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.

505 MONTY Lane, Jacksonville, FL 32225 (MLS# 2156502)

505 MONTY Lane, Jacksonville, FL 32225

$65,000

Property Type: Land Lot Size (sq. ft.): 14,810 Status: Closed

Current Price: $65,000 List Date: 7/22/2026 Last Modified: 11/02/2026

Overview

Description

Ready for your custom built home on this .33-acre lot just off of St. Johns Bluff Blvd. Mobile home is a tear down & no access to the home is permitted. **Professional drone photos coming soon!

Listing Details MLS# 2156502

General Property Information

Number Of Lots: Yes
Lot Size Acres: 0.34
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Senior Community YN: No
Directions: From I-295 N or S, take Atlantic Blvd/10W; Turn right onto Brookview Dr N; Turn right onto Cathy Rd; Turn right onto Monty Ln & property will be on the left
Public Remarks: Ready for your custom built home on this .33-acre lot just off of St. Johns Bluff Blvd. Mobile home is a tear down & no access to the home is permitted. **Professional drone photos coming soon!
List Price/Acre: 264411.76
Sold Price/Acre: 191176.47

Property Features

Current Use: Residential; Single Family Lot Features: Cleared; Few Trees Sewer: Septic Tank Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Water Source: Well Other Structures: Other Road Surface Type: Paved Road Frontage Type: City Street Listing Terms: Cash; Conventional Possession: Close Of Escrow Development Status: Completed; Finished Lot(s)

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2026-07-22

Location Tax and Legal

Street Number: 505
Street Name: MONTY
Street Suffix: Lane
County: Duval
State: FL
Postal Code: 32225
MLS Area Major: 042-Ft Caroline
Subdivision Name: Atlantic Blvd Estate

Status Change Information

Major Change Timestamp: 2026-11-02T12:44:40Z
Major Change Type: Status Change
Purchase Contract Date: 2026-07-23
Close Date: 2026-10-28
Close Price: 65000

More Information

Listing Office: WATSON REALTY CORP

Last Updated: November - 02 - 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.