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.

5051 Marble Egret Drive S, Jacksonville, FL 32257 (MLS# 704469)

5051 Marble Egret Drive S, Jacksonville, FL 32257

$219,000

Spacious Master with lovely tray ceiling

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,069 Status: Closed

Current Price: $219,000 List Date: 2/16/2014 Last Modified: 11/04/2026

Overview

Description

**New Price**Come see this spacious 4 bedroom, split arrangement with 2 large bathrooms. This home has a fantastic ''open concept'' floorplan. Master bedroom has vaulted ceilings as does the Family Room. Wood burning Fireplace with built-ins on both sides. Updated kitchen, newer appliances & insulated windows, water heater is 5 yrs old & ac is 7 yrs old, roof is 8 yrs. Convenient indoor laundry, fully fenced backyard overlooks the preserve--the lot is 361' deep...Huge screen room on back & Oversized garage.

Listing Details MLS# 704469

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2069
Living Area Source: Public Records
Year Built: 1990
Lot Size Dimensions: .70 acre 361' deep
Association YN: Yes
Association Fee: 150
Association Fee Frequency: Annually
Association Name: Mallard Cove HOA
Association Phone: 904-940-9882
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: **New Price**From 295 go North on Old St. Augustine, right on Hood Rd. right into Mallard Cove, right on Ripple Rush and right on Marble Egret. Home is towards the end on the left side.
Public Remarks: **New Price**Come see this spacious 4 bedroom, split arrangement with 2 large bathrooms. This home has a fantastic ''open concept'' floorplan. Master bedroom has vaulted ceilings as does the Family Room. Wood burning Fireplace with built-ins on both sides. Updated kitchen, newer appliances & insulated windows, water heater is 5 yrs old & ac is 7 yrs old, roof is 8 yrs. Convenient indoor laundry, fully fenced backyard overlooks the preserve--the lot is 361' deep...Huge screen room on back & Oversized garage.
List Price/SqFt: 105.85
Sold Price/SqFt: 105.85

Property Features

Approx Parcel Size: .51 to 1 Acre Architectural Style: Ranch Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Built-in Features; Eat-in Kitchen; Entrance Foyer; Pantry; Primary Bathroom -Tub with Separate Shower; Skylight(s); Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Laminate; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Connected; Other Cooling: Central Air Heating: Central; Electric Water Source: Public Sewer: Public Sewer Green Energy Efficient: Windows Security Features: Smoke Detector(s) Construction Materials: Brick; Frame; Vinyl Siding Patio And Porch Features: Deck; Front Porch; Patio; Screened Pool Features: None Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener View: Protected Preserve Fencing: Back Yard; Fenced; Wood; Other Current Use: Residential; Single Family Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2014-02-16

Location Tax and Legal

Street Number: 5051
Street Name: Marble Egret
Street Suffix: Drive
Street Direction Suffix: S
County: Duval
State: FL
Postal Code: 32257
MLS Area Major: 013-Beauclerc/Mandarin North
Subdivision Name: Mallard Cove

Status Change Information

Major Change Timestamp: 2023-11-13T18:30:26Z
Major Change Type: Price Reduced
Price Change Timestamp: 2014-04-17T18:22:44Z
Purchase Contract Date: 2014-05-02
Close Date: 2014-05-30
Close Price: 219000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Mandatory Fees: Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Covenants/Restrictions: Y, Energy Features-Ceiling Fan(s): Y, Bath-Garden Bath: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-French Door(s): Y, Oversize Garage/Storage: Y, Fireplace-Family Room: Y, Fireplace Mantle: Y
Public Historical Remarks 3: Occupant Type: Vacant -Lockbox, See ShowingAssist

Room Information

Room Name
Living Room
Family Room
Utility Room

Documents

Sellers Disclosure ›

Listing Office: KELLER WILLIAMS JACKSONVILLE

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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