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.

400 E BAY Street 206, Jacksonville, FL 32202 (MLS# 2172184)

400 E BAY Street 206, Jacksonville, FL 32202

New Listing

$395,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,800 Status: Active

Current Price: $395,000 List Date: 11/04/2026 Last Modified: 11/04/2026

Overview

Description

Outstanding opportunity for owner-occupants or investors!! Enjoy luxury riverfront living in this beautifully appointed 3BR/2BA condo at Berkman Plaza in Downtown Jacksonville. Offering 1,800 SF, this second-floor residence combines spacious living with the added convenience of easy access. Features include hardwood floors, a fireplace, and three private balconies to enjoy sweeping views of Downtown Jacksonville, the St. Johns River, and the Shipyards. The well-designed floor plan offers comfort and style, while the rare inclusion of three parking spaces and two storage units add exceptional value and convenience. A unique opportunity to own a waterfront condo in one of Jacksonville's premier high-rise communities. The building offers 24 hour concierge, pool, fitness center, sauna, steam room, access to the guest suite, 21st floor lounge, and tennis courts. HOA includes internet, water, sewer, maintenance, trash, security, & insurance

Listing Details MLS# 2172184

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1800
Living Area Source: Appraiser
Year Built: 2003
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Association YN: Yes
Association Fee: 1599.51
Association Fee Frequency: Monthly
Association Name: First Service Residential
Association Phone: 904-359-5938
CDD Fee YN: No
Accessibility Features YN: Yes
New Construction YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Furnished: Unfurnished
Stories: Yes
Stories Total: 22
Entry Level: 2
Senior Community YN: No
Direction Faces: South
Directions: I95 North to Main Street Bridge. Right on Bay Street. Right on S. Liberty Street.
Public Remarks: Outstanding opportunity for owner-occupants or investors!! Enjoy luxury riverfront living in this beautifully appointed 3BR/2BA condo at Berkman Plaza in Downtown Jacksonville. Offering 1,800 SF, this second-floor residence combines spacious living with the added convenience of easy access. Features include hardwood floors, a fireplace, and three private balconies to enjoy sweeping views of Downtown Jacksonville, the St. Johns River, and the Shipyards. The well-designed floor plan offers comfort and style, while the rare inclusion of three parking spaces and two storage units add exceptional value and convenience. A unique opportunity to own a waterfront condo in one of Jacksonville's premier high-rise communities. The building offers 24 hour concierge, pool, fitness center, sauna, steam room, access to the guest suite, 21st floor lounge, and tennis courts. HOA includes internet, water, sewer, maintenance, trash, security, & insurance
List Price/SqFt: 219.44

Property Features

Levels: One Accessibility Features: Accessible Approach with Ramp; Accessible Entrance Property Condition: Updated/Remodeled Rental Restrictions: 1 Year Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Oven; Electric Water Heater; Microwave; Refrigerator; Washer Fireplace Features: Electric Interior Features: Breakfast Nook; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Guest Suite; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Laminate; Wood Laundry Features: In Unit Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Electric Water Source: Public Sewer: Public Sewer Security Features: 24 Hour Security; Closed Circuit Camera(s); Entry Phone/Intercom; Fire Alarm; Fire Sprinkler System; Key Card Entry; Secured Elevator; Secured Lobby; Security Fence; Security Gate; Smoke Detector(s) Exterior Features: Balcony Patio And Porch Features: Covered; Side Porch Parking Features: Assigned; Covered; Garage; Gated; Guest View: Bridge(s); Marina; Pool; River; Water Water Body Access Type: Navigable Waterfront Features: Navigable Water; River Front Current Use: Residential Association Amenities: Barbecue; Clubhouse; Community Pool; Elevator(s); Fitness Center; Gated; Maintenance Grounds; Maintenance Structure; Management - Full Time; Management - On Site; Racquetball; Sauna; Security; Storage; Tennis Court(s); Trash; Water Association Fee Includes: Insurance; Internet; Maintenance Grounds; Maintenance Structure; Pest Control; Security; Trash; Water Community Features: Gated Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2026-11-03
Unit Type: End Unit

Location Tax and Legal

Street Number: 400
Street Direction Prefix: E
Street Name: BAY
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32202
MLS Area Major: 073-Downtown Jacksonville-Northbank
Subdivision Name: The Plaza Condominium At Berkman

Status Change Information

Major Change Timestamp: 2026-11-04T01:47:23Z
Major Change Type: New Listing

Fireplace Features

Fireplaces Total: Yes

More Information

Listing Office: UNITED REAL ESTATE GALLERY

Last Updated: November - 04 - 2026

Information deemed reliable but not guaranteed.