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.

5006 KEY LIME Drive 106, Jacksonville, FL 32256 (MLS# 2070119)

5006 KEY LIME Drive 106, Jacksonville, FL 32256

$1,450

Property Type: Residential Lease Bedrooms: 2 Baths: 2 Square Footage: 1,158 Status: Closed

Current Price: $1,450 List Date: 2/13/2025 Last Modified: 11/04/2026

Overview

Description

Fantastic 2/2 First floor condo unit. NEW LVP Floor no carpet. Screened Lanai. BIGGEST FLOOR PLAN in the community. The kitchen equipped with stainless appliances. Located in a highly desirable location. Summer Key also boasts a 7,400 square foot recreation center full of exceptional amenities including an indoor basketball court, playground, resort style pool and hot tub, fitness center, entertainment room, internet work center, and billiards room. Easy access to I-95, I-295, excellent shopping, Beaches, Hospitals like Mayo clinic and many more.

Listing Details MLS# 2070119

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1158
Living Area Source: Appraiser
Year Built: 2008
Association YN: No
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 J Turner Butler Blvd take Southside Blvd south approximately .5 mile and turn right onto AC Skinner Pkwy. Continue ahead approximately .9 mile to Summer Key on the left.
Public Remarks: Fantastic 2/2 First floor condo unit. NEW LVP Floor no carpet. Screened Lanai. BIGGEST FLOOR PLAN in the community. The kitchen equipped with stainless appliances. Located in a highly desirable location. Summer Key also boasts a 7,400 square foot recreation center full of exceptional amenities including an indoor basketball court, playground, resort style pool and hot tub, fitness center, entertainment room, internet work center, and billiards room. Easy access to I-95, I-295, excellent shopping, Beaches, Hospitals like Mayo clinic and many more.
List Price/SqFt: 1.34
Sold Price/SqFt: 1.25

Property Features

Additional Lease Terms: 12 Months Architectural Style: Traditional Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Interior Features: Pantry; Primary Bathroom - Tub with Shower; Split Bedrooms; Walk-In Closet(s) Laundry Features: Upper Level Patio And Porch Features: Porch Association Amenities: Community Pool; Fitness Center; Playground; Trash Water Source: Public Parking Features: Assigned; Guest Utilities: Other Cooling: Central Air Heating: Central Road Surface Type: Asphalt Additional Fee Includes: Lease Prep Tenant Pays: Electricity; Sewer; Trash Collection; Water Pets Allowed: No

Contract Information

Rental Service: RentSpree
Rental Application URL: https://apply.link/bLuWd3o
Property Sub Type: Condominium
Property Attached YN: No
Listing Contract Date: 2025-02-12
Lease Term: 12 Months
Availability Date: 2024-03-01

Location Tax and Legal

Street Number: 5006
Street Name: KEY LIME
Street Suffix: Drive
State: FL
County: Duval
Postal Code: 32256
MLS Area Major: 024-Baymeadows/Deerwood
Subdivision Name: Summer Key Condos

Status Change Information

Major Change Timestamp: 2025-05-29T20:38:44Z
Major Change Type: Status Change
Price Change Timestamp: 2025-02-13T16:36:27Z
Purchase Contract Date: 2025-04-01
Close Date: 2025-05-19
Close Price: 1450

Deposits and Fees

Additional Fee: 75
Application Fee: 45
Security Deposit: 1400

More Information

Historical Information

Public Historical Remarks 1: Water - Public: Y, Assoc Appl Fee: N, Tenant Pays All Utilities: Y, Roof: Shingle, Wall-to-Wall Carpet: Y, LeasePrepFeeTenant: $75, Club Amenities-Game Room: Y
Public Historical Remarks 2: Occupancy: Call Office, Sewer - Public: Y, Parcel Size: Less than .25 acre, Exterior Wall: Stucco Front, Dining-Living/Dining Combo: Y
Public Historical Remarks 3: Date Available: 10-01-2022

Listing Office: VSP REALTY & PROPERTY MANAGEMENT

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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