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.

4251 MARQUETTE, Jacksonville, FL (MLS# 598916)

4251 MARQUETTE, Jacksonville, FL

$170,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,868 Status: Closed

Current Price: $170,000 List Date: 10/19/2011 Last Modified: 10/23/2026

Overview

Description

Very nice home needs a little sweat equity to be a showplace. Big back yard, great location. Features 3 or 4 bedrooms and 3 full baths!! Rock solid, an oversized yard and a nice outbuilding. Excellent storage, large wooden deck out back, and a sweet rocking chair front porch.Priced right, see it today. Property sold AS-IS, Seller to make no repairs.

Listing Details MLS# 598916

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 1868
Living Area Source: Public Records
Year Built: 1924
Homestead YN: Yes
Lot Size Dimensions: 75x170
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: Take Herschel to Philips Garden Center. Turn onto Marquette (West) to third house on right. 4251 Marquette.
Public Remarks: Very nice home needs a little sweat equity to be a showplace. Big back yard, great location. Features 3 or 4 bedrooms and 3 full baths!! Rock solid, an oversized yard and a nice outbuilding. Excellent storage, large wooden deck out back, and a sweet rocking chair front porch.Priced right, see it today. Property sold AS-IS, Seller to make no repairs.
List Price/SqFt: 96.36
Sold Price/SqFt: 91.01

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Appliances: Electric Water Heater Flooring: Wood Utilities: Natural Gas Available Cooling: Central Air Heating: Central; Heat Pump; Natural Gas Water Source: Public Sewer: Public Sewer Construction Materials: Frame; Wood Siding Patio And Porch Features: Deck; Front Porch Pool Features: None Roof: Shingle Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2011-10-19

Location Tax and Legal

Street Number: 4251
Street Name: MARQUETTE
County: Duval
State: FL
MLS Area Major: 032-Avondale
Subdivision Name: St Johns Park

Status Change Information

Major Change Timestamp: 2023-11-14T18:10:01Z
Major Change Type: Price Reduced
Price Change Timestamp: 2011-11-25T18:21:40Z
Purchase Contract Date: 2012-03-30
Close Date: 2012-06-21
Close Price: 170000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: OwnerApprPublicMktg: Pre-Foreclosure,Short Sale
Public Historical Remarks 2: Other Building(s): Y
Public Historical Remarks 3: Occupant Type: Special Instructions, Back-Ups Accepted, Listing Agent Must Accompany, Appointment

Listing Office: INI REALTY

Last Updated: October - 23 - 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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