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.

509 SHERWOOD OAKS Drive, Orange Park, FL 32073 (MLS# 2043845)

509 SHERWOOD OAKS Drive, Orange Park, FL 32073

$1,625

Property Type: Residential Lease Bedrooms: 3 Baths: 3 Square Footage: 1,500 Lot Size (sq. ft.): 2,178 Status: Closed

Current Price: $1,625 List Date: 8/23/2024 Last Modified: 4/06/2026

Overview

Description

This stunning 3-bedroom, 2-bathroom residence with a 1-car garage has been fully updated, featuring quartz countertops, a brand-new HVAC system, fresh paint, and new flooring throughout. The spacious primary bedroom includes a charming, tucked-away office space, perfect for those working from home. With a washer and dryer included, low HOA dues, and an oversized attached garage, this move-in-ready home has everything you need for comfortable living.

Listing Details MLS# 2043845

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1500
Living Area Source: Assessor
Year Built: 2014
Lot Size Acres: 0.05
Association YN: Yes
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Senior Community YN: No
Directions: I-295; South on Blanding Blvd; Right on Argyle Forest Blvd; Left on Cheswick Oaks Left on Sherwood Oaks.
Public Remarks: This stunning 3-bedroom, 2-bathroom residence with a 1-car garage has been fully updated, featuring quartz countertops, a brand-new HVAC system, fresh paint, and new flooring throughout. The spacious primary bedroom includes a charming, tucked-away office space, perfect for those working from home. With a washer and dryer included, low HOA dues, and an oversized attached garage, this move-in-ready home has everything you need for comfortable living.
List Price/SqFt: 1.08
Sold Price/SqFt: 1.08

Property Features

Appliances: Dishwasher; Dryer; Electric Oven; Electric Range; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Ceiling Fan(s); Primary Bathroom - Shower No Tub; Walk-In Closet(s) Pool Features: None Water Source: Public Parking Features: Garage Sewer: Public Sewer Utilities: Other Cooling: Central Air Heating: Heat Pump Additional Fee Includes: Lease Prep Rent Includes: None Tenant Pays: All Utilities Pets Allowed: Cats OK; Dogs OK; Size Limit

Contract Information

Property Sub Type: Townhouse
Listing Contract Date: 2024-08-23
Lease Term: 12 Months
Availability Date: 2024-08-31

Location Tax and Legal

Street Number: 509
Street Name: SHERWOOD OAKS
Street Suffix: Drive
State: FL
County: Clay
Postal Code: 32073
MLS Area Major: 139-Oakleaf/Orange Park/NW Clay County
Subdivision Name: Plantation Village

Status Change Information

Major Change Timestamp: 2024-12-01T23:03:49Z
Major Change Type: Status Change
Price Change Timestamp: 2024-10-22T18:22:36Z
Purchase Contract Date: 2024-11-11
Close Date: 2024-12-01
Close Price: 1625

Deposits and Fees

Additional Fee: 150
Application Fee: 75
Pet Fee/Deposit: 300
Security Deposit: 1625

More Information

Documents

Selection Criteria ›

Getting your applicants approved ›

Sample Lease ›

Listing Office: NAVY TO NAVY HOMES LLC

Last Updated: April - 06 - 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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