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.

3545 HEMLOCK Street, Jacksonville, FL 32218 (MLS# 2137665)

3545 HEMLOCK Street, Jacksonville, FL 32218

$1,320,000

Property Type: Commercial Sale Square Footage: 2,027 Lot Size (sq. ft.): 95,832 Status: Active

Current Price: $1,320,000 List Date: 10/06/2026 Last Modified: 10/31/2026

Overview

Description

Prime corner parcel in an area of explosive growth! Jacksonville's Northside market has been booming with development and this arguably the last best corner. 2.2 acres with 200 feet of frontage along Lem Turner Rf (SR 115} with 11,000 AADT in 2024 and on the rise. The proerty also features 480 front feet along Hemlock St which serves as the entry road to multiple new residential subdivisions with over 1200 units planned. This listing includes mutliple parcels, two of which have homes on them. Surrounding land has almost all been rezoned for new development. Potential to add adjacent property for larger scale development and more visibility along SR 115/Please do not walk the property without a confirmed appointment.

Listing Details MLS# 2137665

General Property Information

Building Area Total: 2027
Year Built: 1975
Lot Size Acres: 2.2
Waterfront YN: No
Directions: From I-295 take the Lem Turner Rd exit north property is at the corner of Lem Turner and Hemlock St
Public Remarks: Prime corner parcel in an area of explosive growth! Jacksonville's Northside market has been booming with development and this arguably the last best corner. 2.2 acres with 200 feet of frontage along Lem Turner Rf (SR 115} with 11,000 AADT in 2024 and on the rise. The proerty also features 480 front feet along Hemlock St which serves as the entry road to multiple new residential subdivisions with over 1200 units planned. This listing includes mutliple parcels, two of which have homes on them. Surrounding land has almost all been rezoned for new development. Potential to add adjacent property for larger scale development and more visibility along SR 115/Please do not walk the property without a confirmed appointment.
List Price/SqFt: 651.21

Property Features

Lot Features: Uplands Parking Features: Off Street Sale Includes: Land Only

Contract Information

Listing Contract Date: 2026-03-30
Property Sub Type: Unimproved Land

Location Tax and Legal

Street Number: 3545
Street Name: HEMLOCK
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32218
MLS Area Major: 091-Garden City/Airport

Status Change Information

Major Change Timestamp: 2026-10-06T16:48:48Z
Major Change Type: Status Change

More Information

Listing Office: ENDLESS SUMMER REALTY

Last Updated: October - 31 - 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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