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.

2877 GATLING Boulevard, Orange Park, FL 32065 (MLS# 2152799)

2877 GATLING Boulevard, Orange Park, FL 32065

$258,500

Spacious living area featuring a vaulted ceiling and distinctive stone wood-burning fireplace.

Fenced backyard on a 0.30-acre lakefront lot with room to create your own outdoor retreat.

Functional kitchen ready for a buyer’s personal updates and finishing touches.

Comfortable primary bedroom with convenient access to the updated primary bath.

Updated primary bathroom featuring a floor-to-ceiling tiled walk-in shower.

Secondary bedroom offering flexible space for family, guests or a home office.

One of five bedrooms providing plenty of flexibility for today’s living needs.

Flexible bedroom space that can also serve as a home office, study or hobby room.

Dedicated indoor laundry room with convenient storage and workspace potential.

Property Type: Residential Bedrooms: 5 Baths: 2 Square Footage: 1,976 Lot Size (sq. ft.): 13,068 Status: Pending

Current Price: $258,500 List Date: 8/01/2026 Last Modified: 10/20/2026

Overview

Description

**APPROVED SHORT SALE — $258,500!** Opportunity to purchase a 5BR/2BA home with 1,976 sq. ft. on a fenced 0.30-acre lakefront lot in Orange Park. Short-sale approval is already in place, removing a major unknown typically associated with short-sale purchases. Big-ticket improvements include a brand-new roof completed May 2026, fresh flooring and central A/C. Inside you'll find a vaulted ceiling, stone wood-burning fireplace and updated primary bath. The flexible 5-bedroom layout provides room for family, guests or a home office. Enjoy the fenced backyard overlooking the lake, with space for outdoor living and potential pool possibilities. No HOA and no CDD. The home needs additional updating and is being sold strictly AS IS, creating an opportunity for a buyer who wants to add finishing touches while purchasing substantial space at an attractive price. **Short sale approved. Bring your pre-approval or proof of funds and schedule a showing.**

Listing Details MLS# 2152799

General Property Information

Bedrooms Total: 5
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1976
Living Area Source: Assessor
Year Built: 1982
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.3
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: Yes
Senior Community YN: No
Directions: From I-295, take Exit 12 for FL-21 S / Blanding Blvd. Follow Blanding Blvd south for approximately 4 miles. Turn left onto Jefferson Ave, then make an immediate right onto Gifford Ave. Turn left onto Gatling Blvd. The property will be located on your left. Welcome home to 2877 Gatling Blvd!
Public Remarks: **APPROVED SHORT SALE — $258,500!** Opportunity to purchase a 5BR/2BA home with 1,976 sq. ft. on a fenced 0.30-acre lakefront lot in Orange Park. Short-sale approval is already in place, removing a major unknown typically associated with short-sale purchases. Big-ticket improvements include a brand-new roof completed May 2026, fresh flooring and central A/C. Inside you'll find a vaulted ceiling, stone wood-burning fireplace and updated primary bath. The flexible 5-bedroom layout provides room for family, guests or a home office. Enjoy the fenced backyard overlooking the lake, with space for outdoor living and potential pool possibilities. No HOA and no CDD. The home needs additional updating and is being sold strictly AS IS, creating an opportunity for a buyer who wants to add finishing touches while purchasing substantial space at an attractive price. **Short sale approved. Bring your pre-approval or proof of funds and schedule a showing.**
List Price/SqFt: 130.82

Property Features

Architectural Style: Ranch Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Electric Oven; Electric Range; Refrigerator Fireplace Features: Wood Burning Interior Features: Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Primary Bathroom - Shower No Tub; Vaulted Ceiling(s) Flooring: Carpet; Laminate Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Electric: 220 Volts Water Source: Public Sewer: Public Sewer Construction Materials: Concrete; Frame; Vinyl Siding Roof: Shingle Parking Features: Garage View: Lake Waterfront Features: Lake Front Fencing: Back Yard; Chain Link; Wood Current Use: Residential; Single Family Community Features: Street Lights Road Surface Type: Paved Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Room Types: Family Room; Kitchen; Primary Bathroom; Primary Bedroom

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-06-28

Location Tax and Legal

Street Number: 2877
Street Name: GATLING
Street Suffix: Boulevard
County: Clay
State: FL
Postal Code: 32065
MLS Area Major: 138-Tanglewood
Subdivision Name: Tanglewood Village

Status Change Information

Major Change Timestamp: 2026-10-20T19:27:37Z
Major Change Type: Status Change
Price Change Timestamp: 2026-09-18T15:16:15Z
Purchase Contract Date: 2026-10-19

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Room Types

Family Room Level: Main
Kitchen Level: Main
Primary Bathroom Level: Main
Primary Bedroom Level: Main

Room Information

Room Name	Level
Primary Bathroom	Main
Primary Bedroom	Main
Family Room	Main
Kitchen	Main

Listing Office: DALTON WADE INC

Last Updated: October - 20 - 2026

Information deemed reliable but not guaranteed.