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.

4940 ORTEGA HILLS Drive, Jacksonville, FL 32244 (MLS# 2170851)

4940 ORTEGA HILLS Drive, Jacksonville, FL 32244

$1,975

Property Type: Residential Lease Bedrooms: 3 Baths: 1 Square Footage: 924 Lot Size (sq. ft.): 19,602 Status: Active

Current Price: $1,975 List Date: 10/25/2026 Last Modified: 11/03/2026

Overview

Description

3 Bedrooms | 1 Bathroom Fully renovated home with luxury finishes Brand-new luxury kitchen Newly renovated bathroom Spacious living room with plenty of room to relax Generously sized bedrooms Built-in wardrobe for convenient storage Large screened-in back patio, perfect for relaxing outdoors Large, spacious, fully fenced backyard offering added privacy and outdoor space Prime Location: Located in the Ortega Hills neighborhood of Jacksonville, Florida Conveniently located right next to NAS Jacksonville Naval Air Station Less than a 5-minute drive to the base Ideal location for military personnel, professionals, and anyone looking for convenient access to NAS Jax Rental Details: Monthly Rent: $2,300 Short-term and long-term lease options available Important Note: Listing photos are AI-staged and may not reflect the home's furnishings or decor. Please read the full listing before reaching out. Serious inquiries only.

Listing Details MLS# 2170851

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 924
Living Area Source: Public Records
Year Built: 1955
Lot Size Acres: 0.45
Association YN: No
Accessibility Features YN: No
Garage YN: No
Carport YN: Yes
Carport Spaces: Yes
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Stories Total: Yes
Senior Community YN: No
Directions: From I-295 take US 17North. Continue north towards NAS Jacksonville. Turn left onto Ortega Hills Dr. continue to 4940 Ortega Hills Drive. Property will be on the left.
Public Remarks: 3 Bedrooms | 1 Bathroom Fully renovated home with luxury finishes Brand-new luxury kitchen Newly renovated bathroom Spacious living room with plenty of room to relax Generously sized bedrooms Built-in wardrobe for convenient storage Large screened-in back patio, perfect for relaxing outdoors Large, spacious, fully fenced backyard offering added privacy and outdoor space Prime Location: Located in the Ortega Hills neighborhood of Jacksonville, Florida Conveniently located right next to NAS Jacksonville Naval Air Station Less than a 5-minute drive to the base Ideal location for military personnel, professionals, and anyone looking for convenient access to NAS Jax Rental Details: Monthly Rent: $2,300 Short-term and long-term lease options available Important Note: Listing photos are AI-staged and may not reflect the home's furnishings or decor. Please read the full listing before reaching out. Serious inquiries only.
List Price/SqFt: 2.14

Property Features

Additional Lease Terms: 6 Months; 12 Months; Negotiable Levels: One Appliances: Dishwasher; Electric Oven; Freezer; Refrigerator Patio And Porch Features: Patio; Screened Water Source: Public Parking Features: Attached Carport Sewer: Public Sewer Utilities: Cable Available; Electricity Available Cooling: Central Air Heating: Central Tenant Pays: All Utilities Pets Allowed: No

Contract Information

Rental Service: None
RentEdge Syndication Y/N: Yes
Property Sub Type: Single Family Residence
Listing Contract Date: 2026-10-25
Lease Term: Negotiable
Availability Date: 2026-10-25

Location Tax and Legal

Street Number: 4940
Street Name: ORTEGA HILLS
Street Suffix: Drive
State: FL
County: Duval
Postal Code: 32244
MLS Area Major: 056-Yukon/Wesconnett/oak Hill
Subdivision Name: Ortega Hills

Status Change Information

Major Change Timestamp: 2026-11-03T21:39:01Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-11-03T21:39:01Z

Deposits and Fees

Application Fee: 50
Security Deposit: 2300

More Information

Listing Office: HERRON REAL ESTATE LLC

Last Updated: November - 03 - 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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