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.

4919 ORMEWOOD Avenue, Jacksonville, FL 32207 (MLS# 760850)

4919 ORMEWOOD Avenue, Jacksonville, FL 32207

$87,900

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,127 Status: Closed

Current Price: $87,900 List Date: 9/03/2015 Last Modified: 11/04/2026

Overview

Description

**New Price** on this charming 3 bedroom, 2 full bath home at the end of the street with lots of privacy. Newer kitchen with granite tile countertops. Fresh paint & newer neutral carpet. Guest Bathroom has a new vanity & sink. Master bath has been renovated--new shower pan, new tile in shower & floor. House completely re-plumbed. Nice utility room with space for washer & dryer. Loads of storage & Large backyard is fenced.

Listing Details MLS# 760850

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1127
Living Area Source: Public Records
Year Built: 1957
Lot Size Dimensions: .18
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Carport Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From Uniniverstiy Blvd & Richard Rd--go north on Richard. Take right on Bankhead, follow to the end--take a left & house is at the end of the street.
Public Remarks: **New Price** on this charming 3 bedroom, 2 full bath home at the end of the street with lots of privacy. Newer kitchen with granite tile countertops. Fresh paint & newer neutral carpet. Guest Bathroom has a new vanity & sink. Master bath has been renovated--new shower pan, new tile in shower & floor. House completely re-plumbed. Nice utility room with space for washer & dryer. Loads of storage & Large backyard is fenced.
List Price/SqFt: 85.09
Sold Price/SqFt: 77.99

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Ranch Appliances: Electric Range; Electric Water Heater; Refrigerator Interior Features: Primary Bathroom - Shower No Tub Flooring: Carpet; Concrete; Laminate; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Other Cooling: Central Air; Electric Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Concrete Patio And Porch Features: Front Porch Pool Features: None Fencing: Back Yard; Chain Link; Fenced; Wood; Other Current Use: Residential 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: 2015-03-05

Location Tax and Legal

Street Number: 4919
Street Name: ORMEWOOD
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: 2023-11-13T21:47:19Z
Major Change Type: Price Reduced
Price Change Timestamp: 2016-03-24T16:14:55Z
Purchase Contract Date: 2016-04-16
Close Date: 2016-05-20
Close Price: 87900

Historical Information

Public Historical Remarks 1: Interior Amenities-Window Treatment(s): Y, Suburban Lot Location: Y
Public Historical Remarks 2: Dining-Living/Dining Combo: Y, Interior Amenities-Picture Window(s): Y, Structure Slab: Y
Public Historical Remarks 3: Occupant Type: Vacant -Lockbox, See ShowingAssist, Back-Ups Accepted

More Information

Documents

Ormewood Sellers Disclosure ›

Listing Office: KELLER WILLIAMS JACKSONVILLE

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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