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.

3329 PENNY COVE Lane, Jacksonville, FL 32218 (MLS# 2172196)

3329 PENNY COVE Lane, Jacksonville, FL 32218

New Listing

$235,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,721 Lot Size (sq. ft.): 3,920 Status: Active

Current Price: $235,000 List Date: 11/04/2026 Last Modified: 11/04/2026

Overview

Description

Your next home could be closer than you think! This beautifully maintained 2024 townhome features 3 bedrooms, 2.5 bathrooms, 1,721 square feet, and a 1-car garage. Enjoy a modern kitchen with white cabinetry, granite countertops, a spacious island, and stainless steel appliances, with all appliances included. Conveniently located near I-95, I-295, Walmart, ALDI, River City Marketplace, UF Health North, and Jacksonville International Airport. Skip the wait for new construction and schedule your private showing today to experience everything this home has to offer!

Listing Details MLS# 2172196

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1721
Living Area Source: Public Records
Year Built: 2024
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.09
Association YN: Yes
Association Fee: 150
Association Fee Frequency: Monthly
Association Name: Trout River Home Owners Association
Association Phone: 90
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
Stories: 2
Senior Community YN: No
Directions: I-295 to Dunn Ave, turn R onto N Campus Blvd, L onto Capper Rd, R onto Penny Cove Dr then L onto Penny Cove Ln.
Public Remarks: Your next home could be closer than you think! This beautifully maintained 2024 townhome features 3 bedrooms, 2.5 bathrooms, 1,721 square feet, and a 1-car garage. Enjoy a modern kitchen with white cabinetry, granite countertops, a spacious island, and stainless steel appliances, with all appliances included. Conveniently located near I-95, I-295, Walmart, ALDI, River City Marketplace, UF Health North, and Jacksonville International Airport. Skip the wait for new construction and schedule your private showing today to experience everything this home has to offer!
List Price/SqFt: 136.55

Property Features

Architectural Style: Contemporary Levels: Two Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Refrigerator; Washer Interior Features: Kitchen Island; Pantry; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Stucco Roof: Shingle Parking Features: Parking Lot Current Use: Residential Possession: Close Of Escrow Listing Terms: Assumable; Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Townhouse
Property Attached YN: No
Listing Contract Date: 2026-11-03

Location Tax and Legal

Street Number: 3329
Street Name: PENNY COVE
Street Suffix: Lane
County: Duval
State: FL
Postal Code: 32218
MLS Area Major: 091-Garden City/Airport
Subdivision Name: Trout River Station

Status Change Information

Major Change Timestamp: 2026-11-04T04:30:16Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: MOMENTUM REALTY

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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