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.

3870 ELDRIDGE Avenue, Orange Park, FL 32073 (MLS# 1184983)

3870 ELDRIDGE Avenue, Orange Park, FL 32073

$300,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,222 Status: Closed

Current Price: $300,000 List Date: 8/05/2022 Last Modified: 1/23/2026

Overview

Description

One Family home with no Homeowners Association or CDD nestled on a half an acre lot, (slightly under) across the street from the River is being offered at an amazing price, very well maintained and loved this home boasts a well appointed Owners Bedroom with an ensuite bath and closet Upgraded 40'' Kitchen cabinets with sassy granite.- 2 car garage,

Listing Details MLS# 1184983

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1222
Living Area Source: Public Records
Year Built: 1993
Association YN: No
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From South: Take 17 ( Park ) Make a Right on to Loring, Left onto River Road Right onto Eldridge From North Take 17 (Roosevelt) Make a Left onto Wells Road Left onto River Road Right onto Eldridge
Public Remarks: One Family home with no Homeowners Association or CDD nestled on a half an acre lot, (slightly under) across the street from the River is being offered at an amazing price, very well maintained and loved this home boasts a well appointed Owners Bedroom with an ensuite bath and closet Upgraded 40'' Kitchen cabinets with sassy granite.- 2 car garage,
List Price/SqFt: 241.41
Sold Price/SqFt: 245.5

Property Features

Approx Parcel Size: .51 to 1 Acre Appliances: Dishwasher; Electric Range; Electric Water Heater; Microwave Interior Features: Breakfast Bar; Primary Bathroom - Shower No Tub; Split Bedrooms; Walk-In Closet(s) Cooling: Central Air Heating: Central Water Source: Public Pool Features: None Parking Features: Attached; Garage; Garage Door Opener Lot Features: Corner Lot; Cul-De-Sac 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: 2022-08-05

Location Tax and Legal

Street Number: 3870
Street Name: ELDRIDGE
Street Suffix: Avenue
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 133-North Orange Park
Subdivision Name: Island View

Status Change Information

Major Change Timestamp: 2022-11-23T16:07:55Z
Major Change Type: Status Change
Purchase Contract Date: 2022-08-23
Close Date: 2022-10-07
Close Price: 300000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Side Entry Garage: Y

Documents

Sellers Disclosure ›

Multiple Offer Notification ›

Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

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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