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.

2965 SUNSET Street, Jacksonville, FL 32254 (MLS# 2166778)

2965 SUNSET Street, Jacksonville, FL 32254

$174,500

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,056 Lot Size (sq. ft.): 6,970 Status: Active

Current Price: $174,500 List Date: 9/28/2026 Last Modified: 11/03/2026

Overview

Description

Looking for affordable? Look no further! This warm and inviting brick charmer is just waiting for you to call it home. The luxury vinyl plank flooring and modern paint color provide a refreshing feel from the moment you step inside. Three generously sized bedrooms, living room, and dining room give you plenty of space to spread out. The laundry / mud room area off the kitchen provides convenience and additional storage space you will love. With a large, fenced back yard, the possibilities are endless for outdoor entertainment and play time. Opportunities like this don't come along often at this price! Request a private showing today and ask about potential financing incentives for teachers, medical professionals, law enforcement, first responders, military, and first-time homebuyers.

Supplements: Please see documents section for survey, disclosures, and offer instructions. Easy to show - schedule through ShowingTime.

Listing Details MLS# 2166778

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Half: Yes
Bathrooms Total: 2
Living Area: 1056
Living Area Source: Public Records
Year Built: 1971
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.16
Lot Size Dimensions: 70' x 100'
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: Yes
Carport Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Directions: From Commonwealth Avenue, turn onto Detroit Street. Turn right on Sunset Street. Home is on the left.
Public Remarks: Looking for affordable? Look no further! This warm and inviting brick charmer is just waiting for you to call it home. The luxury vinyl plank flooring and modern paint color provide a refreshing feel from the moment you step inside. Three generously sized bedrooms, living room, and dining room give you plenty of space to spread out. The laundry / mud room area off the kitchen provides convenience and additional storage space you will love. With a large, fenced back yard, the possibilities are endless for outdoor entertainment and play time. Opportunities like this don't come along often at this price! Request a private showing today and ask about potential financing incentives for teachers, medical professionals, law enforcement, first responders, military, and first-time homebuyers.
List Price/SqFt: 165.25

Property Features

Architectural Style: Ranch Levels: One Rental Restrictions: No Minimum Appliances: Dishwasher; Electric Range; Refrigerator Interior Features: Primary Downstairs Flooring: Luxury Vinyl; Tile Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup Utilities: Electricity Available; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Brick Roof: Shingle Parking Features: Attached Carport Fencing: Back Yard; Chain Link; Wood Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-09-25

Location Tax and Legal

Street Number: 2965
Street Name: SUNSET
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32254
MLS Area Major: 074-Paxon
Subdivision Name: Caldwell Terrace

Status Change Information

Major Change Timestamp: 2026-11-03T19:34:57Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-11-03T19:34:57Z

DPR Eligible

DPR Eligible: Yes

More Information

Documents

Offer Instructions ›

Seller's Property Disclosure ›

Flood Disclosure ›

Lead Based Paint Disclosure ›

Listing Office: MASH REALTY SERVICES, LLC

Last Updated: November - 03 - 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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