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.

2442 SYLVAN CHASE Drive, Orange Park, FL 32073 (MLS# 1183964)

2442 SYLVAN CHASE Drive, Orange Park, FL 32073

$327,000

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Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 1,902 Status: Closed

Current Price: $327,000 List Date: 8/05/2022 Last Modified: 5/12/2026

Overview

Description

Back-up Offers Welcome! This 4 bedroom 3 bath home is located in the established neighborhood of The Springs in beautiful Old Orange Park. The home has an updated Kitchen with granite countertops and a subway tile backsplash. All 3 bathrooms have been beautifully updated with new vanities, marble countertops, and updated lighting. Downstairs is the owners suite with an en-suite bathroom that has a beautiful, large walk-in shower. A second bedroom downstairs and a guest bath that is accessible form the hall or bedroom. Upstairs is bedrooms 3 and 4 with a shared bath. Enjoy access to Drs Lake through the community dock and boat ramp.

Listing Details MLS# 1183964

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 1902
Living Area Source: Public Records
Year Built: 1979
Association YN: Yes
Association Fee: 308
Association Fee Frequency: Annually
Association Name: The Springs HOA
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From Blanding and Kingsley, go East to Drs Lake Dr, South on Drs Lake to Sylvan Chase on left, home is on right
Public Remarks: Back-up Offers Welcome! This 4 bedroom 3 bath home is located in the established neighborhood of The Springs in beautiful Old Orange Park. The home has an updated Kitchen with granite countertops and a subway tile backsplash. All 3 bathrooms have been beautifully updated with new vanities, marble countertops, and updated lighting. Downstairs is the owners suite with an en-suite bathroom that has a beautiful, large walk-in shower. A second bedroom downstairs and a guest bath that is accessible form the hall or bedroom. Upstairs is bedrooms 3 and 4 with a shared bath. Enjoy access to Drs Lake through the community dock and boat ramp.
List Price/SqFt: 184.02
Sold Price/SqFt: 171.92

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Electric Range; Electric Water Heater; Refrigerator Interior Features: Breakfast Bar; Breakfast Nook; Eat-in Kitchen; Primary Bathroom - Shower No Tub; Primary Downstairs; Split Bedrooms Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Patio And Porch Features: Patio Pool Features: None Roof: Shingle Current Use: Residential; Single Family Association Amenities: Boat Dock; Boat Launch Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2022-07-29

Location Tax and Legal

Street Number: 2442
Street Name: SYLVAN CHASE
Street Suffix: Drive
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 137-Doctor's Lake
Subdivision Name: The Springs

Status Change Information

Major Change Timestamp: 2023-11-17T14:19:33Z
Major Change Type: Price Reduced
Price Change Timestamp: 2022-09-02T15:15:22Z
Purchase Contract Date: 2022-10-17
Close Date: 2022-12-13
Close Price: 327000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 1: Courtyard Entry Garage: Y
Public Historical Remarks 2: Dining-Living/Dining Combo: Y

Documents

Survey ›

Listing Office: MOMENTUM REALTY

Last Updated: May - 12 - 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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