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.

4908 KEY LIME Drive 207, Jacksonville, FL 32256 (MLS# 2165849)

4908 KEY LIME Drive 207, Jacksonville, FL 32256

$164,990

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,145 Status: Active

Current Price: $164,990 List Date: 9/21/2026 Last Modified: 11/04/2026

Overview

Description

Beautifully Updated Jacksonville Condo! This inviting 3-bedroom, 2-bathroom condominium offers 1,145 sq. ft. of comfortable living space with a clean, modern feel. Enjoy laminate flooring throughout with no carpet, creating a sleek look and easy-care lifestyle. Both bathrooms have been thoughtfully updated, featuring renovated showers with stylish glass doors and panels. The newer washer and dryer, less than two years old, add everyday convenience. The functional 3-bedroom layout provides plenty of flexibility for comfortable living, guests, or a home office. Residents also enjoy access to a community Fitness Center. With its attractive updates, modern finishes, and convenient amenities, this Jacksonville condo offers an excellent opportunity to enjoy low-maintenance living in a welcoming community. Schedule your showing today!

Listing Details MLS# 2165849

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1145
Living Area Source: Appraiser
Year Built: 2012
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: Yes
Association Fee: 296
Association Fee Frequency: Monthly
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
Stories Total: 3
Senior Community YN: No
Directions: Take Butler Blvd east, exit on Southside Blvd South, turn right on AC Skinner, Summer Key on the left side of the road
Public Remarks: Beautifully Updated Jacksonville Condo! This inviting 3-bedroom, 2-bathroom condominium offers 1,145 sq. ft. of comfortable living space with a clean, modern feel. Enjoy laminate flooring throughout with no carpet, creating a sleek look and easy-care lifestyle. Both bathrooms have been thoughtfully updated, featuring renovated showers with stylish glass doors and panels. The newer washer and dryer, less than two years old, add everyday convenience. The functional 3-bedroom layout provides plenty of flexibility for comfortable living, guests, or a home office. Residents also enjoy access to a community Fitness Center. With its attractive updates, modern finishes, and convenient amenities, this Jacksonville condo offers an excellent opportunity to enjoy low-maintenance living in a welcoming community. Schedule your showing today!
List Price/SqFt: 144.1

Property Features

Appliances: Dishwasher; Dryer; Refrigerator; Washer Flooring: Laminate Laundry Features: In Unit Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Electric Water Source: Public Parking Features: Assigned Current Use: Residential Association Amenities: Fitness Center Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2026-09-21
Unit Type: Interior Unit

Location Tax and Legal

Street Number: 4908
Street Name: KEY LIME
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32256
MLS Area Major: 024-Baymeadows/Deerwood
Subdivision Name: Summer Key Condos

Status Change Information

Major Change Timestamp: 2026-11-04T12:46:13Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-11-04T12:46:13Z

DPR Eligible

DPR Eligible: Yes

More Information

Documents

Seller's Property Disclosure ›

Flood Disclosure ›

Listing Office: LA ROSA REALTY NORTH FLORIDA, LLC.

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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