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.

2616 MALIBU Circle, Orange Park, FL 32065 (MLS# 1248840)

2616 MALIBU Circle, Orange Park, FL 32065

$247,900

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,084 Status: Closed

Current Price: $247,900 List Date: 9/21/2023 Last Modified: 5/13/2026

Overview

Description

This exquisitely remodeled three-bedroom, two-bathroom home offers a one-car garage for added convenience. Step inside to discover a completely renovated interior, featuring graceful vaulted ceilings and sleek quartz countertops in the kitchen. Natural light fills the space through brand-new windows & doors, creating an inviting atmosphere. Outside, a spacious, fully fenced backyard provides ample room for outdoor activities an a peaceful preserve view, offering both privacy & a connection to nature. Within, an open concept layout promotes a seamless flow, enhanced by resilient LVP flooring and modern 5-inch baseboards throughout. The bathrooms and kitchen showcase contemporary, tasteful finishes, adding to the home's overall allure. This property offers both modern and timeless elegance.

Listing Details MLS# 1248840

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1084
Living Area Source: Public Records
Year Built: 1989
Association YN: No
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Directions: Head N on 295 North Take Exit 12 to Orange Park Mall Turn L to Blanding Blvd Turn L on Jefferson Ave Turn L on San Francisco Blvd Turn R on Bay Hill Blvd Turn L on Malibu Cir 2616 Malibu Cir
Public Remarks: This exquisitely remodeled three-bedroom, two-bathroom home offers a one-car garage for added convenience. Step inside to discover a completely renovated interior, featuring graceful vaulted ceilings and sleek quartz countertops in the kitchen. Natural light fills the space through brand-new windows & doors, creating an inviting atmosphere. Outside, a spacious, fully fenced backyard provides ample room for outdoor activities an a peaceful preserve view, offering both privacy & a connection to nature. Within, an open concept layout promotes a seamless flow, enhanced by resilient LVP flooring and modern 5-inch baseboards throughout. The bathrooms and kitchen showcase contemporary, tasteful finishes, adding to the home's overall allure. This property offers both modern and timeless elegance.
List Price/SqFt: 228.69
Sold Price/SqFt: 228.69

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Appliances: Dishwasher; Disposal; Electric Range; Refrigerator Interior Features: Primary Bathroom - Shower No Tub; Primary Downstairs; Vaulted Ceiling(s) Flooring: Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Frame Pool Features: None Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener View: Protected Preserve Fencing: Fenced; Full; Wood; Other Current Use: Residential; Single Family Road Surface Type: Concrete Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2023-09-21

Location Tax and Legal

Street Number: 2616
Street Name: MALIBU
Street Suffix: Circle
County: Clay
State: FL
Postal Code: 32065
MLS Area Major: 138-Tanglewood
Subdivision Name: Bay Hill

Status Change Information

Major Change Timestamp: 2023-10-31T02:29:27Z
Major Change Type: Status Change
Purchase Contract Date: 2023-10-06
Close Date: 2023-10-30
Close Price: 247900

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 2: Energy Features-Forced Air: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Structure Slab: Y

Listing Office: GAME CHANGER REALTY, LLC

Last Updated: May - 13 - 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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