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.

3637 OAK Street, Jacksonville, FL 32205 (MLS# 993482)

3637 OAK Street, Jacksonville, FL 32205

$560,000

Property Type: Residential Bedrooms: 8 Baths: 4 Square Footage: 4,048 Status: Closed

Current Price: $560,000 List Date: 5/04/2019 Last Modified: 10/23/2026

Overview

Description

Blue chip residential investment property in the heart of Jacksonville's favorite walkable neighborhood. 4 nearly identical, spacious 2 bedroom 1 bath apartments. Rock solid concrete block construction, updated windows, newer roof, updated electric and plumbing. Solid oak flooring throughout. Easy floor plans, always rented! Short walk to Shoppes of Avondale. ALL UTILITIES PAID BY TENANTS! All units with washer dryer connects! Central HVAC. 4 car garage on rear alley! 100% occupied. Call Jason to discuss putting in your offer.

Listing Details MLS# 993482

General Property Information

Bedrooms Total: 8
Bathrooms Full: 4
Bathrooms Total: 4
Living Area: 4048
Living Area Source: Public Records
Year Built: 1950
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 4
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From The Shoppes of Avondale, drive NW on Dancy Street to Oak Street, turn right. Building on left 3637 Oak Street.
Public Remarks: Blue chip residential investment property in the heart of Jacksonville's favorite walkable neighborhood. 4 nearly identical, spacious 2 bedroom 1 bath apartments. Rock solid concrete block construction, updated windows, newer roof, updated electric and plumbing. Solid oak flooring throughout. Easy floor plans, always rented! Short walk to Shoppes of Avondale. ALL UTILITIES PAID BY TENANTS! All units with washer dryer connects! Central HVAC. 4 car garage on rear alley! 100% occupied. Call Jason to discuss putting in your offer.
List Price/SqFt: 146.99
Sold Price/SqFt: 138.34

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dryer; Electric Range; Electric Water Heater; Refrigerator; Washer Flooring: Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Construction Materials: Brick Pool Features: None Roof: Shingle Parking Features: Detached; Garage Lot Features: Historic Area Fencing: Back Yard Current Use: Multi-Family; Residential Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2019-05-04

Location Tax and Legal

Street Number: 3637
Street Name: OAK
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 032-Avondale
Subdivision Name: Avondale

Status Change Information

Major Change Timestamp: 2019-07-01T23:52:33Z
Major Change Type: Status Change
Purchase Contract Date: 2019-06-05
Close Date: 2019-07-01
Close Price: 560000

Historical Information

Public Historical Remarks 2: City Lot Location: Y

More Information

Listing Office: INI REALTY

Last Updated: October - 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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