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.

4736 BANKHEAD Avenue, Jacksonville, FL 32207 (MLS# 865869)

4736 BANKHEAD Avenue, Jacksonville, FL 32207

$158,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 1,685 Status: Closed

Current Price: $158,000 List Date: 2/06/2017 Last Modified: 11/04/2026

Overview

Description

4 Bedroom 2.5 Bathroom Home on the Southside. Concrete Block. Enough space in the backyard for your boat, kids play set, storage shed, outdoor barbecue area, and to add a pool! Fully fenced yard. Updated kitchen and bathrooms. Spacious bonus room (or 4th bedroom) with plenty of space to host the whole family. Tastefully decorated and neutral colors throughout. Will not last long in today's market. Call today to schedule a showing.

Listing Details MLS# 865869

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1685
Living Area Source: Public Records
Year Built: 1958
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Directions: From Phillips Hwy go east on University Blvd, to north on Richard St to left on Bankhead Ave.
Public Remarks: 4 Bedroom 2.5 Bathroom Home on the Southside. Concrete Block. Enough space in the backyard for your boat, kids play set, storage shed, outdoor barbecue area, and to add a pool! Fully fenced yard. Updated kitchen and bathrooms. Spacious bonus room (or 4th bedroom) with plenty of space to host the whole family. Tastefully decorated and neutral colors throughout. Will not last long in today's market. Call today to schedule a showing.
List Price/SqFt: 91.99
Sold Price/SqFt: 93.77

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Ranch Appliances: Dishwasher; Electric Range; Electric Water Heater; Refrigerator Interior Features: Primary Bathroom - Shower No Tub Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Concrete Other Structures: Shed(s) Patio And Porch Features: Front Porch; Patio Pool Features: None Roof: Other Parking Features: Other Fencing: Back Yard; Fenced; Wood; Other Current Use: Residential; Single Family Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2017-02-06

Location Tax and Legal

Street Number: 4736
Street Name: BANKHEAD
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32207
MLS Area Major: 021-St Nicholas Area
Subdivision Name: Southland

Status Change Information

Major Change Timestamp: 2017-03-14T18:42:09Z
Major Change Type: Status Change
Purchase Contract Date: 2017-02-28
Close Date: 2017-03-10
Close Price: 158000

Historical Information

Public Historical Remarks 2: Energy Features-Ceiling Fan(s): Y, Dining-Living/Dining Combo: Y

More Information

Room Information

Room Name
Utility Room

Listing Office: ERA HEAVENER REALTY

Last Updated: November - 04 - 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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