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.

418 7TH Avenue N #1, Jacksonville Beach, FL 32250 (MLS# 1102663)

418 7TH Avenue N #1, Jacksonville Beach, FL 32250

$490,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,946 Status: Closed

Current Price: $490,000 List Date: 4/02/2021 Last Modified: 2/07/2025

Overview

Description

Location, location, location. Only 4 blocks to the beach and walking distance to dinner and shopping. This end unit town home has an open concept floor plan, with a large kitchen with island and granite countertops. Living dining combo opens to a screened lanai. Large master bedroom upstairs with ensuite, and 2 additional bedrooms and a bath, allow for privacy. All this with a garage. HOA includes outdoor maintenance, termite bond, pest control, central sprinkler system, and irrigation. Come see this home, you will not be disappointed. Showings begin April 3, from 11-2. Open house April 3,11-2. Agents, we are accepting back ups.

Listing Details MLS# 1102663

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1946
Living Area Source: Public Records
Year Built: 2014
Association YN: Yes
Association Fee: 200
Association Fee Frequency: Monthly
Association Fee 2 Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From JTB head north on A1A. Turn west(left) on 7th Ave. N. Property is on the left.
Public Remarks: Location, location, location. Only 4 blocks to the beach and walking distance to dinner and shopping. This end unit town home has an open concept floor plan, with a large kitchen with island and granite countertops. Living dining combo opens to a screened lanai. Large master bedroom upstairs with ensuite, and 2 additional bedrooms and a bath, allow for privacy. All this with a garage. HOA includes outdoor maintenance, termite bond, pest control, central sprinkler system, and irrigation. Come see this home, you will not be disappointed. Showings begin April 3, from 11-2. Open house April 3,11-2. Agents, we are accepting back ups.
List Price/SqFt: 244.09
Sold Price/SqFt: 251.8

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Entrance Foyer; Primary Bathroom -Tub with Separate Shower; Walk-In Closet(s) Flooring: Carpet; Tile Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Fiber Cement; Frame Patio And Porch Features: Porch; Screened Pool Features: None Roof: Shingle Parking Features: Attached; Garage Fencing: Back Yard Current Use: Residential Road Surface Type: Asphalt Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2021-04-02

Location Tax and Legal

Street Number: 418
Street Name: 7TH
Street Suffix: Avenue
Street Direction Suffix: N
County: Duval
State: FL
Postal Code: 32250
MLS Area Major: 213-Jacksonville Beach-NW
Subdivision Name: Ocean Breeze

Status Change Information

Major Change Timestamp: 2021-04-16T22:49:16Z
Major Change Type: Status Change
Purchase Contract Date: 2021-04-12
Close Date: 2021-04-16
Close Price: 490000

Historical Information

Public Historical Remarks 1: Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Dining-Living/Dining Combo: Y

More Information

Room Information

Room Name
Utility Room

Documents

HOA Disclosure ›

Seller Disclsoure ›

Listing Office: CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST

Last Updated: February - 07 - 2025

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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