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.

2906 ABACO Lane, Jacksonville Beach, FL 32250 (MLS# 1107053)

2906 ABACO Lane, Jacksonville Beach, FL 32250

$950,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,843 Status: Closed

Current Price: $950,000 List Date: 4/28/2021 Last Modified: 2/08/2025

Overview

Listing Details MLS# 1107053

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2843
Living Area Source: Public Records
Year Built: 2005
Association YN: Yes
Association Fee: 280
Association Fee Frequency: Monthly
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: Exit Butler Blvd onto A1A going North. Take a right at 25th Avenue South, a right onto 2nd Street, and then onto Madrid. Neighborhood is on the right.
List Price/SqFt: 334.15
Sold Price/SqFt: 334.15

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Dryer; Gas Cooktop; Gas Range; Gas Water Heater; Microwave; Refrigerator; Washer Fireplace Features: Gas Flooring: Tile Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Security System Owned; Smoke Detector(s) Pool Features: In Ground; Heated; Other; Salt Water Roof: Metal Fencing: Fenced; Full Current Use: Residential Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2021-04-28

Location Tax and Legal

Street Number: 2906
Street Name: ABACO
Street Suffix: Lane
County: Duval
State: FL
Postal Code: 32250
MLS Area Major: 212-Jacksonville Beach-SE
Subdivision Name: South Beach Village

Status Change Information

Major Change Timestamp: 2021-05-18T12:50:51Z
Major Change Type: Status Change
Purchase Contract Date: 2021-04-28
Close Date: 2021-05-17
Close Price: 950000

Historical Information

Public Historical Remarks 1: Interior Amenities-Tinted Window(s): Y, Interior aMENITIES-Prewired Audio: Y

More Information

Listing Office: COMPASS FLORIDA, LLC.

Last Updated: February - 08 - 2025

Information deemed reliable but not guaranteed.

Search powered by FBS Products

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.