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.

311 W ASHLEY Street 1602, Jacksonville, FL 32202 (MLS# 2150886)

311 W ASHLEY Street 1602, Jacksonville, FL 32202

New Listing

$119,900

Property Type: Residential Bedrooms: 1 Baths: 2 Square Footage: 573 Status: Active

Current Price: $119,900 List Date: 11/04/2026 Last Modified: 11/04/2026

Overview

Description

Beautifully Remodeled 1 Bed/1 Bath Condo in the Heart of Downtown Jacksonville! Discover urban living at its finest in this stunning 1-bedroom, 1-bath condo located on the 16th floor of a 17-story building. This unit has been completely remodeled, offering modern finishes and a spa-like bathroom. Enjoy breathtaking views of the city and river, making every moment at home a delight. Key Features: - Completely Remodeled: Most everything is new, providing a fresh and contemporary feel. - Washer/Dryer Hookup: One of the few units in the building with this convenient feature. - Electric Fireplace: Cozy up in style with a new electric fireplace. - Prime Location: Situated in the center of Jacksonville's Gateway Jax redevelopment corridor, surrounded by new construction and urban amenities. One block from Publix under construction Offered at $137,900, this condo is a rare find in a vibrant, growing community. Don't miss your chance to own a piece of downtown Jacksonville!

Listing Details MLS# 2150886

General Property Information

Bedrooms Total: Yes
Bathrooms Full: Yes
Bathrooms Half: Yes
Bathrooms Total: 2
Living Area: 573
Living Area Source: Owner
Year Built: 1949
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: Yes
Association Fee: 544
Association Fee Frequency: Monthly
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Stories Total: 17
Senior Community YN: No
Directions: From I-95, Exit 353B toward W Union St, continue straight on W Union St, turn right on N Laura St, then turn right on W Ashley S
Public Remarks: Beautifully Remodeled 1 Bed/1 Bath Condo in the Heart of Downtown Jacksonville! Discover urban living at its finest in this stunning 1-bedroom, 1-bath condo located on the 16th floor of a 17-story building. This unit has been completely remodeled, offering modern finishes and a spa-like bathroom. Enjoy breathtaking views of the city and river, making every moment at home a delight. Key Features: - Completely Remodeled: Most everything is new, providing a fresh and contemporary feel. - Washer/Dryer Hookup: One of the few units in the building with this convenient feature. - Electric Fireplace: Cozy up in style with a new electric fireplace. - Prime Location: Situated in the center of Jacksonville's Gateway Jax redevelopment corridor, surrounded by new construction and urban amenities. One block from Publix under construction Offered at $137,900, this condo is a rare find in a vibrant, growing community. Don't miss your chance to own a piece of downtown Jacksonville!
List Price/SqFt: 209.25

Property Features

Appliances: Dishwasher; Dryer; Electric Water Heater; Refrigerator; Washer Utilities: Cable Available; Electricity Connected Cooling: Central Air Heating: Central Water Source: Public Parking Features: On Street Current Use: Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Room Types: Kitchen; Living Room; Primary Bathroom

Contract Information

Property Sub Type: Condominium
Property Attached YN: No
Listing Contract Date: 2026-06-12
Unit Type: Other

Location Tax and Legal

Street Number: 311
Street Direction Prefix: W
Street Name: ASHLEY
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32202
MLS Area Major: 073-Downtown Jacksonville-Northbank
Subdivision Name: Residences At City Place

Status Change Information

Major Change Timestamp: 2026-11-04T01:13:06Z
Major Change Type: Back on Market
Price Change Timestamp: 2026-07-13T16:39:38Z

DPR Eligible

DPR Eligible: Yes

More Information

Room Types

Kitchen Level: First
Living Room Level: First
Primary Bathroom Level: First

Room Information

Room Name	Level	Remarks
Primary Bathroom	First	ceramic title
Kitchen	First	ceramic title
Living Room	First	ceramic title

Listing Office: LOWEST FEE REALTY LLC

Last Updated: November - 04 - 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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