name: BETHUNE
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32207
MLS Area Major: 011-San Marco
Subdivision Name: Simmons Addition

Status Change Information

Major Change Timestamp: 2026-11-03T01:56:28Z
Major Change Type: New Listing

More Information

Documents

Permitted Uses and Structures for Zoning ›

Listing Office: LAUREL MURPHY REAL ESTATE

Last Updated: November - 03 - 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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