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.

424 NEPTUNE Road, Orange Park, FL 32073 (MLS# 2103224)

424 NEPTUNE Road, Orange Park, FL 32073

$183,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 972 Lot Size (sq. ft.): 10,019 Status: Closed

Current Price: $183,000 List Date: 8/11/2025 Last Modified: 2/03/2026

Overview

Description

Multiple offers - Accepting offers until 5pm 8/13/25. This is a nice 3 bedroom, 2 bath Norwegian Brick home on almost 1/4 acre. It has both a garage and an additional covered parking spot. A new roof and new A/C were just installed.

Listing Details MLS# 2103224

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 972
Living Area Source: Public Records
Year Built: 1974
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.23
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: Yes
Carport Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Directions: From I-295 and Blanding Blvd - South on Blanding, right on Blairmore Bl West, right on Virgo Ln, right on Aquarius Concourse, right on Neptune to house on right
Public Remarks: Multiple offers - Accepting offers until 5pm 8/13/25. This is a nice 3 bedroom, 2 bath Norwegian Brick home on almost 1/4 acre. It has both a garage and an additional covered parking spot. A new roof and new A/C were just installed.
List Price/SqFt: 193.31
Sold Price/SqFt: 188.27

Property Features

Levels: One Appliances: Dishwasher; Disposal; Dryer; Electric Range; Ice Maker; Refrigerator; Washer Interior Features: Ceiling Fan(s); Primary Bathroom - Shower No Tub; Walk-In Closet(s) Flooring: Laminate; Tile Utilities: Electricity Available; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Construction Materials: Brick Other Structures: Shed(s) Patio And Porch Features: Covered; Front Porch; Patio Roof: Shingle Parking Features: Detached Carport; Garage Fencing: Back Yard Current Use: Single Family Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-08-11

Location Tax and Legal

Street Number: 424
Street Name: NEPTUNE
Street Suffix: Road
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 131-Meadowbrook/Loch Rane
Subdivision Name: Meadowbrook

Status Change Information

Major Change Timestamp: 2025-09-05T17:56:21Z
Major Change Type: Status Change
Purchase Contract Date: 2025-08-14
Close Date: 2025-09-05
Close Price: 183000

DPR Eligible

DPR Eligible: No

More Information

Documents

Seller's Disclosure ›

Lead Paint Disclosure ›

Flood Disclosure ›

Listing Office: WATSON REALTY CORP

Last Updated: February - 03 - 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.