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.

5128 JULINGTON FOREST Lane, Jacksonville, FL 32258 (MLS# 1083984)

5128 JULINGTON FOREST Lane, Jacksonville, FL 32258

$179,600

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,516 Status: Closed

Current Price: $179,600 List Date: 11/23/2020 Last Modified: 2/04/2025

Overview

Description

Occupied Property - Do not walk on the property or disturb the residents !! 3 Bedroom 2 Bath. Needs TLC Seller Requesting H&B Offers by 10:00 AM, Tuesday, Dec. 8, 2020. Seller is accepting CASH ONLY !!

Listing Details MLS# 1083984

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1516
Living Area Source: Public Records
Year Built: 1983
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Water Body Access YN: No
Waterfront YN: No
Directions: From St. Augustine Rd to Caron Dr. Left on Julington Creek Road. Right on Julington Forest Drive, Left on Julington Forest Ln
Public Remarks: Occupied Property - Do not walk on the property or disturb the residents !! 3 Bedroom 2 Bath. Needs TLC Seller Requesting H&B Offers by 10:00 AM, Tuesday, Dec. 8, 2020. Seller is accepting CASH ONLY !!
List Price/SqFt: 98.94
Sold Price/SqFt: 118.47

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Cooling: Central Air Heating: Central Water Source: Public Pool Features: In Ground Current Use: Residential Possession: Negotiable Listing Terms: Cash

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2020-11-23

Location Tax and Legal

Street Number: 5128
Street Name: JULINGTON FOREST
Street Suffix: Lane
County: Duval
State: FL
Postal Code: 32258
MLS Area Major: 014-Mandarin
Subdivision Name: Julington Forest

Status Change Information

Major Change Timestamp: 2021-04-15T17:47:10Z
Major Change Type: Status Change
Purchase Contract Date: 2020-12-08
Close Date: 2021-04-12
Close Price: 179600

More Information

Listing Office: 7 STAR REALTY, INC.

Last Updated: February - 04 - 2025

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.