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.

3872 HERSCHEL Street, Jacksonville, FL 32205 (MLS# 2171478)

3872 HERSCHEL Street, Jacksonville, FL 32205

New Listing

$1,495

23C1D016-224F-4885-8637-02EDC17AA992 (1)

D2576F83-7EDF-480C-8B3B-32EFEE9F18C2 (1)

Property Type: Residential Lease Bedrooms: 2 Baths: 3 Square Footage: 900 Status: Pending

Current Price: $1,495 List Date: 10/29/2026 Last Modified: 10/31/2026

Overview

Description

RIVERSIDE 1ST FLR APARTMENT FOR RENT. From 5 Points, Park St west, left on Edgewood, right on Herschel to duplex- 2 bedrooms, 1 bath, living room, dining room, kitchen (R/R/DW/MW), central heat & air, laminate floors, approx 900 sf, washer/dryer, renovated! $1495 security deposit, 1 year lease, may consider pet w/NRPF, non-smoking [AVNonstandardLBsf] available now

Listing Details MLS# 2171478

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 900
Living Area Source: Measured
Year Built: 1924
Association YN: No
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Stories Total: Yes
Entry Level: Yes
Senior Community YN: No
Directions: US-17 (ROOSEVELT BLVD) NORTH TO EDGEWOOD AVE EXIT. GO EAST (RIGHT) TOWARD THE RIVER. TAKE A RIGHT ON HERSCHEL. GO SOUTH PAST PINEGROVE AND THE DUPLEX WILL BE ON THE LEFT.
Public Remarks: RIVERSIDE 1ST FLR APARTMENT FOR RENT. From 5 Points, Park St west, left on Edgewood, right on Herschel to duplex- 2 bedrooms, 1 bath, living room, dining room, kitchen (R/R/DW/MW), central heat & air, laminate floors, approx 900 sf, washer/dryer, renovated! $1495 security deposit, 1 year lease, may consider pet w/NRPF, non-smoking [AVNonstandardLBsf] available now
List Price/SqFt: 1.66

Property Features

Additional Lease Terms: 12 Months Owner Pays: Grounds Care Levels: One Appliances: Dishwasher; Disposal; Dryer; Electric Range; Ice Maker; Microwave; Washer Patio And Porch Features: Front Porch Water Source: Public Parking Features: Assigned Utilities: Other Cooling: Central Air Heating: Central Road Surface Type: Asphalt Additional Fee Includes: Attorney Fee Tenant Pays: All Utilities Pets Allowed: Call; Size Limit

Contract Information

Property Sub Type: Duplex
Listing Contract Date: 2026-10-27
Lease Term: 12 Months
Availability Date: 2026-10-29

Location Tax and Legal

Street Number: 3872
Street Name: HERSCHEL
Street Suffix: Street
State: FL
County: Duval
Postal Code: 32205
MLS Area Major: 032-Avondale
Subdivision Name: Avondale

Status Change Information

Major Change Timestamp: 2026-10-31T21:19:19Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-31

Fireplace Features

Fireplaces Total: Yes

More Information

Deposits and Fees

Additional Fee: 100
Application Fee: 75
Security Deposit: 1495

Pets Allowed

Maximum Weight Allowed: 30

Room Information

Room Name
Living Room

Listing Office: TRADITIONS REALTY LLC

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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