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# 993488)

3637 OAK Street, Jacksonville, FL 32205

$560,000

Property Type: Residential Income 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 (2017), 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# 993488

General Property Information

Number Of Units Total: 4
Bedrooms Total: 8
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 4048
Living Area Source: Public Records
Year Built: 1950
Garage Spaces: 4
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Stories: 2
Directions: From the Shoppes of Avondale take Dancy Street NW toward Oak Street. Turn right on Oak St to 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 (2017), 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

Appliances: Electric Range; Electric Water Heater; Refrigerator Construction Materials: Brick Veneer Cooling: Central Air Flooring: Wood Heating: Central; Heat Pump Laundry Features: Electric Dryer Hookup; Washer Hookup Listing Terms: Cash; Conventional Pool Features: None Possession: Other Road Surface Type: Asphalt Roof: Shingle Sewer: Public Sewer Utilities: Separate Electric Meters; Separate Water Meters Water Source: Public

Contract Information

Listing Contract Date: 2019-05-04
Property Sub Type: Quadruplex

Location Tax and Legal

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

Status Change Information

Major Change Timestamp: 2019-07-01T23:51:45Z
Major Change Type: Status Change
Purchase Contract Date: 2019-06-05
Close Date: 2019-07-01
Close Price: 560000

Historical Information

Public Historical Remarks 1: Lot Location-Historic Area: Y, Number of Buildings: 1 Building, Two Bedroom Rentals: $801 to $1000/Month
Public Historical Remarks 2: Parking Facilities-Oversized Gar/Strge: Y, # 2 Bedroom Units: 4, Utilities-Sep Irrigation Meter: Y, Present Tenant Exp: All Electric,Water, Structure Off Grade: 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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