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.

2995 FARMALL Drive, Jacksonville, FL 32226 (MLS# 2169834)

2995 FARMALL Drive, Jacksonville, FL 32226

$385,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,075 Lot Size (sq. ft.): 11,761 Status: Active Under Contract

Current Price: $385,000 List Date: 10/19/2026 Last Modified: 10/22/2026

Overview

Description

Multiple Offers. Highest and Best today, Oct 21st at 6pm. Beautiful 5-year-old Richmond American Home. Four Bedrooms with 3 Full Baths in Scarlett Oaks. Better than New. Perfect for entertaining with a large fenced in backyard.

Listing Details MLS# 2169834

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2075
Living Area Source: Public Records
Year Built: 2021
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.27
Association YN: Yes
Association Fee: 280
Association Fee Frequency: Quarterly
Association Name: Duval Realty Inc Lic Community Association
Association Phone: 904-367-1818
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Direction Faces: South
Directions: I 295 N to Alta Dr North, Left on Farmall Dr. House is straight ahead on the right side.
Public Remarks: Multiple Offers. Highest and Best today, Oct 21st at 6pm. Beautiful 5-year-old Richmond American Home. Four Bedrooms with 3 Full Baths in Scarlett Oaks. Better than New. Perfect for entertaining with a large fenced in backyard.
List Price/SqFt: 185.54

Property Features

Architectural Style: Ranch Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Disposal; Gas Range; Microwave; Refrigerator; Tankless Water Heater Interior Features: Ceiling Fan(s); Entrance Foyer; Guest Suite; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Luxury Vinyl Laundry Features: Gas Dryer Hookup; Washer Hookup Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Vinyl Siding Patio And Porch Features: Patio; Screened Roof: Shingle Parking Features: Additional Parking; Garage Door Opener Lot Features: Cleared; Cul-De-Sac; Sprinklers In Front; Sprinklers In Rear Fencing: Back Yard; Fenced; Full; Vinyl Current Use: Residential; Single Family Association Amenities: Dog Park Community Features: Curbs; Street Lights Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Financing; Inspection

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-19

Location Tax and Legal

Street Number: 2995
Street Name: FARMALL
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32226
MLS Area Major: 092-Oceanway/Pecan Park
Subdivision Name: Seasons at Scarlett Oaks

Status Change Information

Major Change Timestamp: 2026-10-22T18:09:03Z
Major Change Type: Status Change
Contingency: Active Under Contract
Contingent Date: 2026-10-21

DPR Eligible

DPR Eligible: Yes

More Information

Documents

Flood Disclosure ›

Comprehensive Rider to Residential Contr ›

Seller's Disclosure ›

Listing Office: WATSON REALTY CORP

Last Updated: October - 22 - 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.