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.

3421 WAVERLY DOCK Road, Jacksonville, FL 32223 (MLS# 2159605)

3421 WAVERLY DOCK Road, Jacksonville, FL 32223

$314,900

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,527 Lot Size (sq. ft.): 4,792 Status: Active Under Contract

Current Price: $314,900 List Date: 8/11/2026 Last Modified: 10/22/2026

Overview

Description

This 3-bedroom, 2-bath home is located in the established Lake Mandarin community. The home features an open floor plan connecting the kitchen, living, and dining areas, along with a private back patio and a 2-car garage for additional parking and storage. Conveniently located near shopping, dining, major roadways, and everyday services. The roof was replaced in 2025. Schedule a showing to see what this Lake Mandarin home has to offer.

Listing Details MLS# 2159605

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1527
Living Area Source: Assessor
Year Built: 1978
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.11
Association YN: Yes
Association Fee: 285
Association Fee Frequency: Annually
Association Name: Lake Mandarin HOA
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
Entry Level: Yes
Senior Community YN: No
Directions: San Jose and Claire - Southbound turn left and the left on lake mandarin circle. Left onto Waverly Dock Rd.
Public Remarks: This 3-bedroom, 2-bath home is located in the established Lake Mandarin community. The home features an open floor plan connecting the kitchen, living, and dining areas, along with a private back patio and a 2-car garage for additional parking and storage. Conveniently located near shopping, dining, major roadways, and everyday services. The roof was replaced in 2025. Schedule a showing to see what this Lake Mandarin home has to offer.
List Price/SqFt: 206.22

Property Features

Architectural Style: Patio Home Levels: One Appliances: Dishwasher; Dryer; Electric Oven; Microwave; Refrigerator; Washer Flooring: Carpet; Tile Utilities: Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Parking Features: Garage Current Use: Residential Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Inspection

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-08-11

Location Tax and Legal

Street Number: 3421
Street Name: WAVERLY DOCK
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32223
MLS Area Major: 014-Mandarin
Subdivision Name: Lake Mandarin

Status Change Information

Major Change Timestamp: 2026-10-17T12:38:38Z
Major Change Type: Status Change
Price Change Timestamp: 2026-09-22T20:14:13Z
Contingency: Active Under Contract
Contingent Date: 2026-10-22

DPR Eligible

DPR Eligible: Yes

More Information

Documents

Seller's Disclosure ›

Survey ›

HOA Disclosure ›

Listing Office: 904 REALTY LLC

Last Updated: October - 22 - 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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