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.

339 PHELPS Street, Jacksonville, FL 32206 (MLS# 2168588)

339 PHELPS Street, Jacksonville, FL 32206

$1,000

Property Type: Residential Lease Bedrooms: 2 Baths: 1 Square Footage: 682 Lot Size (sq. ft.): 3,049 Status: Closed

Current Price: $1,000 List Date: 10/09/2026 Last Modified: 11/03/2026

Overview

Description

Welcome to this beautifully renovated single-family home located at 682 Phelps St. The home has been thoughtfully modernized with recent interior upgrades, offering a fresh, turnkey living space that beautifully blends contemporary finishes with everyday comfort. Step outside to discover your own private yard, providing a secluded outdoor oasis perfect for relaxing in the Florida sunshine or hosting weekend gatherings. Its prime location offers unbeatable convenience. Situated just minutes from the vibrant heart of downtown Jacksonville, you will enjoy a quick, stress-free commute and immediate access to the city's premier dining, shopping, and entertainment hubs. This exceptional property delivers the perfect combination of privacy, modern style, and urban accessibility. Don't wait because at this price, it won't last!!

Listing Details MLS# 2168588

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 682
Living Area Source: Public Records
Year Built: 1969
Lot Size Acres: 0.07
Association YN: No
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Stories Total: Yes
Senior Community YN: No
Directions: From State St, go north on N Liberty St, take a right on E 1st St, take a right on Walnut St, take a right on Phelps St, house will on the right.
Public Remarks: Welcome to this beautifully renovated single-family home located at 682 Phelps St. The home has been thoughtfully modernized with recent interior upgrades, offering a fresh, turnkey living space that beautifully blends contemporary finishes with everyday comfort. Step outside to discover your own private yard, providing a secluded outdoor oasis perfect for relaxing in the Florida sunshine or hosting weekend gatherings. Its prime location offers unbeatable convenience. Situated just minutes from the vibrant heart of downtown Jacksonville, you will enjoy a quick, stress-free commute and immediate access to the city's premier dining, shopping, and entertainment hubs. This exceptional property delivers the perfect combination of privacy, modern style, and urban accessibility. Don't wait because at this price, it won't last!!
List Price/SqFt: 1.47
Sold Price/SqFt: 1.47

Property Features

Additional Lease Terms: 12 Months; Negotiable Appliances: Electric Oven; Refrigerator Laundry Features: In Unit; Washer Hookup Water Source: Public Parking Features: On Street Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Other Heating: Other Rent Includes: Trash Collection Tenant Pays: All Utilities

Contract Information

Rental Service: RentSpree
Rental Application URL: https://apply.link/5Z2rOWs
Property Sub Type: Single Family Residence
Listing Contract Date: 2026-10-09
Lease Term: 12 Months
Availability Date: 2026-10-09

Location Tax and Legal

Street Number: 339
Street Name: PHELPS
Street Suffix: Street
State: FL
County: Duval
Postal Code: 32206
MLS Area Major: 072-Springfield
Subdivision Name: Springfield

Status Change Information

Major Change Timestamp: 2026-11-03T17:32:08Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-27
Close Date: 2026-11-03
Close Price: 1000

Deposits and Fees

Security Deposit: 1000

More Information

Listing Office: TRADITIONS REALTY LLC

Last Updated: November - 03 - 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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