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.

2945 FORBES Street, Jacksonville, FL 32205 (MLS# 1195417)

2945 FORBES Street, Jacksonville, FL 32205

$440,000

Property Type: Residential Income Bedrooms: 4 Baths: 2 Square Footage: 1,848 Status: Closed

Current Price: $440,000 List Date: 10/24/2022 Last Modified: 10/23/2026

Overview

Description

AVONDALE! Handsome all brick duplex in Jacksonville's hottest, most walkable neighborhood. Hard to find townhouse style side by side units. Original solid hardwood floors, nice sized bedrooms, equipped kitchens and a stackable washer dryer for each unit. Two newer AC units and a brand new roof (June 2022)!! One unit is vacant and turnkey, easy to show, and perfect for owner occupant, air B-n-B, or standard rental. Large screened in porch out back plus a big bonus: 720 sq ft concrete block storage building! These duplexes move fast so don't delay! Sold AS IS with right to inspect.

Listing Details MLS# 1195417

General Property Information

Number Of Units Total: 2
Bedrooms Total: 4
Bathrooms Total: 2
Bathrooms Full: 2
Living Area: 1848
Living Area Source: Public Records
Year Built: 1943
Lot Size Dimensions: 50 x 155
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Stories: 2
Directions: From Park Street and Willowbranch, go West on Willowbranch to Forbes St. Turn left to duplex on right side .
Public Remarks: AVONDALE! Handsome all brick duplex in Jacksonville's hottest, most walkable neighborhood. Hard to find townhouse style side by side units. Original solid hardwood floors, nice sized bedrooms, equipped kitchens and a stackable washer dryer for each unit. Two newer AC units and a brand new roof (June 2022)!! One unit is vacant and turnkey, easy to show, and perfect for owner occupant, air B-n-B, or standard rental. Large screened in porch out back plus a big bonus: 720 sq ft concrete block storage building! These duplexes move fast so don't delay! Sold AS IS with right to inspect.
List Price/SqFt: 243.51
Sold Price/SqFt: 238.1

Property Features

Appliances: Dishwasher; Electric Range; Electric Water Heater Construction Materials: Brick Veneer; Frame Cooling: Central Air Flooring: Wood Heating: Central; Heat Pump Laundry Features: Electric Dryer Hookup; Washer Hookup Listing Terms: Cash; Conventional Parking Features: On Street; Other Pool Features: None Possession: Negotiable Road Surface Type: Asphalt Roof: Shingle Security Features: Smoke Detector(s) Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date: 2022-10-10
Property Sub Type: Duplex

Location Tax and Legal

Street Number: 2945
Street Name: FORBES
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
Subdivision Name: Avondale
MLS Area Major: 032-Avondale

Status Change Information

Major Change Timestamp: 2023-02-06T18:57:07Z
Major Change Type: Status Change
Purchase Contract Date: 2023-01-17
Close Date: 2023-02-06
Close Price: 440000

Historical Information

Public Historical Remarks 1: Possible Financing-1031 Exchange: Y, Number of Buildings: 2 Buildings, Present Rental Terms: Month to Month, Two Bedroom Rentals: $1001 to $1500/Month
Public Historical Remarks 2: # 2 Bedroom Units: 2, Ceiling 8 + Feet: Y, Lot Location-Urban/City: Y, Present Tenant Exp: All Electric
Public Historical Remarks 3: Current Zoning: RMD-B, Occupant Type: Vacant -Lockbox, Tenant Occupied

More Information

Documents

Survey ›

Lead Based Paint ›

INI Realty Addendum ›

Sellers Disclosure ›

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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