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.

4525 APPLETON Avenue, Jacksonville, FL 32210 (MLS# 2157236)

4525 APPLETON Avenue, Jacksonville, FL 32210

$975

Property Type: Commercial Lease Baths: 1 Square Footage: 1,995 Lot Size (sq. ft.): 5,663 Status: Closed

Current Price: $975 List Date: 7/27/2026 Last Modified: 11/02/2026

Overview

Description

Established office building on a no throroughfare street in Lake Side Park. Front 3 offices, reception area and 1 bathroom in front of building are for lease (835SF), rear offices are occupied. Rich wood trim throughout, one office with handsome coffered ceiling, one with raised tray ceiling both with recessed lighting. Convenient location adjacent to Avondale, Ortega and downtown Jacksonville, banks, shops, restaurants and US 17. $1250 security deposit due at signing of lease. Listing agent must accompany all showings. Tenant will split JEA bill with back tenant.

Listing Details MLS# 2157236

General Property Information

Bathrooms Total: Yes
Building Area Total: 1995
Accessibility Features YN: No
Year Built: 1969
Lot Size Acres: 0.13
Directions: From I-10, South on US 17 to right on San Juan Avenue, left on Hamilton Street and left on Appleton. Building is on the left.
Public Remarks: Established office building on a no throroughfare street in Lake Side Park. Front 3 offices, reception area and 1 bathroom in front of building are for lease (835SF), rear offices are occupied. Rich wood trim throughout, one office with handsome coffered ceiling, one with raised tray ceiling both with recessed lighting. Convenient location adjacent to Avondale, Ortega and downtown Jacksonville, banks, shops, restaurants and US 17. $1250 security deposit due at signing of lease. Listing agent must accompany all showings. Tenant will split JEA bill with back tenant.
List Price/SqFt: 0.49
Sold Price/SqFt: 0.49

Property Features

Additional Lease Terms: 12 Months Construction Materials: Block; Stucco Cooling: Central Air; Electric Current Use: Office Flooring: Carpet; Tile Heating: Central; Electric Lease Includes: Building Only Lot Features: Cleared Parking Features: Off Street Road Frontage Type: City Street Roof: Wood Truss/Raft Sewer: Septic Tank Special Listing Conditions: Standard Water Source: Public

Contract Information

Base Rent Per Year: 15000
Listing Contract Date: 2026-07-27
Property Sub Type: Office

Location Tax and Legal

Street Number: 4525
Street Name: APPLETON
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32210
MLS Area Major: 052-Lakeshore

Status Change Information

Major Change Timestamp: 2026-11-02T15:47:38Z
Major Change Type: Status Change
Price Change Timestamp: 2026-10-15T14:04:31Z
Purchase Contract Date: 2026-11-02
Close Date: 2026-11-02
Close Price: 975

More Information

Listing Office: NORVILLE REALTY INC

Last Updated: November - 02 - 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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