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.

307 KETTERING Terrace, Orange Park, FL 32073 (MLS# 2121354)

307 KETTERING Terrace, Orange Park, FL 32073

$1,150

Property Type: Residential Lease Bedrooms: 2 Baths: 2 Square Footage: 1,040 Lot Size (sq. ft.): 436 Status: Closed

Current Price: $1,150 List Date: 12/12/2025 Last Modified: 3/01/2026

Overview

Description

Nice 2 bedroom 1.5 bath condo located near shopping, restaurants, schools and hospital. Rent includes pool access, water and garbage pick up! Rent includes washer and dryer!

Listing Details MLS# 2121354

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Half: Yes
Bathrooms Total: 2
Unit Type: Interior Unit
Living Area: 1040
Living Area Source: Public Records
Year Built: 1975
Lot Size Acres: 0.01
Association YN: Yes
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Stories Total: 2
Senior Community YN: No
Directions: From I-295 go South On Blanding Blvd past Kingsley Ave. Take the next left after Constitution Dr/Belmont Blvd and home will be on left.
Public Remarks: Nice 2 bedroom 1.5 bath condo located near shopping, restaurants, schools and hospital. Rent includes pool access, water and garbage pick up! Rent includes washer and dryer!
List Price/SqFt: 1.11
Sold Price/SqFt: 1.11

Property Features

Additional Lease Terms: 12 Months Owner Pays: Association Fees; Common Area Maintenance; Exterior Maintenance; Grounds Care; Other Tax; Pool Maintenance; Repairs; Roof Maintenance; Taxes; Trash Collection; Water Architectural Style: Traditional Levels: Two Appliances: Dishwasher; Disposal; Dryer; Electric Oven; Electric Range; Electric Water Heater; Refrigerator; Washer Interior Features: Ceiling Fan(s); Primary Bathroom - Tub with Shower Laundry Features: Electric Dryer Hookup; In Unit; Lower Level; Washer Hookup Patio And Porch Features: Patio Association Amenities: Community Pool Association Fee Includes: Maintenance Grounds; Maintenance Structure; Sewer; Trash; Water Water Source: Public Parking Features: Assigned Sewer: Public Sewer Utilities: Cable Available; Electricity Available; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Road Surface Type: Asphalt Road Frontage Type: City Street Rent Includes: Sewer; Trash Collection; Water Tenant Pays: All Utilities Pets Allowed: No

Contract Information

Rental Application URL: www.lanternrealty.net
Property Sub Type: Condominium
Listing Contract Date: 2025-12-12
Lease Term: 12 Months
Availability Date: 2025-12-12

Location Tax and Legal

Street Number: 307
Street Name: KETTERING
Street Suffix: Terrace
State: FL
County: Clay
Postal Code: 32073
MLS Area Major: 135-Park West/Montclair
Subdivision Name: Brighton

Status Change Information

Major Change Timestamp: 2026-03-01T21:27:29Z
Major Change Type: Status Change
Price Change Timestamp: 2026-01-31T22:28:39Z
Purchase Contract Date: 2026-02-19
Close Date: 2026-03-01
Close Price: 1150

Deposits and Fees

Application Fee: 65
Security Deposit: 1150

More Information

Documents

Rental Requirements ›

Listing Office: LANTERN REALTY, LLC.

Last Updated: March - 01 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

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.