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.

4321 KELNEPA Drive, Jacksonville, FL 32207 (MLS# 1116908)

4321 KELNEPA Drive, Jacksonville, FL 32207

$620,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 2,192 Status: Closed

Current Price: $620,000 List Date: 6/23/2021 Last Modified: 10/23/2026

Overview

Description

Nestled on a quiet street in San Marco, everyday is an indulgence in this sun drenched, light filled Mediterranean Revival pool home. Wonderful architectural details abound, hardwood floors, fireplace , tall ceilings, newer windows, a great layout. Luxurious master suite, efficient and equipped chefs kitchen, lovely yard with sparkling fountain, and the perfect sized pool. The air conditioned pool house/cabana serves many purposes; home gym, guest quarters, office... you choose. Professionally maintained and on a friendly street, 4321 Kelnepa is offered AS IS but Seller welcomes inspections. San Marco is a favorite neighborhood and this delightful home, completely renovated and in impeccable condition, is a stand out. See it today today before it's gone!

Supplements: Located in "A" rated Hendricks Ave Elementary district! Designed by renowned architect Bernard Close, this home represents a true value in the 2021 real estate market. Den/TV room could be possible 3rd bedroom, or cabana, which has excellent closet/storage space. EXCLUSIONS; LIVING ROOM CHANDELIER, MASTER BEDROOM CEILING LIGHT FIXTURE, EXTRA CAB ... (Read more)

Listing Details MLS# 1116908

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2192
Living Area Source: Public Records
Year Built: 1925
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Carport Spaces: Yes
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From intersection of Emerson Street and Hendricks Ave travel one block south to Greenridge, turn right onto Greenridge. Drive on Greenridge to San Jose Blvd, turn left. Drive to Kelnepa , on the righ
Public Remarks: Nestled on a quiet street in San Marco, everyday is an indulgence in this sun drenched, light filled Mediterranean Revival pool home. Wonderful architectural details abound, hardwood floors, fireplace , tall ceilings, newer windows, a great layout. Luxurious master suite, efficient and equipped chefs kitchen, lovely yard with sparkling fountain, and the perfect sized pool. The air conditioned pool house/cabana serves many purposes; home gym, guest quarters, office... you choose. Professionally maintained and on a friendly street, 4321 Kelnepa is offered AS IS but Seller welcomes inspections. San Marco is a favorite neighborhood and this delightful home, completely renovated and in impeccable condition, is a stand out. See it today today before it's gone!
List Price/SqFt: 271.44
Sold Price/SqFt: 282.85

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Flat; Spanish Appliances: Gas Cooktop; Gas Water Heater; Tankless Water Heater Interior Features: Split Bedrooms; Walk-In Closet(s) Flooring: Wood Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Septic Tank Construction Materials: Block; Shell Dash Patio And Porch Features: Patio Pool Features: In Ground; Electric Heat Parking Features: Additional Parking Fencing: Fenced; Full Current Use: Residential Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2021-06-20

Location Tax and Legal

Street Number: 4321
Street Name: KELNEPA
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32207
MLS Area Major: 011-San Marco
Subdivision Name: San Marco

Status Change Information

Major Change Timestamp: 2021-10-05T01:22:16Z
Major Change Type: Status Change
Purchase Contract Date: 2021-07-28
Close Date: 2021-10-04
Close Price: 620000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 2: Interior Amenities-Ceiling 8+ Ft.: Y

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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