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.

2748 GILMORE Street, Jacksonville, FL 32205 (MLS# 1109199)

2748 GILMORE Street, Jacksonville, FL 32205

$74,800

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 696 Status: Closed

Current Price: $74,800 List Date: 5/10/2021 Last Modified: 10/23/2026

Overview

Description

Two bedroom, one bath home neighboring Riverside within view of Cork Art District and Bold City Brewery. Solid hardwood floors with a good floorplan that makes the most of this bungalow. Investor special, being sold AS-IS, CASHonly. Seller also offers three other homes in central Jacksonville .

Listing Details MLS# 1109199

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 696
Living Area Source: Public Records
Year Built: 1942
Lot Size Dimensions: 50 x 98
Association YN: No
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: From intersection of King St and Rosselle Street head west on Rosselle. One block, then turn left onto Gilmore around to house on left.
Public Remarks: Two bedroom, one bath home neighboring Riverside within view of Cork Art District and Bold City Brewery. Solid hardwood floors with a good floorplan that makes the most of this bungalow. Investor special, being sold AS-IS, CASHonly. Seller also offers three other homes in central Jacksonville .
List Price/SqFt: 93.39
Sold Price/SqFt: 107.47

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Other Cooling: None Heating: None Water Source: Public Sewer: Public Sewer Pool Features: None Parking Features: Other Lot Features: Historic Area Current Use: Residential Possession: Negotiable

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2021-05-10

Location Tax and Legal

Street Number: 2748
Street Name: GILMORE
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 031-Riverside
Subdivision Name: Riverside

Status Change Information

Major Change Timestamp: 2021-07-01T13:35:02Z
Major Change Type: Status Change
Purchase Contract Date: 2021-06-14
Close Date: 2021-06-28
Close Price: 74800

More Information

Listing Office: INI REALTY

Last Updated: October - 23 - 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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