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.

3118 LAKESIDE VILLA Road, Orange Park, FL 32073 (MLS# 2131922)

3118 LAKESIDE VILLA Road, Orange Park, FL 32073

$185,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,574 Lot Size (sq. ft.): 13,068 Status: Closed

Current Price: $185,000 List Date: 2/25/2026 Last Modified: 2/25/2026

Overview

Description

This is being entered as a comp sale.

Listing Details MLS# 2131922

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1574
Living Area Source: Assessor
Year Built: 1987
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.3
Association YN: No
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
Stories: Yes
Senior Community YN: No
Directions: From 295 to south on US Hwy 17. Right onto Kinglsey Ave., left on Doctors Lake Dr, and then Right onto Lakeside Villa Dr
Public Remarks: This is being entered as a comp sale.
List Price/SqFt: 117.53
Sold Price/SqFt: 117.53

Property Features

Architectural Style: Traditional Appliances: Dishwasher; Electric Range; Electric Water Heater; Refrigerator Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Parking Features: Attached; Garage Current Use: Residential; Single Family Possession: Negotiable Listing Terms: Cash Showing Requirements: Other

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-02-05

Location Tax and Legal

Street Number: 3118
Street Name: LAKESIDE VILLA
Street Suffix: Road
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 136-Lakeside Estates
Subdivision Name: Lakeside Estates

Status Change Information

Major Change Timestamp: 2026-02-25T21:10:41Z
Major Change Type: Status Change
Purchase Contract Date: 2026-02-06
Close Date: 2026-02-24
Close Price: 185000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Listing Office: COLDWELL BANKER VANGUARD REALTY

Last Updated: February - 25 - 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.