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.

2802 COLLEGE Street, Jacksonville, FL 32205 (MLS# 804134)

2802 COLLEGE Street, Jacksonville, FL 32205

$336,000

Property Type: Residential Income Bedrooms: 8 Baths: 4 Square Footage: 4,746 Status: Closed

Current Price: $336,000 List Date: 12/29/2015 Last Modified: 10/23/2026

Overview

Description

Rock solid 4 unit building in the red hot Park and King Entertainment District of Riverside-Avondale. All units spacious 2 bedroom 1 bath, hardwood floors, equipped kitchens. Nice original crown moldings, high ceilings, porches and balconies, washer dryers, masonry contruction. Opportunities like this are rare and don't last long. Priced to SELL. SEE IT TODAY!

Listing Details MLS# 804134

General Property Information

Number Of Units Total: 4
Bedrooms Total: 8
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 4746
Living Area Source: Public Records
Year Built: 1928
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Stories: 2
Directions: From corner of King Street and College, head south 1 block, corner of James St. and College
Public Remarks: Rock solid 4 unit building in the red hot Park and King Entertainment District of Riverside-Avondale. All units spacious 2 bedroom 1 bath, hardwood floors, equipped kitchens. Nice original crown moldings, high ceilings, porches and balconies, washer dryers, masonry contruction. Opportunities like this are rare and don't last long. Priced to SELL. SEE IT TODAY!
List Price/SqFt: 71.43
Sold Price/SqFt: 70.8

Property Features

Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Refrigerator; Washer Association Amenities: Laundry Construction Materials: Stucco Cooling: Central Air Flooring: Wood Heating: Central; Heat Pump Listing Terms: Cash; Conventional Lot Features: Corner Lot Owner Pays: Water Parking Features: On Street; Other Pool Features: None Possession: Negotiable; Other Road Surface Type: Asphalt Roof: Other Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date: 2015-12-06
Property Sub Type: Quadruplex

Location Tax and Legal

Street Number: 2802
Street Name: COLLEGE
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
Subdivision Name: Stricklands
MLS Area Major: 032-Avondale

Status Change Information

Major Change Timestamp: 2016-01-05T23:11:44Z
Major Change Type: Status Change
Purchase Contract Date: 2015-12-20
Close Date: 2016-01-05
Close Price: 336000

Income and Expenses

Gross Income: 2270
Gross Scheduled Income: 39240

More Information

Historical Information

Public Historical Remarks 1: Restrictions-No Pets: Y, Occupancy Rate: 75, Possible Financing-1031 Exchange: Y, Present Common Exp: Water, Number of Buildings: 1 Building, Present Rental Terms: Month to Month,Year, Two Bedroom Rentals: $501 to $600/Month,$701 to $800/Month,$801 to $1000/Month
Public Historical Remarks 2: # 2 Bedroom Units: 4, Ceiling 8 + Feet: Y, Structure Off Grade: Y
Public Historical Remarks 3: Current Zoning: RES MD

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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