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.

478 LOMBARD Street, Orange Park, FL 32073 (MLS# 2005866)

478 LOMBARD Street, Orange Park, FL 32073

$475,000

Property Type: Residential Income Square Footage: 3,686 Lot Size (sq. ft.): 14,375 Status: Closed

Current Price: $475,000 List Date: 1/29/2024 Last Modified: 10/12/2026

Overview

Description

Don't miss this opportunity to purchase this Meadowbrook quadplex. Be the owner of this beautiful investment, located less than a mile away from the Orange Park mall, Red Lobster, and planet fitness. The upstair balcony allows for a great view of the neighborhood. Each unit has a similar design with custom features, and washer and dryer hookup.

Listing Details MLS# 2005866

General Property Information

Living Area: 3686
New Construction YN: No
Year Built: 1981
Garage YN: No
Carport YN: No
Lot Size Acres: 0.33
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Directions: Head south on Blanding Blvd/State Rd 21 S Turn right onto Meadowbrook Dr Turn right onto Lombard St
Public Remarks: Don't miss this opportunity to purchase this Meadowbrook quadplex. Be the owner of this beautiful investment, located less than a mile away from the Orange Park mall, Red Lobster, and planet fitness. The upstair balcony allows for a great view of the neighborhood. Each unit has a similar design with custom features, and washer and dryer hookup.
List Price/SqFt: 128.87
Sold Price/SqFt: 128.87

Property Features

Appliances: Dishwasher; Electric Oven; Refrigerator; Washer Construction Materials: Frame; Other Cooling: Central Air; Multi Units; Separate Meters Current Use: Residential Financial Data Source: Owner Flooring: Carpet; Laminate; Tile Heating: Central; Electric; Individual Income Includes: Rent Only Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Two Listing Terms: Cash; Conventional Lot Features: Corner Lot Owner Pays: HVAC Maintenance; Pest Control; Repairs; Taxes; Trash Collection Parking Features: Parking Lot Pool Features: None Possession: Close Of Escrow Tenant Pays: All Utilities Utilities: Separate Electric Meters; Separate Water Meters Water Source: Public

Contract Information

Listing Contract Date: 2024-01-29
Property Sub Type: Quadruplex

Location Tax and Legal

Street Number: 478
Street Name: LOMBARD
Street Suffix: Street
County: Clay
State: FL
Postal Code: 32073
Subdivision Name: Cedar Bend
MLS Area Major: 131-Meadowbrook/Loch Rane

Status Change Information

Major Change Timestamp: 2024-04-03T18:47:16Z
Major Change Type: Status Change
Purchase Contract Date: 2024-02-02
Close Date: 2024-03-29
Close Price: 475000

More Information

Listing Office: UNITED REAL ESTATE GALLERY

Last Updated: October - 12 - 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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