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.

2440 PEG LEG Road, Jacksonville, FL 32224 (MLS# 2171314)

2440 PEG LEG Road, Jacksonville, FL 32224

$697,000

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,132 Lot Size (sq. ft.): 16,117 Status: Active Under Contract

Current Price: $697,000 List Date: 10/28/2026 Last Modified: 11/01/2026

Overview

Description

Truly a one of a kind property! Full of curb appeal and coastal charm, this beautifully refreshed 4-bedroom, 2-bath home features thoughtfully chosen details you won't find just anywhere! Inside, an open floor plan filled with natural light connects the cozy living room, spacious dining area, and an entertainer's dream kitchen featuring an oversized island, abundant cabinetry, farmhouse sink, and new stainless-steel appliances. The split-bedroom layout offers privacy, while the primary suite feels like a retreat of its own with tropical inspired wallpaper, custom wall sconces, and shiplap ceilings. Both bathrooms have been beautifully refreshed with high-end vanities and elevated fixtures. New LVP flooring and fresh interior and exterior paint complete the home's inviting feel. Outside, the large, fenced in backyard is made for Florida living, featuring a resurfaced pool with a new pool pump, newly installed pavers, and a custom pergola perfect for entertaining or unwinding.

Supplements: Situated in a welcoming neighborhood near parks and schools, this one-of-a-kind home brings together distinctive coastal-inspired design, everyday comfort, and effortless indoor/outdoor living. Schedule your private tour TODAY!

Listing Details MLS# 2171314

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1811
Living Area Source: Assessor
Building Area Total: 2132
Year Built: 1976
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.37
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: Yes
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: Located off San Pablo between Beach and Atlantic. Take Castaway Dr off San Pablo to Left on Peg Leg. House will be on left.
Public Remarks: Truly a one of a kind property! Full of curb appeal and coastal charm, this beautifully refreshed 4-bedroom, 2-bath home features thoughtfully chosen details you won't find just anywhere! Inside, an open floor plan filled with natural light connects the cozy living room, spacious dining area, and an entertainer's dream kitchen featuring an oversized island, abundant cabinetry, farmhouse sink, and new stainless-steel appliances. The split-bedroom layout offers privacy, while the primary suite feels like a retreat of its own with tropical inspired wallpaper, custom wall sconces, and shiplap ceilings. Both bathrooms have been beautifully refreshed with high-end vanities and elevated fixtures. New LVP flooring and fresh interior and exterior paint complete the home's inviting feel. Outside, the large, fenced in backyard is made for Florida living, featuring a resurfaced pool with a new pool pump, newly installed pavers, and a custom pergola perfect for entertaining or unwinding.
List Price/SqFt: 384.87

Property Features

Architectural Style: Traditional Levels: One Property Condition: Updated/Remodeled Rental Restrictions: No Minimum Appliances: Dishwasher; Disposal; Electric Oven; Electric Water Heater; Freezer; Ice Maker; Microwave; Refrigerator; Wine Cooler Interior Features: Ceiling Fan(s); Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Split Bedrooms; Walk-In Closet(s) Flooring: Luxury Vinyl Laundry Features: Electric Dryer Hookup; In Garage; Washer Hookup Utilities: Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Construction Materials: Brick Patio And Porch Features: Front Porch; Patio Pool Features: In Ground Roof: Shingle Parking Features: Garage; Garage Door Opener View: Pool Fencing: Back Yard Current Use: Residential Community Features: Sidewalks Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Appraisal; Financing; Inspection