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.

2989 DOWNING Street 3, Jacksonville, FL 32205 (MLS# 2162410)

2989 DOWNING Street 3, Jacksonville, FL 32205

$1,150

Property Type: Residential Lease Bedrooms: 1 Baths: 1 Square Footage: 732 Lot Size (sq. ft.): 6,098 Status: Active

Current Price: $1,150 List Date: 8/28/2026 Last Modified: 11/02/2026

Overview

Description

Available now! 1 dog up to 25 lbs welcome ($250 non refundable pet deposit). Ready to fall in love with your next home? This adorable 1-bedroom, 1-bathroom Riverside rental brings big personality to 732 square feet of comfortable living space! Freshly painted and featuring brand-new carpet in the bedroom, this home is feeling fresh, clean, and ready for its next resident. And the upgrades don't stop there! The kitchen comes complete with brand-new appliances, including a stove, refrigerator, and microwave. You'll also enjoy the convenience of a brand-new stacking washer and dryer (as-is), making laundry day a whole lot easier. With a cozy layout and modern touches throughout, this home is the perfect place to settle in and make your own.

Supplements: Located in the popular Riverside area, you'll be close to an amazing mix of local restaurants, coffee shops, entertainment, parks, and all the character that makes this Jacksonville neighborhood so desirable. Whether you're looking for your first place, downsizing, or simply want a home with plenty of charm and convenience, this one is ready to imp ... (Read more)

Listing Details MLS# 2162410

General Property Information

Bedrooms Total: Yes
Bathrooms Full: Yes
Bathrooms Total: Yes
Unit Type: Other
Living Area: 732
Living Area Source: Public Records
Year Built: 1947
Lot Size Acres: 0.14
Association YN: No
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Stories: Yes
Stories Total: 2
Senior Community YN: No
Directions: I-10 to McDuff Ave, South on Mcduff to property on the left.
Public Remarks: Available now! 1 dog up to 25 lbs welcome ($250 non refundable pet deposit). Ready to fall in love with your next home? This adorable 1-bedroom, 1-bathroom Riverside rental brings big personality to 732 square feet of comfortable living space! Freshly painted and featuring brand-new carpet in the bedroom, this home is feeling fresh, clean, and ready for its next resident. And the upgrades don't stop there! The kitchen comes complete with brand-new appliances, including a stove, refrigerator, and microwave. You'll also enjoy the convenience of a brand-new stacking washer and dryer (as-is), making laundry day a whole lot easier. With a cozy layout and modern touches throughout, this home is the perfect place to settle in and make your own.
List Price/SqFt: 1.57

Property Features

Additional Lease Terms: 12 Months; Negotiable Levels: One Appliances: Electric Cooktop; Microwave; Refrigerator; Washer/Dryer Stacked Interior Features: Breakfast Bar; Ceiling Fan(s); Eat-in Kitchen; Pantry; Primary Bathroom - Tub with Shower Water Source: Public Parking Features: Other Sewer: Public Sewer Security Features: Smoke Detector(s) Utilities: Electricity Available; Sewer Available; Water Available Cooling: Central Air; Electric Heating: Central; Electric Rent Includes: None Tenant Pays: All Utilities Pets Allowed: Dogs OK; Size Limit; Number Limit

Contract Information

Property Sub Type: Condominium
Listing Contract Date: 2026-08-28
Lease Term: 12 Months
Availability Date: 2026-08-28

Location Tax and Legal

Street Number: 2989
Street Name: DOWNING
Street Suffix: Street
State: FL
County: Duval
Postal Code: 32205
MLS Area Major: 032-Avondale
Subdivision Name: Riverside

Status Change Information

Major Change Timestamp: 2026-10-26T19:43:14Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-26T19:43:14Z

Deposits and Fees

Additional Fee: 199
Application Fee: 75
Security Deposit: 1150

More Information

Pets Allowed

Maximum Weight Allowed: 25

Listing Office: GREEN RIVER PROPERTY MANAGEMENT

Last Updated: November - 02 - 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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