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.

401 RUSMOR Street, Orange Park, FL 32073 (MLS# 1163873)

401 RUSMOR Street, Orange Park, FL 32073

$303,000

Property Type: Commercial Sale Square Footage: 1,266 Lot Size (sq. ft.): 16,988 Status: Closed

Current Price: $303,000 List Date: 4/23/2022 Last Modified: 5/13/2026

Overview

Description

Looking to own office space in the Town of Orange Park? The house has 3 bedrooms and 1.5 bathroom and mixes modern and vintage seamlessly. Hardwood floors, barn doors, plantation shutters, modern lighting, a galley kitchen and stackable washer/dryer. The half bath is handicap accessible. There is an amazing 20x30 detached workspace complete with water, electric, and AC that has endless possibilities. There is a one car garage with lots of storage and a circular drive. Beautiful 100 year old live oaks and a large corner lot yard provide an amazing back drop to this office. New roof on main house and workshop 2022. This property is dual zoned so you can live and work here. Zoned CPO; allowed businesses include daycare, dentist, church, barbershop, hair salon, photo studio, law firm, etc.

Listing Details MLS# 1163873

General Property Information

Building Area Total: 1266
Building Area Source: Public Records
Year Built: 1950
Lot Size Acres: 0.39
Water Body Access YN: No
Waterfront YN: No
Stories Total: Yes
Directions: From I-295 & US Highway 17, South on US Highway 17, right on Stiles Avenue, left on Smith Street, 401 Rusmor is on the right.
Public Remarks: Looking to own office space in the Town of Orange Park? The house has 3 bedrooms and 1.5 bathroom and mixes modern and vintage seamlessly. Hardwood floors, barn doors, plantation shutters, modern lighting, a galley kitchen and stackable washer/dryer. The half bath is handicap accessible. There is an amazing 20x30 detached workspace complete with water, electric, and AC that has endless possibilities. There is a one car garage with lots of storage and a circular drive. Beautiful 100 year old live oaks and a large corner lot yard provide an amazing back drop to this office. New roof on main house and workshop 2022. This property is dual zoned so you can live and work here. Zoned CPO; allowed businesses include daycare, dentist, church, barbershop, hair salon, photo studio, law firm, etc.
List Price/SqFt: 259.87
Sold Price/SqFt: 239.34

Property Features

Construction Materials: Concrete; Vinyl Siding Current Use: Commercial; Office; Residential; Single Family Fencing: Fenced; Full Heating: Central Listing Terms: Cash; Conventional; FHA Lot Features: Corner Lot Parking Features: Attached; Detached; Garage Roof: Shingle Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date: 2022-04-16
Property Sub Type: Mixed Use

Location Tax and Legal

Street Number: 401
Street Name: RUSMOR
Street Suffix: Street
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 133-North Orange Park

Status Change Information

Major Change Timestamp: 2023-11-20T13:24:48Z
Major Change Type: Price Reduced
Price Change Timestamp: 2022-06-02T14:17:46Z
Purchase Contract Date: 2022-07-11
Close Date: 2022-07-27
Close Price: 303000

Historical Information

Public Historical Remarks 1: Road Surface: Asphalt Road
Public Historical Remarks 2: Energy Features-Ceiling Fan(s): Y, Number of Buildings: 2 Buildings
Public Historical Remarks 3: Current Zoning: CPO

More Information

Documents

Seller's Property Disclosure ›

Survey ›

Lead Based Paint Disclosure ›

CPO Allowed Businesses ›

Workshop Plans ›

Listing Office: WATSON REALTY CORP

Last Updated: May - 13 - 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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