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.

3734 REEDPOND Drive N, Jacksonville, FL 32223 (MLS# 2130837)

3734 REEDPOND Drive N, Jacksonville, FL 32223

$560,000

Virtual Staging of Downstairs Full Flex Room.

Downstairs Laundry off Garage and Kitchen.

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2nd_floor_3734_reedpond_drive_north_jack

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Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 2,529 Lot Size (sq. ft.): 18,295 Status: Closed

Current Price: $560,000 List Date: 10/10/2026 Last Modified: 10/30/2026

Overview

Description

Welcome Home! This fully updated 4 Bedroom, 3.5 Bathroom home is located in the highly sought-after, gated community of Cormorant Landing that offers 24/7 security and access to community tennis courts. Situated on an oversized .42-acre lot, this home features a side-entry garage and extended driveway for added parking and great curb appeal. Inside, you are welcomed by a spacious entry foyer, soaring ceilings, and a grand staircase that creates an impressive first impression. Recessed lighting and abundant natural light fill the main living areas; all centered around a cozy wood-burning fireplace. Enjoy beautiful lake views from every angle of the downstairs living room and eat-in kitchen, creating a serene backdrop for your everyday living.

Supplements: The updated kitchen features granite countertops, stainless steel appliances, a new dishwasher, and a convenient laundry room with additional storage and utility sink. Enjoy water views from the back paver patio and a spacious backyard with room for a future pool. The primary suite is located downstairs with brand new carpet and a fully updated bat ... (Read more)

Listing Details MLS# 2130837

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 2529
Living Area Source: Public Records
Year Built: 1996
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.42
Association YN: Yes
Association Fee: 225
Association Fee Frequency: Monthly
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: 2
Entry Level: Yes
Senior Community YN: No
Directions: Travel south on I-295 towards Mandarin, exit south on San Jose Blvd. SR-13. Turn left on Marbon Rd. Turn right in Cormorant Landing on Cranefoot Dr. Check in with the security guard at gate. Continue on Cranefoot turning left on Reedpond Dr. N. Home on right @3734.
Public Remarks: Welcome Home! This fully updated 4 Bedroom, 3.5 Bathroom home is located in the highly sought-after, gated community of Cormorant Landing that offers 24/7 security and access to community tennis courts. Situated on an oversized .42-acre lot, this home features a side-entry garage and extended driveway for added parking and great curb appeal. Inside, you are welcomed by a spacious entry foyer, soaring ceilings, and a grand staircase that creates an impressive first impression. Recessed lighting and abundant natural light fill the main living areas; all centered around a cozy wood-burning fireplace. Enjoy beautiful lake views from every angle of the downstairs living room and eat-in kitchen, creating a serene backdrop for your everyday living.
List Price/SqFt: 236.85
Sold Price/SqFt: 221.43

Property Features

Architectural Style: Traditional Levels: Two Property Condition: Updated/Remodeled Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Guest Suite; Jack and Jill Bath; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Tile; Vinyl Laundry Features: In Unit; Lower Level Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Security Features: 24 Hour Security; Security Gate Construction Materials: Stucco Patio And Porch Features: Patio Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Sprinklers In Front; Sprinklers In Rear View: Lake Waterfront Features: Lake Front Current Use: Residential; Single Family Association Amenities: Tennis Court(s) Community Features: Gated Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan