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.

503 W 16TH Street, Jacksonville, FL 32206 (MLS# 2172710)

503 W 16TH Street, Jacksonville, FL 32206

$1,375

Property Type: Residential Lease Bedrooms: 3 Baths: 2 Square Footage: 1,216 Lot Size (sq. ft.): 4,792 Status: Active

Current Price: $1,375 List Date: 11/06/2026 Last Modified: 11/14/2026

Overview

Description

Move-in ready—just bring your toothbrush! This thoughtfully renovated four-bedroom, 1.5-bath single-family home offers 1,216 square feet of finished living space and a spacious yard. Recent improvements include a brand-new roof and kitchen, along with updated showers and new flooring throughout. This home is ready for its new owner to move right in and enjoy!

Supplements: This property is also listed for sale, MLS 2173851

Listing Details MLS# 2172710

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Half: Yes
Bathrooms Total: 2
Living Area: 1216
Living Area Source: Appraiser
Year Built: 1958
Accessory Dwelling Unit Y/N: No
Lot Size Acres: 0.11
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 Total: Yes
Senior Community YN: No
Directions: From I-95 North: Take Exit 353B toward 8th St/Golfair Blvd. Turn right onto E 8th St. Turn left onto N Myrtle Ave. Turn right onto W 16th St
Public Remarks: Move-in ready—just bring your toothbrush! This thoughtfully renovated four-bedroom, 1.5-bath single-family home offers 1,216 square feet of finished living space and a spacious yard. Recent improvements include a brand-new roof and kitchen, along with updated showers and new flooring throughout. This home is ready for its new owner to move right in and enjoy!
List Price/SqFt: 1.13

Property Features

Appliances: Electric Range; Refrigerator Laundry Features: Electric Dryer Hookup; Washer Hookup Water Source: Public Parking Features: Other Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Additional Fee Includes: Lease Prep

Contract Information

Rental Service: None
Property Sub Type: Single Family Residence
Listing Contract Date: 2026-11-06
Lease Term: Negotiable

Location Tax and Legal

Street Number: 503
Street Direction Prefix: W
Street Name: 16TH
Street Suffix: Street
State: FL
County: Duval
Postal Code: 32206
MLS Area Major: 076-Downtown Jacksonville-Eastside
Subdivision Name: North Springfield Heights

Status Change Information

Major Change Timestamp: 2026-11-06T20:59:50Z
Major Change Type: New Listing

Deposits and Fees

Additional Fee: 125
Application Fee: 49.99
Pet Fee/Deposit: 300
Security Deposit: 1375

More Information

Listing Office: PINNACLE REALTY

Last Updated: November - 14 - 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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