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.

2623 LYNNHAVEN Terrace, Jacksonville, FL 32223 (MLS# 2170842)

2623 LYNNHAVEN Terrace, Jacksonville, FL 32223

$585,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,136 Lot Size (sq. ft.): 35,719 Status: Active

Current Price: $585,000 List Date: 10/25/2026 Last Modified: 10/25/2026

Overview

Description

In Jacksonville's Lake Mandarin community, this single-story home features a vaulted living room with exposed beams, broad windows and a fireplace shared with the adjoining dining area. The kitchen includes a central island, range hood and skylight. Sliding doors from the primary bedroom open onto the deck, while an open-air courtyard brings another outdoor space into the layout. The deck connects the home to an enclosed pool and spa area. A wooded yard and both attached and detached garage spaces add to the property's distinctive setting. Included 100-Day Home Warranty with buyer activation

Listing Details MLS# 2170842

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2136
Living Area Source: Public Records
Year Built: 1977
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.82
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: Yes
Water Body Access YN: Yes
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: Head north on San Jose Blvd. Turn left on Mandarin Rd. Turn right on Scott Mill Rd. Turn left on Lynnhaven Ter. Property is on the right.
Public Remarks: In Jacksonville's Lake Mandarin community, this single-story home features a vaulted living room with exposed beams, broad windows and a fireplace shared with the adjoining dining area. The kitchen includes a central island, range hood and skylight. Sliding doors from the primary bedroom open onto the deck, while an open-air courtyard brings another outdoor space into the layout. The deck connects the home to an enclosed pool and spa area. A wooded yard and both attached and detached garage spaces add to the property's distinctive setting. Included 100-Day Home Warranty with buyer activation
List Price/SqFt: 273.88

Property Features

Levels: One Appliances: Dishwasher; Microwave; Other Flooring: Carpet; Tile Utilities: Electricity Connected; Natural Gas Available; Water Connected Cooling: Central Air Heating: Central; Natural Gas Water Source: Well Sewer: Septic Tank Pool Features: In Ground Roof: Metal Parking Features: Attached; Garage Current Use: Other Possession: Close Of Escrow Listing Terms: Cash; Conventional; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-25

Location Tax and Legal

Street Number: 2623
Street Name: LYNNHAVEN
Street Suffix: Terrace
County: Duval
State: FL
Postal Code: 32223
MLS Area Major: 014-Mandarin
Subdivision Name: Hudnall Grant

Status Change Information

Major Change Timestamp: 2026-10-25T18:36:48Z
Major Change Type: New Listing

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: Yes

Listing Office: OPENDOOR BROKERAGE, LLC.

Last Updated: October - 25 - 2026

Broker Attribution: [email protected]

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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