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.

3883 CHASING FALLS Road, Orange Park, FL 32065 (MLS# 1186605)

3883 CHASING FALLS Road, Orange Park, FL 32065

$332,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,852 Status: Closed

Current Price: $332,000 List Date: 9/16/2022 Last Modified: 8/27/2026

Overview

Description

Beautiful and spacious three bedroom, two bath home in desirable oakleaf plantation. Access to oakleaf amenities. This home has tons of space including a screened in terrace.

Listing Details MLS# 1186605

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1852
Living Area Source: Public Records
Year Built: 2011
Association YN: Yes
Association Fee: 120
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 1700.88
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Entry Level: Yes
Directions: From oakleaf Town Center take oakleaf plantation parkway West to right on southwood way, then right on chasing falls
Public Remarks: Beautiful and spacious three bedroom, two bath home in desirable oakleaf plantation. Access to oakleaf amenities. This home has tons of space including a screened in terrace.
List Price/SqFt: 183.05
Sold Price/SqFt: 179.27

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Electric Range; Electric Water Heater; Refrigerator Interior Features: Kitchen Island; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Patio And Porch Features: Porch; Screened Pool Features: None Roof: Shingle Parking Features: Attached; Garage Fencing: Back Yard Current Use: Residential Association Amenities: Community Pool Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2022-08-12

Location Tax and Legal

Street Number: 3883
Street Name: CHASING FALLS
Street Suffix: Road
County: Clay
State: FL
Postal Code: 32065
MLS Area Major: 139-Oakleaf/Orange Park/NW Clay County
Subdivision Name: Oakleaf Plantation

Status Change Information

Major Change Timestamp: 2022-11-02T14:46:58Z
Major Change Type: Status Change
Purchase Contract Date: 2022-08-22
Close Date: 2022-11-01
Close Price: 332000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 2: Interior Amenities-Ceiling 8+ Ft.: Y

Room Information

Room Name
Utility Room

Listing Office: JPAR CITY AND BEACH

Last Updated: August - 27 - 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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