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.

2775 HERSCHEL Street 12, Jacksonville, FL 32205 (MLS# 2165982)

2775 HERSCHEL Street 12, Jacksonville, FL 32205

$1,050

Property Type: Residential Lease Bedrooms: 1 Baths: 1 Square Footage: 550 Lot Size (sq. ft.): 15,682 Status: Active

Current Price: $1,050 List Date: 9/22/2026 Last Modified: 10/30/2026

Overview

Description

Charming 1 bedroom, 1 bathroom apartment in Riverside. This apartment is ready to welcome you home. Walk to nearby shops and restaurants in the King St District! On-site coined laundry is available. This fantastic upstairs unit is located on beautiful Herschel Street in Riverside. Rent: $1050 + $20 admin fee+ $75 utility fee (covers water/sewer & electric) = $1145. Security Deposit: $1,050 Sorry, no pets. Qualifications: Application fee of $89 per person. 12 month lease. Credit, background, income and rental verification will be required. Applicants must have a combined monthly gross income of 3 times the monthly rent.

Listing Details MLS# 2165982

General Property Information

Bedrooms Total: Yes
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 550
Living Area Source: Estimated
Year Built: 1958
Accessory Dwelling Unit Y/N: No
Lot Size Acres: 0.36
Association YN: No
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories Total: 2
Entry Level: 2
Senior Community YN: No
Directions: From I-95 N take exit 351A Turn left onto Park St. After 1.3 miles turn left onto James St. Turn left onto Herschel. 2775 Herschel is on the corner of James and Herschel.
Public Remarks: Charming 1 bedroom, 1 bathroom apartment in Riverside. This apartment is ready to welcome you home. Walk to nearby shops and restaurants in the King St District! On-site coined laundry is available. This fantastic upstairs unit is located on beautiful Herschel Street in Riverside. Rent: $1050 + $20 admin fee+ $75 utility fee (covers water/sewer & electric) = $1145. Security Deposit: $1,050 Sorry, no pets. Qualifications: Application fee of $89 per person. 12 month lease. Credit, background, income and rental verification will be required. Applicants must have a combined monthly gross income of 3 times the monthly rent.
List Price/SqFt: 1.91

Property Features

Owner Pays: Taxes; Trash Collection Appliances: Electric Oven; Refrigerator Interior Features: Ceiling Fan(s); Primary Bathroom - Tub with Shower Water Source: Public Parking Features: Off Street; On Street Sewer: Public Sewer Security Features: Smoke Detector(s) Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Road Frontage Type: City Street Rent Includes: Trash Collection Tenant Pays: All Utilities Pets Allowed: No

Contract Information

Property Sub Type: Apartment
Property Attached YN: No
Listing Contract Date: 2026-09-21
Lease Term: 12 Months
Availability Date: 2026-09-22

Location Tax and Legal

Street Number: 2775
Street Name: HERSCHEL
Street Suffix: Street
State: FL
County: Duval
Postal Code: 32205
MLS Area Major: 032-Avondale
Subdivision Name: Lightbodys

Status Change Information

Major Change Timestamp: 2026-10-30T21:30:14Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-30T21:30:14Z

Deposits and Fees

Application Fee: 99
Security Deposit: 1100

More Information

Listing Office: HONEYCOMB REALTY LLC

Last Updated: October - 30 - 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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