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.

4935 ISLAMORADA Lane 207, Jacksonville, FL 32256 (MLS# 2171004)

4935 ISLAMORADA Lane 207, Jacksonville, FL 32256

$1,595

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

Current Price: $1,595 List Date: 10/27/2026 Last Modified: 10/27/2026

Overview

Description

Beautifully updated 3 bed 2 bath condo in the gated community of Summerkey. The home has an updated kitchen with stainless steel appliances, granite countertops, and a beautiful backsplash. No carpets throughout the house and washer and dryer in the home. You are also centrally located with easy access to I-95 and Butler and minutes away from the beach, St. John town center, Accession St. Vincent. WATER IS INCLUDED!!!

Listing Details MLS# 2171004

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Unit Type: Studio
Living Area: 1145
Living Area Source: Public Records
Year Built: 2007
Association YN: Yes
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 3
Stories Total: 3
Entry Level: 2
Senior Community YN: No
Directions: From JTB, take Southside Blvd south, right on AC Skinner Pkwy, left on Sunset Marina, left on Green Parrot, then right on Islamorada
Public Remarks: Beautifully updated 3 bed 2 bath condo in the gated community of Summerkey. The home has an updated kitchen with stainless steel appliances, granite countertops, and a beautiful backsplash. No carpets throughout the house and washer and dryer in the home. You are also centrally located with easy access to I-95 and Butler and minutes away from the beach, St. John town center, Accession St. Vincent. WATER IS INCLUDED!!!
List Price/SqFt: 1.39

Property Features

Additional Lease Terms: 12 Months Owner Pays: Association Fees Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Entrance Foyer; Split Bedrooms; Walk-In Closet(s) Laundry Features: In Unit Association Amenities: Community Pool; Gated Water Source: Public Parking Features: Assigned Sewer: Public Sewer Utilities: Cable Available; Electricity Available Cooling: Central Air Heating: Central Road Surface Type: Asphalt Tenant Pays: All Utilities Pets Allowed: Yes

Contract Information

RentEdge Syndication Y/N: Yes
Property Sub Type: Condominium
Listing Contract Date: 2026-10-24
Lease Term: 12 Months
Availability Date: 2026-11-23

Location Tax and Legal

Street Number: 4935
Street Name: ISLAMORADA
Street Suffix: Lane
State: FL
County: Duval
Postal Code: 32256
MLS Area Major: 024-Baymeadows/Deerwood
Subdivision Name: Summer Key Condos

Status Change Information

Major Change Timestamp: 2026-10-27T02:27:16Z
Major Change Type: New Listing

Deposits and Fees

Additional Fee: 150
Application Fee: 50
Association Application Fee: 150
Pet Fee/Deposit: 350
Security Deposit: 1595

More Information

Listing Office: AIM REALTY OF JACKSONVILLE

Last Updated: October - 27 - 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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