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.

4647 POLARIS Street, Jacksonville, FL 32205 (MLS# 2166220)

4647 POLARIS Street, Jacksonville, FL 32205

$399,000

Virtual Tour

https://www.zillow.com/view-3d-home/d07f1d9f-beb1-44a5-bc47-9ba85c6cdc89

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,786 Lot Size (sq. ft.): 11,761 Status: Active

Current Price: $399,000 List Date: 9/23/2026 Last Modified: 10/23/2026

Overview

Description

$3,000 BUYER CLOSING COST CREDIT OR RATE BUY-DOWN! This fully renovated home comes with a BRAND NEW ROOF (2026), OVERSIZED LOT + DETACHED GUEST HOUSE! Situated on a spacious oversized double lot, this unique property features a 2,319 sqft in main home with 3 bedrooms and 2 full bathrooms, plus a fully finished detached 2-bedroom GUEST HOUSE with its own full kitchen and bathroom. The main home offers a beautiful fireplace, generous living space. With 5 total bedrooms, 3 full bathrooms, two separate living spaces, and an oversized lot, this property offers exceptional flexibility for extended family, guests, a home office, or additional living quarters.

Supplements: The detached GUEST HOUSE is what really makes this property stand out. Located just steps from the main residence, it provides a completely separate finished living space with 2 bedrooms, a full bathroom, and its own kitchen, giving buyers options that are difficult to find in a traditional single-family home. The oversized double lot provides plen ... (Read more)

Listing Details MLS# 2166220

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2319
Living Area Source: Appraiser
Building Area Total: 2786
Year Built: 1929
Accessory Dwelling Unit Y/N: Yes
Homestead YN: No
Lot Size Acres: 0.27
Lot Size Dimensions: 101 x 115
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
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Directions: From I-10, take the Cassat Ave exit and head south on Cassat Ave. Turn left on Post St, then left on Hamilton St, and left on Polaris St. Continue to 4647 Polaris St.
Public Remarks: $3,000 BUYER CLOSING COST CREDIT OR RATE BUY-DOWN! This fully renovated home comes with a BRAND NEW ROOF (2026), OVERSIZED LOT + DETACHED GUEST HOUSE! Situated on a spacious oversized double lot, this unique property features a 2,319 sqft in main home with 3 bedrooms and 2 full bathrooms, plus a fully finished detached 2-bedroom GUEST HOUSE with its own full kitchen and bathroom. The main home offers a beautiful fireplace, generous living space. With 5 total bedrooms, 3 full bathrooms, two separate living spaces, and an oversized lot, this property offers exceptional flexibility for extended family, guests, a home office, or additional living quarters.
List Price/SqFt: 172.06

Property Features

Architectural Style: Ranch Levels: One Accessory Dwelling Information: Other Property Condition: Updated/Remodeled Rental Restrictions: No Minimum Appliances: Dishwasher; Electric Cooktop; Electric Water Heater; Washer Fireplace Features: Electric Interior Features: Breakfast Bar; Built-in Features; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Luxury Vinyl Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Other Structures: Guest House; Shed(s); Workshop; Other Roof: Shingle Parking Features: Additional Parking; Guest; RV Access/Parking Current Use: Single Family Road Frontage Type: City Street 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: 2026-09-23

Location Tax and Legal

Street Number: 4647
Street Name: POLARIS
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 051-Murray Hill
Subdivision Name: Murray Hill

Status Change Information

Major Change Timestamp: 2026-10-23T00:15:27Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-23T00:15:27Z

Accessory Dwelling Information

Dwelling Type: Apartment
ADU Attached Y/N: No
Bathrooms: Yes

More Information

Fireplace Features

Fireplaces Total: Yes

DPR Eligible

DPR Eligible: Yes

Listing Office: REAL BROKER LLC

Last Updated: October - 23 - 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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