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.

469 MADEIRA Drive, Orange Park, FL 32073 (MLS# 1237915)

469 MADEIRA Drive, Orange Park, FL 32073

$212,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,110 Status: Closed

Current Price: $212,000 List Date: 7/18/2023 Last Modified: 4/30/2026

Overview

Description

Charming 3-bedroom, 2-bathroom block home nestled in highly sought-after Clay County. Perfectly situated on a spacious corner lot, this property offers a fully fenced backyard. Step inside and be greeted by the inviting ambiance created by brand new luxury vinyl plank (LVP) flooring and plush carpeting that extends throughout the home. The fresh paint enhances the interior's brightness, creating a welcoming atmosphere for residents and guests alike. With a durable metal roof and an updated AC system, kitchen, and bathrooms; this house is ready for your family. This home is ideally located within walking distance of the elementary school. Don't miss the opportunity to make this charming property your own. ((( ** $3000 closing cost concession with full price offer; to be used towards closing costs, improvements, or rate buy down. ** )))

Listing Details MLS# 1237915

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1110
Living Area Source: Public Records
Year Built: 1963
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: Coming from I-295, Head South on Blanding Blvd. Turn Left onto Edson Dr. Turn Right on Madeira Dr.
Public Remarks: Charming 3-bedroom, 2-bathroom block home nestled in highly sought-after Clay County. Perfectly situated on a spacious corner lot, this property offers a fully fenced backyard. Step inside and be greeted by the inviting ambiance created by brand new luxury vinyl plank (LVP) flooring and plush carpeting that extends throughout the home. The fresh paint enhances the interior's brightness, creating a welcoming atmosphere for residents and guests alike. With a durable metal roof and an updated AC system, kitchen, and bathrooms; this house is ready for your family. This home is ideally located within walking distance of the elementary school. Don't miss the opportunity to make this charming property your own. ((( ** $3000 closing cost concession with full price offer; to be used towards closing costs, improvements, or rate buy down. ** )))
List Price/SqFt: 200.81
Sold Price/SqFt: 190.99

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Ranch Appliances: Electric Range; Electric Water Heater; Refrigerator Interior Features: Primary Bathroom - Shower No Tub; Primary Downstairs Flooring: Carpet; Vinyl Utilities: Electricity Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Block; Frame Pool Features: None Roof: Metal Parking Features: On Street Lot Features: Corner Lot Fencing: Back Yard Current Use: Residential; Single Family Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Inspection Room Types: Utility Room

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2023-07-17

Location Tax and Legal

Street Number: 469
Street Name: MADEIRA
Street Suffix: Drive
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 132-Bellair/Grove Park
Subdivision Name: Belair

Status Change Information

Major Change Timestamp: 2024-03-05T00:47:46Z
Major Change Type: Status Change
Price Change Timestamp: 2024-01-20T14:06:29Z
Purchase Contract Date: 2024-02-03
Close Date: 2024-02-29
Close Price: 212000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 3: Unit Type: Ranch, Ground Level

Room Information

Room Name
Utility Room

Listing Office: UNITED REAL ESTATE GALLERY

Last Updated: April - 30 - 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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