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.

4957 FROST LAKE Drive, Jacksonville, FL 32258 (MLS# 2171446)

4957 FROST LAKE Drive, Jacksonville, FL 32258

$415,000

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Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,951 Lot Size (sq. ft.): 11,326 Status: Active

Current Price: $415,000 List Date: 10/29/2026 Last Modified: 10/29/2026

Overview

Description

Gorgeous executive 4 bedroom 2 bath full stucco ranch, features include:New ac unit inside and out a yr ago. Roof 10 yrs, large culdesac lot, maintenance free exterior, custom paint, crown molding, vaulted ceilings, formal dining room, bow bay breakfast area, gas fireplace, indoor laundry-room. Walk in pantry. Primary bathroom has garden tub and walk in shower includes double vanities in the primary bath. This home is on a culdesac and has a fabulous backyard !

Supplements: Easy to show owner works from home must have an apt

Listing Details MLS# 2171446

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1951
Living Area Source: Assessor
Year Built: 1998
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.26
Association YN: Yes
Association Fee: 340
Association Fee Frequency: Annually
Association Name: Arbor Oaks
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: I-295 exit Old St. Augustine Rd, go south, left on Collins Creek, left on Bolles Lake Dr, right on Frost Lake Dr to the property on the culdesac on the left.
Public Remarks: Gorgeous executive 4 bedroom 2 bath full stucco ranch, features include:New ac unit inside and out a yr ago. Roof 10 yrs, large culdesac lot, maintenance free exterior, custom paint, crown molding, vaulted ceilings, formal dining room, bow bay breakfast area, gas fireplace, indoor laundry-room. Walk in pantry. Primary bathroom has garden tub and walk in shower includes double vanities in the primary bath. This home is on a culdesac and has a fabulous backyard !
List Price/SqFt: 212.71

Property Features

Architectural Style: Traditional Levels: One Property Condition: Updated/Remodeled Rental Restrictions: No Minimum Appliances: Dishwasher; Disposal; Electric Oven; Electric Range; Electric Water Heater; Microwave Fireplace Features: Gas Interior Features: Breakfast Nook; Eat-in Kitchen; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup Utilities: Cable Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Patio And Porch Features: Rear Porch Roof: Shingle Parking Features: Additional Parking Lot Features: Cul-De-Sac Fencing: Back Yard Current Use: Residential; Single Family Association Amenities: Playground Association Fee Includes: Other Community Features: Sidewalks Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-29

Location Tax and Legal

Street Number: 4957
Street Name: FROST LAKE
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32258
MLS Area Major: 014-Mandarin
Subdivision Name: Sweetwater Ridge

Status Change Information

Major Change Timestamp: 2026-10-29T18:21:38Z
Major Change Type: New Listing

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: Yes

Documents

Frost Lake sellers disclosure ›

Frost Lake HOA ›

flood disclosure & Hoa dues ›

Arbor Oak bylaws for Frost Lake ›

Listing Office: BASS PROFESSIONAL REALTY, INC

Last Updated: October - 29 - 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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