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.

304 CAPELLA Road, Orange Park, FL 32073 (MLS# 1067133)

304 CAPELLA Road, Orange Park, FL 32073

$167,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,403 Status: Closed

Current Price: $167,000 List Date: 8/25/2020 Last Modified: 3/03/2026

Overview

Description

Unfortunately Buyers financing fell through Come see this 3 bedroom/2 bath home that offers a large bonus room and No HOA or CDD Fees. New Roof in 2017. There is carpet only in the bedrooms and beautiful tile throughout for easy maintenance. All appliances stay with the updated kitchen. The Masterbedroom has attached Master bath and a large walk in closet. The laundry is located inside the home and there is a 1 car garage and an additional parking area. Enjoy the fully fenced in yard. Convenient to NAS JAX, Orange Park Mall and Interstate 295. Make this your new home this Summer!

Listing Details MLS# 1067133

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1403
Living Area Source: Public Records
Year Built: 1967
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: From Blanding Blvd. turn onto Arora Blvd. Drive approx. 3/4 mile on Arora Blvd. and take a right onto Capella Road. The home is on the right.
Public Remarks: Unfortunately Buyers financing fell through Come see this 3 bedroom/2 bath home that offers a large bonus room and No HOA or CDD Fees. New Roof in 2017. There is carpet only in the bedrooms and beautiful tile throughout for easy maintenance. All appliances stay with the updated kitchen. The Masterbedroom has attached Master bath and a large walk in closet. The laundry is located inside the home and there is a 1 car garage and an additional parking area. Enjoy the fully fenced in yard. Convenient to NAS JAX, Orange Park Mall and Interstate 295. Make this your new home this Summer!
List Price/SqFt: 121.1
Sold Price/SqFt: 119.03

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Ranch Appliances: Dishwasher; Disposal; Electric Range; Ice Maker; Microwave; Refrigerator Interior Features: Eat-in Kitchen; Pantry; Primary Bathroom - Tub with Shower; Primary Downstairs; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Brick; Concrete Pool Features: None Roof: Shingle Parking Features: Attached; Garage Fencing: Back Yard Current Use: Residential; Single Family Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2020-08-07

Location Tax and Legal

Street Number: 304
Street Name: CAPELLA
Street Suffix: Road
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 131-Meadowbrook/Loch Rane
Subdivision Name: Meadowbrook

Status Change Information

Major Change Timestamp: 2020-10-22T21:46:50Z
Major Change Type: Status Change
Purchase Contract Date: 2020-08-30
Close Date: 2020-10-22
Close Price: 167000

Historical Information

Public Historical Remarks 1: Interior Amenities-Window Treatment(s): Y, Self Cleaning Oven: Y
Public Historical Remarks 2: Structure Slab: Y

More Information

Room Information

Room Name
Living Room
Utility Room

Documents

Multiple Offer Notice ›

Survey ›

Sellers Property Disclosure ›

Listing Office: BETTER HOMES & GARDENS REAL ESTATE LIFESTYLES REALTY

Last Updated: March - 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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