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.

3401 TOWNSEND Boulevard 209, Jacksonville, FL 32277 (MLS# 2165854)

3401 TOWNSEND Boulevard 209, Jacksonville, FL 32277

$1,695

Property Type: Residential Lease Bedrooms: 3 Baths: 2 Square Footage: 1,525 Lot Size (sq. ft.): 1,307 Status: Closed

Current Price: $1,695 List Date: 9/21/2026 Last Modified: 10/28/2026

Overview

Description

This well-appointed first-floor condo offers 3 spacious bedrooms and 2 full bathrooms. The thoughtfully designed floor plan features a generous kitchen equipped with stainless steel appliances, a separate dining area, and an open-concept living room that's perfect for everyday living and entertaining. A newer air conditioning system adds year-round comfort and energy efficiency. Conveniently located near shopping and restaurants. An additional $100/month for Water & Sewer.

Listing Details MLS# 2165854

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Unit Type: Other
Living Area: 1525
Living Area Source: Public Records
Year Built: 1974
Lot Size Acres: 0.03
Association YN: No
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Stories: Yes
Stories Total: 3
Entry Level: Yes
Senior Community YN: No
Directions: From I295, go West on Merrill Rd., Right onto Townsend Blvd., Right into Captiva Condominium.
Public Remarks: This well-appointed first-floor condo offers 3 spacious bedrooms and 2 full bathrooms. The thoughtfully designed floor plan features a generous kitchen equipped with stainless steel appliances, a separate dining area, and an open-concept living room that's perfect for everyday living and entertaining. A newer air conditioning system adds year-round comfort and energy efficiency. Conveniently located near shopping and restaurants. An additional $100/month for Water & Sewer.
List Price/SqFt: 1.05
Sold Price/SqFt: 1.11

Property Features

Additional Lease Terms: 12 Months Owner Pays: Association Fees; Taxes; Trash Collection Appliances: Dryer; Electric Range; Microwave; Refrigerator; Washer Association Amenities: Community Pool; Trash; Water Association Fee Includes: Sewer; Water Water Source: Public Parking Features: Assigned Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Additional Fee Includes: Lease Prep Rent Includes: Sewer; Water Tenant Pays: Other

Contract Information

Rental Service: Other
Property Sub Type: Condominium
Listing Contract Date: 2026-09-21
Lease Term: 12 Months
Availability Date: 2026-09-21

Location Tax and Legal

Street Number: 3401
Street Name: TOWNSEND
Street Suffix: Boulevard
State: FL
County: Duval
Postal Code: 32277
MLS Area Major: 041-Arlington
Subdivision Name: Captiva

Status Change Information

Major Change Timestamp: 2026-10-28T04:17:20Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-06
Close Date: 2026-10-24
Close Price: 1695

Deposits and Fees

Application Fee: 75
Security Deposit: 1600

More Information

Listing Office: FLORIDA HOMES REALTY & MORTGAGE PROPERTY MANAGEMENT

Last Updated: October - 28 - 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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