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.

3048 LORMAN Drive, Jacksonville, FL 32223 (MLS# 2167636)

3048 LORMAN Drive, Jacksonville, FL 32223

$345,000

Virtual Tour

https://view.spiro.media/order/fbc37d65-f9e5-44fa-9ee1-e8d28acc36da?version=249_196&branding=false

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,248 Lot Size (sq. ft.): 9,583 Status: Active

Current Price: $345,000 List Date: 10/02/2026 Last Modified: 10/27/2026

Overview

Description

Welcome to this charming 4-bed, 2-bath home in Jacksonville's desirable Mandarin area. With approx 1,248 of living space, a must see offering comfortable living and plenty of outdoor potential. The functional floor plan provides an inviting living area, separate dining and spacious kitchen ready for everyday enjoyment! This home offers a blend of classic charm and modern updates: wood/laminate flooring, granite counter tops, stainless steel appliances, two electric fireplaces updated front windows and newer AC. Fall in love with a stunning retreat and barn style man cave and bar leading to a covered porch with a spa which sets the mood for tranquility and relaxation. The generous yard offers room for outdoor enjoyment, recreation, or future improvements. Conveniently located near shopping, dining, schools, and major roadways, this property combines an established neighborhood setting with convenient access to everything Mandarin and surroundings offer.

Supplements: If you're a first-time buyer, downsizing, or seeking an investment opportunity, this home is ready for its next chapter. Come see the many possibilities!

Listing Details MLS# 2167636

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1248
Living Area Source: Public Records
Year Built: 1960
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.22
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
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
Directions: From San Jose Blvd South, take a left on Ricky Dr, Right onto Anamoree Ln, and end on Lorman Dr.
Public Remarks: Welcome to this charming 4-bed, 2-bath home in Jacksonville's desirable Mandarin area. With approx 1,248 of living space, a must see offering comfortable living and plenty of outdoor potential. The functional floor plan provides an inviting living area, separate dining and spacious kitchen ready for everyday enjoyment! This home offers a blend of classic charm and modern updates: wood/laminate flooring, granite counter tops, stainless steel appliances, two electric fireplaces updated front windows and newer AC. Fall in love with a stunning retreat and barn style man cave and bar leading to a covered porch with a spa which sets the mood for tranquility and relaxation. The generous yard offers room for outdoor enjoyment, recreation, or future improvements. Conveniently located near shopping, dining, schools, and major roadways, this property combines an established neighborhood setting with convenient access to everything Mandarin and surroundings offer.
List Price/SqFt: 276.44

Property Features

Architectural Style: Ranch Levels: One Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Fireplace Features: Electric Interior Features: Ceiling Fan(s); Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms Flooring: Carpet; Laminate; Tile; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Block; Vinyl Siding; Wood Siding Patio And Porch Features: Covered; Rear Porch Spa Features: Above Ground Roof: Membrane Parking Features: Attached Fencing: Fenced; Vinyl; Wood Current Use: Residential; Single Family Road Frontage Type: City Street Road Surface Type: Asphalt 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: 2026-10-01

Location Tax and Legal

Street Number: 3048
Street Name: LORMAN
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32223
MLS Area Major: 014-Mandarin
Subdivision Name: Mandarin Terrace

Status Change Information

Major Change Timestamp: 2026-10-02T21:00:56Z
Major Change Type: New Listing

Fireplace Features

Fireplaces Total: 2

More Information

DPR Eligible

DPR Eligible: Yes

Listing Office: MOMENTUM REALTY

Last Updated: October - 27 - 2026

Information deemed reliable but not guaranteed.