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# 1163874)

401 RUSMOR Street, Orange Park, FL 32073

$303,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,266 Status: Closed

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

Overview

Description

This sweet 3 bed 1.5 bath home mixes modern with vintage style. Lovely hardwood floors, modern lighting and barn doors mix with a vintage galley kitchen, plantation shutters, a cedar lined closet, and a backyard filled with majestic 100 year old live oaks. There is an amazing, separate 20x30 workshop/garage that has electricity, water, and ac/heat that can be used for anything. Love to work on cars? Are you an artist and need space to work? Looking for an in-law suite? The possibilities are endless! A new roof on main house and workshop 2022. The home includes an attached 1 car garage and a covered patio for entertaining. The home is dual zoned, perfect for a home based business.

Listing Details MLS# 1163874

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Half: Yes
Bathrooms Total: 2
Living Area: 1266
Living Area Source: Public Records
Year Built: 1950
Lot Size Dimensions: .39 acres
Association YN: No
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From I-295 & US Highway 17, south on US Highway 17, right on Stiles Avenue, left on Smith Street (2nd left), 401 Rusmor is the corner property, on the right.
Public Remarks: This sweet 3 bed 1.5 bath home mixes modern with vintage style. Lovely hardwood floors, modern lighting and barn doors mix with a vintage galley kitchen, plantation shutters, a cedar lined closet, and a backyard filled with majestic 100 year old live oaks. There is an amazing, separate 20x30 workshop/garage that has electricity, water, and ac/heat that can be used for anything. Love to work on cars? Are you an artist and need space to work? Looking for an in-law suite? The possibilities are endless! A new roof on main house and workshop 2022. The home includes an attached 1 car garage and a covered patio for entertaining. The home is dual zoned, perfect for a home based business.
List Price/SqFt: 259.87
Sold Price/SqFt: 239.34

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Other Appliances: Dishwasher; Electric Range; Electric Water Heater; Refrigerator Interior Features: Primary Bathroom - Shower No Tub Flooring: Tile; Wood Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Green Energy Efficient: Windows Construction Materials: Concrete; Vinyl Siding Patio And Porch Features: Covered; Patio Pool Features: None Roof: Shingle Parking Features: Additional Parking; Attached; Circular Driveway; Detached; Garage Lot Features: Corner Lot Fencing: Fenced; Full Current Use: Mixed Use; Residential; Single Family Association Amenities: Laundry Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2022-04-16

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
Subdivision Name: **verifying Subd**

Status Change Information

Major Change Timestamp: 2023-11-17T10:59:45Z
Major Change Type: Price Reduced
Price Change Timestamp: 2022-06-02T14:16:59Z
Purchase Contract Date: 2022-07-11
Close Date: 2022-07-27
Close Price: 303000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Interior Amenities-Window Treatment(s): Y
Public Historical Remarks 2: Other Building(s): Y

Documents

Seller's Property Disclosure ›

Survey ›

Lead Based Paint Disclosure ›

Listing Office: WATSON REALTY CORP

Last Updated: May - 13 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare