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.

353 COTTONWOOD Lane, Orange Park, FL 32073 (MLS# 1148415)

353 COTTONWOOD Lane, Orange Park, FL 32073

$249,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,050 Status: Closed

Current Price: $249,000 List Date: 3/15/2022 Last Modified: 1/23/2026

Overview

Description

Fall in love with this charming 2 bedroom, 2 bathroom home. Wonderful, completely renovated block house, gutted and from bottom remodeled with tile floors through the entire house and move in ready. Beautiful new kitchen with white cupboards and an island. The property has a 2 car carport and an additional carport for a camper or boat. The back yard is completely fenced. Must see, there is too much to list. Super convenient to shopping, movies and restaurants.

Listing Details MLS# 1148415

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1050
Year Built: 1958
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Carport Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From I-295, South on Blanding Blvd; Left on Woodside Dr. and second left, you will find home on the left, no sign in yard..
Public Remarks: Fall in love with this charming 2 bedroom, 2 bathroom home. Wonderful, completely renovated block house, gutted and from bottom remodeled with tile floors through the entire house and move in ready. Beautiful new kitchen with white cupboards and an island. The property has a 2 car carport and an additional carport for a camper or boat. The back yard is completely fenced. Must see, there is too much to list. Super convenient to shopping, movies and restaurants.
List Price/SqFt: 233.33
Sold Price/SqFt: 237.14

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Appliances: Dishwasher; Electric Range; Tankless Water Heater Interior Features: Breakfast Bar; Walk-In Closet(s) Flooring: Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Block Pool Features: None Roof: Metal Parking Features: Additional Parking; RV Access/Parking Fencing: Back Yard; Chain Link Current Use: Residential Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2022-01-08

Location Tax and Legal

Street Number: 353
Street Name: COTTONWOOD
Street Suffix: Lane
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 132-Bellair/Grove Park
Subdivision Name: Bellair

Status Change Information

Major Change Timestamp: 2023-11-17T08:11:08Z
Major Change Type: Price Reduced
Price Change Timestamp: 2022-03-19T23:56:17Z
Purchase Contract Date: 2022-03-20
Close Date: 2022-05-02
Close Price: 249000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 2: Structure Slab: Y
Public Historical Remarks 3: Intermediate School: Other

Documents

Survey ›

Lead-base paint disclosure ›

Seller Disclosure ›

Offer Instructions ›

Listing Office: KELLER WILLIAMS JACKSONVILLE

Last Updated: January - 23 - 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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