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.

4387 CEDAR Road, Orange Park, FL (MLS# 757949)

4387 CEDAR Road, Orange Park, FL

$243,784

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,247 Status: Closed

Current Price: $243,784 List Date: 8/26/2015 Last Modified: 2/25/2026

Overview

Description

This property is bank owned. It is sold in “as-is” condition without repairs or warranty. Buyer is responsible for verifying all information contained in this listing.

Listing Details MLS# 757949

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2247
Living Area Source: Public Records
Year Built: 1976
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: Yes
Stories: Yes
Directions: DOCTORS LAKE DRIVE L ON BAY RD R ON CEDAR ROAD $$$$$$REDUCED$$$$$$ GREAT LOCATION ON DOCTORS LAKE (OFF ST. JOHNS RIVER) ALL BRICK HOME WITH
Public Remarks: This property is bank owned. It is sold in “as-is” condition without repairs or warranty. Buyer is responsible for verifying all information contained in this listing.
List Price/SqFt: 107.26
Sold Price/SqFt: 108.49

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Ranch Utilities: Other Cooling: Other Heating: Other Pool Features: None Parking Features: Other Waterfront Features: River Front Current Use: Residential Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2015-02-16

Location Tax and Legal

Street Number: 4387
Street Name: CEDAR
Street Suffix: Road
County: Clay
State: FL
MLS Area Major: 137-Doctor's Lake
Subdivision Name: Doctors Lake Estates

Status Change Information

Major Change Timestamp: 2023-11-13T20:42:41Z
Major Change Type: Price Reduced
Price Change Timestamp: 2015-07-24T17:42:17Z
Purchase Contract Date: 2015-09-01
Close Date: 2015-10-09
Close Price: 243784

Historical Information

Public Historical Remarks 3: Occupant Type: Vacant, Call Listing Office, See Private Remarks

More Information

Documents

guide ›

info ›

Listing Office: REALHOME SERVICES AND SOLUTIONS INC

Last Updated: February - 25 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

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.