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.

4560 PALMER Avenue, Jacksonville, FL 32210 (MLS# 1069596)

4560 PALMER Avenue, Jacksonville, FL 32210

$260,000

Property Type: Residential Income Bedrooms: 5 Baths: 3 Square Footage: 2,245 Status: Closed

Current Price: $260,000 List Date: 8/22/2020 Last Modified: 10/23/2026

Overview

Description

Tastefully renovated 3/2 home with garage/workshop and spacious 2/1 apartment with sleeping porch. Ready for move in. Affordable living or generate income from both residences. New roof, HVAC, windows on main house, flooring, completely new kitchen in main home, updated electric panels. Large yard for pets, kids or gardening. Centrally located near NAS Jax plus Murray Hill and Riverside-Avondale. Properties like this are in serious demand so don't wait or you will be left out. The garage/workshop is large and has amazing flexibility for homeowner or hobbyist. Large area of covered parking too. Both units with washer dryer hook ups! Call Jason to schedule your showing TODAY!

Listing Details MLS# 1069596

General Property Information

Number Of Units Total: 2
Bedrooms Total: 5
Bathrooms Total: 3
Bathrooms Full: 3
Living Area: 2245
Living Area Source: Public Records
Year Built: 1941
Garage Spaces: 2
Lot Size Dimensions: 90 x 120
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Stories: 2
Directions: From San Juan and Roosevelt go West on SJ one block to left on Hamilton, then right on Palmer to second house on left.
Public Remarks: Tastefully renovated 3/2 home with garage/workshop and spacious 2/1 apartment with sleeping porch. Ready for move in. Affordable living or generate income from both residences. New roof, HVAC, windows on main house, flooring, completely new kitchen in main home, updated electric panels. Large yard for pets, kids or gardening. Centrally located near NAS Jax plus Murray Hill and Riverside-Avondale. Properties like this are in serious demand so don't wait or you will be left out. The garage/workshop is large and has amazing flexibility for homeowner or hobbyist. Large area of covered parking too. Both units with washer dryer hook ups! Call Jason to schedule your showing TODAY!
List Price/SqFt: 124.28
Sold Price/SqFt: 115.81

Property Features

Appliances: Electric Water Heater Construction Materials: Aluminum Siding; Fiber Cement; Frame Cooling: Central Air Heating: Central Listing Terms: Cash; Conventional; FHA; VA Loan Parking Features: Covered Pool Features: None Possession: Negotiable Road Surface Type: Asphalt Roof: Shingle Sewer: Septic Tank Utilities: Separate Electric Meters Water Source: Public

Contract Information

Listing Contract Date: 2020-08-22

Location Tax and Legal

Street Number: 4560
Street Name: PALMER
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32210
Subdivision Name: Lakeshore
MLS Area Major: 052-Lakeshore

Status Change Information

Major Change Timestamp: 2020-10-22T01:45:51Z
Major Change Type: Status Change
Purchase Contract Date: 2020-10-01
Close Date: 2020-10-13
Close Price: 260000

Historical Information

Public Historical Remarks 1: # 3 Bedroom Units: 1, Number of Buildings: 2 Buildings, Two Bedroom Rentals: $801 to $1000/Month
Public Historical Remarks 2: # 2 Bedroom Units: 1, Type-Sngl Family-Detached: Y, Type-Multi Generational: Y, Lot Location-Urban/City: Y, Three Bedroom Rental: $1001 to $1500/Month
Public Historical Remarks 3: Occupant Type: Vacant -Lockbox, Vacant

More Information

Listing Office: INI REALTY

Last Updated: October - 23 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare