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.

4480 DEERWOOD LAKE Parkway 243, Jacksonville, FL 32216 (MLS# 2170536)

4480 DEERWOOD LAKE Parkway 243, Jacksonville, FL 32216

$380,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,802 Status: Active

Current Price: $380,000 List Date: 10/23/2026 Last Modified: 11/02/2026

Overview

Description

Come home to a fourth-floor retreat in the gated community of Deerwood Place, where the living areas, all three bedrooms, and both balconies overlook the surrounding preserve for relaxing views. This 2,802-square-foot home offers three bedrooms and two and a half baths, with room to settle in and room to gather. The very large kitchen, with granite countertops, stainless appliances and a walk-in pantry, opens to hardwood-floored living areas, so the cook is never far from the conversation. Step out onto one of two balconies, off the living room and the primary suite. Parking is a rare comfort: a private garage, a covered space beneath the building, and a dedicated storage room, all included with the sale. Enjoy the pool, fitness center, and clubhouse. The association fee covers water, sewer, grounds, building maintenance, and exterior pest control. Close to large Deerwood Park employers like Florida Blue, and minutes away from shopping and dining at the St. Johns Town Center.

Listing Details MLS# 2170536

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2802
Living Area Source: Assessor
Year Built: 2007
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Association YN: Yes
Association Fee: 1074
Association Fee Frequency: Monthly
Association Fee 2: 624
Association Fee 2 Frequency: Quarterly
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Stories Total: 4
Entry Level: 4
Senior Community YN: No
Directions: Take JTB/202 E to Southside Blvd. N. Turn left on Gate Parkway W. Turn right on Deerwood Lake Parkway and left into community. Once through gate, turn right at first stop sign and park anywhere in front of building 200.
Public Remarks: Come home to a fourth-floor retreat in the gated community of Deerwood Place, where the living areas, all three bedrooms, and both balconies overlook the surrounding preserve for relaxing views. This 2,802-square-foot home offers three bedrooms and two and a half baths, with room to settle in and room to gather. The very large kitchen, with granite countertops, stainless appliances and a walk-in pantry, opens to hardwood-floored living areas, so the cook is never far from the conversation. Step out onto one of two balconies, off the living room and the primary suite. Parking is a rare comfort: a private garage, a covered space beneath the building, and a dedicated storage room, all included with the sale. Enjoy the pool, fitness center, and clubhouse. The association fee covers water, sewer, grounds, building maintenance, and exterior pest control. Close to large Deerwood Park employers like Florida Blue, and minutes away from shopping and dining at the St. Johns Town Center.
List Price/SqFt: 135.62

Property Features

Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Disposal; Electric Cooktop; Electric Oven; Electric Water Heater; Microwave; Refrigerator Interior Features: Eat-in Kitchen; Elevator; Kitchen Island; Primary Bathroom -Tub with Separate Shower; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Fire Sprinkler System; Secured Lobby; Security Fence; Security Gate; Smoke Detector(s) Exterior Features: Balcony Spa Features: Community Parking Features: Additional Parking; Assigned; Attached; Garage; Garage Door Opener; Gated; Underground View: Trees/Woods Current Use: Multi-Family; Residential Association Amenities: Clubhouse; Community Pool; Elevator(s); Fitness Center; Gated; Maintenance Grounds; Maintenance Structure; Management - On Site; Storage Association Fee Includes: Insurance; Maintenance Grounds; Maintenance Structure; Pest Control; Trash; Water Community Features: Gated; Street Lights Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan