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.

3527 SHELDON Road, Orange Park, FL 32073 (MLS# 2061688)

3527 SHELDON Road, Orange Park, FL 32073

$248,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 3,184 Lot Size (sq. ft.): 12,632 Status: Closed

Current Price: $248,000 List Date: 2/07/2025 Last Modified: 12/22/2025

Overview

Description

Property is under H&B with a current due date of 2/13/2025 11:59:00PM Mountain Time. Any offers received after this time may not be considered. This property is being sold strictly in AS-IS condition. The home features 4 bedrooms 3 full baths, Large family room with wood burning fireplace and Interior laundry room. . It also features an attached rear glass enclosed patio and in ground pool. After renovation this home could be someone's forever home or a great investment property.

Listing Details MLS# 2061688

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2370
Living Area Source: Public Records
Building Area Total: 3184
Year Built: 1978
Lot Size Acres: 0.29
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: From Blanding Blvd. turn on College Drive then Turn left onto Peoria Rd. Turn left onto Doctors Lake Dr. Turn right onto Sheldon Rd. Home will be on your left.
Public Remarks: Property is under H&B with a current due date of 2/13/2025 11:59:00PM Mountain Time. Any offers received after this time may not be considered. This property is being sold strictly in AS-IS condition. The home features 4 bedrooms 3 full baths, Large family room with wood burning fireplace and Interior laundry room. . It also features an attached rear glass enclosed patio and in ground pool. After renovation this home could be someone's forever home or a great investment property.
List Price/SqFt: 103.12
Sold Price/SqFt: 104.64

Property Features

Architectural Style: Ranch Levels: One Property Condition: Fixer Appliances: None Fireplace Features: Wood Burning Interior Features: Split Bedrooms Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup Utilities: Electricity Available; Sewer Available; Water Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Patio And Porch Features: Glass Enclosed Roof: Shingle Parking Features: Garage Fencing: Back Yard; Fenced Current Use: Residential Road Frontage Type: City Street Road Surface Type: Paved Possession: Close Of Escrow Listing Terms: Cash

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2024-12-21

Location Tax and Legal

Street Number: 3527
Street Name: SHELDON
Street Suffix: Road
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 137-Doctor's Lake
Subdivision Name: Lakeside Estates

Status Change Information

Major Change Timestamp: 2025-03-17T15:26:10Z
Major Change Type: Status Change
Purchase Contract Date: 2025-02-18
Close Date: 2025-03-12
Close Price: 248000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Listing Office: I ON REAL ESTATE & INVESTMENTS

Last Updated: December - 22 - 2025

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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