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.

502 HOPEWELL Drive, Orange Park, FL 32073 (MLS# 1053104)

502 HOPEWELL Drive, Orange Park, FL 32073

$170,500

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,760 Status: Closed

Current Price: $170,500 List Date: 5/13/2020 Last Modified: 9/30/2026

Overview

Description

This is a spacious 3 bed 2 1/2 bath townhouse in great condition. Built in 2013 and it still looks new! Split floor plan with the owners suite located on the first floor and 2nd and 3rd bedroom upstairs. The home has a separate laundry room with plenty of storage and loft that can be converted into a game room. Additionally this townhouse features tile floors in the living areas, granite counter tops, a finished 2 car garage, and well maintained water softener. All appliances convey! This one is definitely one worth checking out!

Listing Details MLS# 1053104

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1760
Living Area Source: Public Records
Year Built: 2013
Association YN: Yes
Association Fee: 165
Association Fee Frequency: Monthly
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: Take exit 37 to merge onto Argyle Forest Blvd Keep right to stay on Argyle Forest Blvd Follow Staples Mill Dr and Cheswick Oak Ave to Hopewell Dr in Clay County Turn right onto Hopewell Dr
Public Remarks: This is a spacious 3 bed 2 1/2 bath townhouse in great condition. Built in 2013 and it still looks new! Split floor plan with the owners suite located on the first floor and 2nd and 3rd bedroom upstairs. The home has a separate laundry room with plenty of storage and loft that can be converted into a game room. Additionally this townhouse features tile floors in the living areas, granite counter tops, a finished 2 car garage, and well maintained water softener. All appliances convey! This one is definitely one worth checking out!
List Price/SqFt: 96.59
Sold Price/SqFt: 96.88

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Appliances: Disposal; Dryer; Electric Range; Electric Water Heater; Refrigerator; Washer Interior Features: Breakfast Bar; Eat-in Kitchen; Pantry; Primary Bathroom - Shower No Tub; Split Bedrooms Flooring: Carpet; Vinyl Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Security Features: Security System Owned; Smoke Detector(s) Construction Materials: Frame; Stucco Pool Features: None Roof: Shingle Parking Features: Garage Door Opener Current Use: Residential Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2020-05-12
Unit Type: Loft

Location Tax and Legal

Street Number: 502
Street Name: HOPEWELL
Street Suffix: Drive
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 139-Oakleaf/Orange Park/NW Clay County
Subdivision Name: Plantation Village

Status Change Information

Major Change Timestamp: 2023-11-17T18:17:33Z
Major Change Type: Price Reduced
Price Change Timestamp: 2020-06-30T07:24:54Z
Purchase Contract Date: 2020-07-01
Close Date: 2020-08-07
Close Price: 170500

Historical Information

Public Historical Remarks 1: Mandatory Fees: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Split Level: Y

More Information

Room Information

Room Name
Living Room

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: September - 30 - 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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