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.

2765 FORBES Street, Jacksonville, FL 32205 (MLS# 2161248)

2765 FORBES Street, Jacksonville, FL 32205

$379,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,068 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $379,000 List Date: 8/21/2026 Last Modified: 10/26/2026

Overview

Description

Welcome to this charming Riverside bungalow, ideally located just one block from the local favorites of the King Street District! A cozy covered front porch welcomes you into this 3-bedroom, 2-bath home, blending vintage character with thoughtful updates including an updated kitchen with granite countertops, soft-close cabinetry and stainless steel appliances, updated baths, and interior laundry. The spacious backyard offers plenty of room to relax or entertain with a paver patio, firepit and established landscaping. An added bonus is the detached, heated and cooled flex space; currently used as a home office and workout room, with endless possibilities for how you make it your own. Enjoy generous outdoor space and one of Riverside's most convenient locations. Roof replaced in 2022 and HVAC in 2020, fogged windows recently replaced.

Listing Details MLS# 2161248

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1068
Living Area Source: Public Records
Year Built: 1924
Accessory Dwelling Unit Y/N: Yes
Homestead YN: Yes
Lot Size Acres: 0.13
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Direction Faces: South
Directions: From King and Park St: North on King Street, Left onto Forbes, home is located on the Right: 2765 Forbes
Public Remarks: Welcome to this charming Riverside bungalow, ideally located just one block from the local favorites of the King Street District! A cozy covered front porch welcomes you into this 3-bedroom, 2-bath home, blending vintage character with thoughtful updates including an updated kitchen with granite countertops, soft-close cabinetry and stainless steel appliances, updated baths, and interior laundry. The spacious backyard offers plenty of room to relax or entertain with a paver patio, firepit and established landscaping. An added bonus is the detached, heated and cooled flex space; currently used as a home office and workout room, with endless possibilities for how you make it your own. Enjoy generous outdoor space and one of Riverside's most convenient locations. Roof replaced in 2022 and HVAC in 2020, fogged windows recently replaced.
List Price/SqFt: 354.87

Property Features

Architectural Style: Craftsman Accessory Dwelling Information: Other Appliances: Dishwasher; Microwave; Refrigerator Interior Features: Breakfast Bar; Ceiling Fan(s) Flooring: Tile; Wood Laundry Features: In Unit Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Fiber Cement Patio And Porch Features: Covered; Front Porch; Porch Roof: Shingle Parking Features: Attached Fencing: Back Yard Current Use: Residential; Single Family Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-08-21

Location Tax and Legal

Street Number: 2765
Street Name: FORBES
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 032-Avondale
Subdivision Name: New Riverside

Status Change Information

Major Change Timestamp: 2026-10-22T19:52:01Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-22T19:52:01Z

Accessory Dwelling Information

Dwelling Type: Other
ADU Attached Y/N: Yes

More Information

Fireplace Features

Fireplaces Total: Yes

DPR Eligible

DPR Eligible: Yes

Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

Last Updated: October - 26 - 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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