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.

5050 PLAYPEN Drive 5, Jacksonville, FL 32210 (MLS# 2167099)

5050 PLAYPEN Drive 5, Jacksonville, FL 32210

$100,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 940 Status: Closed

Current Price: $100,000 List Date: 9/30/2026 Last Modified: 10/29/2026

Overview

Description

Affordable, convenient and move-in ready! This FIRST-FLOOR CORNER UNIT offers easy single-level living with 2 bedrooms and 2 full baths. The comfortable floor plan features a spacious living room open to the dining area, kitchen, and breakfast bar with sliding glass doors leading to a covered patio - perfect for relaxing outdoors. Located in QUIET, WELL-KEPT community with convenient access to I-10, Cecil Commerce Center, shopping, dining, and Jacksonville's Naval Air Station. Whether you're a first-time homebuyer looking for an affordable place to call home or an investor seeking a long-term rental opportunity, this condo offers plenty of fabulous possibilities! With very few properties available in this price range, this is a great opportunity to own a low-maintenance home in a convenient and clean community! Seller to provide a 1 year Home Warranty to the new buyer.

Listing Details MLS# 2167099

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 940
Living Area Source: Public Records
Year Built: 2006
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: Yes
Association Fee: 282
Association Fee Frequency: Monthly
Association Name: Timber Run
Association Phone: 904-997-6752
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Stories Total: 2
Senior Community YN: No
Directions: I-295 exit west onto 103rd Street. Travel 1 mile, turn right into the Timber Run complex. Building 5050 will be on the left. Unit 5 is the bottom unit on the left of stairwell.
Public Remarks: Affordable, convenient and move-in ready! This FIRST-FLOOR CORNER UNIT offers easy single-level living with 2 bedrooms and 2 full baths. The comfortable floor plan features a spacious living room open to the dining area, kitchen, and breakfast bar with sliding glass doors leading to a covered patio - perfect for relaxing outdoors. Located in QUIET, WELL-KEPT community with convenient access to I-10, Cecil Commerce Center, shopping, dining, and Jacksonville's Naval Air Station. Whether you're a first-time homebuyer looking for an affordable place to call home or an investor seeking a long-term rental opportunity, this condo offers plenty of fabulous possibilities! With very few properties available in this price range, this is a great opportunity to own a low-maintenance home in a convenient and clean community! Seller to provide a 1 year Home Warranty to the new buyer.
List Price/SqFt: 113.83
Sold Price/SqFt: 106.38

Property Features

Rental Restrictions: 7 Months Appliances: Dishwasher; Disposal; Electric Oven; Refrigerator Interior Features: Breakfast Bar; Ceiling Fan(s); Primary Bathroom - Tub with Shower; Split Bedrooms Flooring: Carpet; Vinyl Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup Utilities: Cable Available; Electricity Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Construction Materials: Frame; Stucco Patio And Porch Features: Covered; Patio Parking Features: Parking Lot Current Use: Residential Association Amenities: Maintenance Grounds Association Fee Includes: Insurance; Maintenance Grounds; Trash Possession: Close Of Escrow Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2026-09-30
Unit Type: Interior Unit

Location Tax and Legal

Street Number: 5050
Street Name: PLAYPEN
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32210
MLS Area Major: 063-Jacksonville Heights/Oak Hill/English Estates
Subdivision Name: Timber Run

Status Change Information

Major Change Timestamp: 2026-10-29T12:10:15Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-14
Close Date: 2026-10-28
Close Price: 100000

DPR Eligible

DPR Eligible: No

More Information

Documents

Condo docs & articles ›

Summarized rules & regs ›

Listing Office: RE/MAX SPECIALISTS

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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