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.

2848 ADMIRALS WALK Drive W, Orange Park, FL 32073 (MLS# 1195284)

2848 ADMIRALS WALK Drive W, Orange Park, FL 32073

$416,900

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,376 Status: Closed

Current Price: $416,900 List Date: 11/15/2022 Last Modified: 6/05/2026

Overview

Description

MULTIPLE OFFERS RECEIVED...PLEASE HAVE BEST OFFER/TERMS IN BY 2PM SUNDAY 11/20/22. Beautiful Modern French Style 2 story home with Mansard Roof (2009). This home features a beautiful brick step entry, four bedrooms, 2.5 baths with all bedrooms and two baths upstairs and one-half bath downstairs. Freshly painted throughout, with new flooring in shared areas and newer carpet in the bedrooms and new lighting throughout. Large master bedroom with upgraded bath. Granite counters in kitchen with 42'' freshly painted cabinets and Stainless-Steel appliances (refrigerator not included). Lovely brick fireplace with wood mantle in family room. Almost 1/2 acre with sparkling in-ground pool with new liner in 2015

Supplements: Almost 1/2 acre with sparkling in-ground pool with new liner in 2015. New HVAC in 2019, updated electrical panel July, 2021,Main roof 2012, roof over garage 2009. Travertine under floors in foyer and kitchen, Bamboo under floors in DR/LR. If a buyer uses Mi Mortgage for financing, they will receive up to $2000 towards closing costs, or rate buy-do ... (Read more)

Listing Details MLS# 1195284

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2376
Living Area Source: Public Records
Year Built: 1975
Lot Size Dimensions: 115 x 175
Association YN: Yes
Association Fee: 100
Association Fee Frequency: Annually
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From I295 head south on Roosevelt Blvd. (Highway 17) through Orange Park to Right on Kingsley Avenue to Left on Doctors Lake Dr. to Left on Admirals Walk Dr. East to Right on Admirals Walk Dr. North.
Public Remarks: MULTIPLE OFFERS RECEIVED...PLEASE HAVE BEST OFFER/TERMS IN BY 2PM SUNDAY 11/20/22. Beautiful Modern French Style 2 story home with Mansard Roof (2009). This home features a beautiful brick step entry, four bedrooms, 2.5 baths with all bedrooms and two baths upstairs and one-half bath downstairs. Freshly painted throughout, with new flooring in shared areas and newer carpet in the bedrooms and new lighting throughout. Large master bedroom with upgraded bath. Granite counters in kitchen with 42'' freshly painted cabinets and Stainless-Steel appliances (refrigerator not included). Lovely brick fireplace with wood mantle in family room. Almost 1/2 acre with sparkling in-ground pool with new liner in 2015
List Price/SqFt: 172.52
Sold Price/SqFt: 175.46

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Other Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Microwave Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Eat-in Kitchen; Entrance Foyer; Pantry; Primary Bathroom - Tub with Shower Flooring: Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Brick; Frame Patio And Porch Features: Patio; Porch; Screened Pool Features: In Ground Roof: Shingle Lot Features: Sprinklers In Front; Sprinklers In Rear Fencing: Back Yard; Fenced; Wood Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2022-10-10

Location Tax and Legal

Street Number: 2848
Street Name: ADMIRALS WALK
Street Suffix: Drive
Street Direction Suffix: W
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 137-Doctor's Lake
Subdivision Name: Admirals Walk

Status Change Information

Major Change Timestamp: 2023-11-17T16:05:46Z
Major Change Type: Price Reduced
Price Change Timestamp: 2022-11-07T16:36:50Z
Purchase Contract Date: 2022-11-21
Close Date: 2023-01-13
Close Price: 416900

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Bath-Owner Bath W/Whirlpool: Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Energy Features-Ceiling Fan(s): Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Side Entry Garage: Y, Fireplace Mantle: Y, Brick Fireplace: Y
Public Historical Remarks 3: Intermediate School: Other