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.

2771 MESQUITE Avenue, Orange Park, FL 32065 (MLS# 2119085)

2771 MESQUITE Avenue, Orange Park, FL 32065

$150,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,560 Status: Closed

Current Price: $150,000 List Date: 11/24/2025 Last Modified: 2/03/2026

Overview

Description

INVESTOR SPECIAL—Concrete block, brick front, single-story home. This 3-bedroom, 2 bathroom, 1,560 sq ft home offers incredible potential for investors and flippers. The property sits on a fully fenced lot in a well-established Orange Park neighborhood with no HOA—making it a prime opportunity to add value and maximize returns. Inside, the home features a spacious layout with a large living area, generous bedrooms, and plenty of room to modernize and customize. The roof and HVAC were both replaced in 2016.

Listing Details MLS# 2119085

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1560
Living Area Source: Appraiser
Year Built: 1980
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
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
Directions: From 17 and CR 220, go west on 220. Turn right on College Drive. Go 1 mile and turn left on Old Jennings Road. Go 1/2 mile and turn right on Mesquite Avenue. Home on Left
Public Remarks: INVESTOR SPECIAL—Concrete block, brick front, single-story home. This 3-bedroom, 2 bathroom, 1,560 sq ft home offers incredible potential for investors and flippers. The property sits on a fully fenced lot in a well-established Orange Park neighborhood with no HOA—making it a prime opportunity to add value and maximize returns. Inside, the home features a spacious layout with a large living area, generous bedrooms, and plenty of room to modernize and customize. The roof and HVAC were both replaced in 2016.
List Price/SqFt: 134.62
Sold Price/SqFt: 96.15

Property Features

Architectural Style: Ranch Rental Restrictions: No Minimum Appliances: Convection Oven; Dishwasher; Dryer; Refrigerator; Washer Utilities: Cable Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Parking Features: Off Street; On Street Current Use: Ranch Possession: Close Of Escrow Listing Terms: Cash; Conventional Contingency Reason: Other

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-11-21

Location Tax and Legal

Street Number: 2771
Street Name: MESQUITE
Street Suffix: Avenue
County: Clay
State: FL
Postal Code: 32065
MLS Area Major: 138-Tanglewood
Subdivision Name: Tanglewood Village

Status Change Information

Major Change Timestamp: 2026-02-03T00:14:39Z
Major Change Type: Status Change
Purchase Contract Date: 2026-01-19
Close Date: 2026-02-02
Close Price: 150000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: EXP REALTY LLC

Last Updated: February - 03 - 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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