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.

461 MELROSE Court, Green Cove Springs, FL 32043 (MLS# 2148812)

461 MELROSE Court, Green Cove Springs, FL 32043

$199,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,340 Lot Size (sq. ft.): 10,019 Status: Active

Current Price: $199,000 List Date: 6/04/2026 Last Modified: 11/14/2026

Overview

Description

MAJOR PRICE REDUCTION - PRICED BELOW MARKET VALUE! Don't miss this exceptional opportunity in highly sought-after Green Cove Springs! Situated on a quiet cul-de-sac with NO HOA, this 3-bedroom, 1.5-bath home offers a fully vinyl-fenced backyard with plenty of privacy and space for entertaining, relaxing, pets, or play. Recent updates include luxury vinyl plank flooring in all bedrooms, new tile flooring in the laundry and flex rooms, and a new roof installed in 2022. The versatile floor plan features additional flex space, perfect for a home office, fitness area, hobby room, or playroom. Whether you're a first-time buyer, downsizing, or looking for an investment property, this home offers a great combination of location, recent improvements, and potential to make it your own.Significantly reduced and priced for a quick sale! Schedule your showing today and bring your offers!

Listing Details MLS# 2148812

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Half: Yes
Bathrooms Total: 2
Living Area: 1340
Living Area Source: Other
Year Built: 1985
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.23
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Directions: US 17 to West on 16, Left on Roberts Dr to Right on Jeri Rd. Home is straight ahead in cul-de-sac.
Public Remarks: MAJOR PRICE REDUCTION - PRICED BELOW MARKET VALUE! Don't miss this exceptional opportunity in highly sought-after Green Cove Springs! Situated on a quiet cul-de-sac with NO HOA, this 3-bedroom, 1.5-bath home offers a fully vinyl-fenced backyard with plenty of privacy and space for entertaining, relaxing, pets, or play. Recent updates include luxury vinyl plank flooring in all bedrooms, new tile flooring in the laundry and flex rooms, and a new roof installed in 2022. The versatile floor plan features additional flex space, perfect for a home office, fitness area, hobby room, or playroom. Whether you're a first-time buyer, downsizing, or looking for an investment property, this home offers a great combination of location, recent improvements, and potential to make it your own.Significantly reduced and priced for a quick sale! Schedule your showing today and bring your offers!
List Price/SqFt: 148.51

Property Features

Architectural Style: Ranch Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Electric Cooktop; Electric Range Flooring: Luxury Vinyl; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Construction Materials: Block Roof: Shingle Parking Features: Other Lot Features: Cul-De-Sac Fencing: Back Yard; Vinyl Current Use: Residential; Single Family Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-06-04

Location Tax and Legal

Street Number: 461
Street Name: MELROSE
Street Suffix: Court
County: Clay
State: FL
Postal Code: 32043
MLS Area Major: 161-Green Cove Springs
Subdivision Name: Green Cove Heights

Status Change Information

Major Change Timestamp: 2026-11-14T22:54:29Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-11-14T22:54:29Z

DPR Eligible

DPR Eligible: Yes

More Information

Documents

Seller Disclosure ›

Flood Disclosure ›

Listing Office: EXIT MAGNOLIA POINT REALTY

Last Updated: November - 14 - 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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