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.

5131 REDSTONE Drive, Jacksonville, FL 32210 (MLS# 2171408)

5131 REDSTONE Drive, Jacksonville, FL 32210

$1,495

Property Type: Residential Lease Bedrooms: 3 Baths: 2 Square Footage: 1,412 Lot Size (sq. ft.): 9,583 Status: Active

Current Price: $1,495 List Date: 10/29/2026 Last Modified: 10/29/2026

Overview

Description

This 3 bedroom, 1-1/2 bathroom home with large fenced backyard is ready for you to move in. Discover the possibilities in this spacious home, offering plenty of room for family, entertaining, and everyday living. Featuring a living room, dining room, and family room, there's no shortage of space to gather, relax, and create lasting memories. Step outside to the large backyard, perfect for family gatherings, outdoor entertaining, or simply enjoying your own private space. This home is ready for your personal style and vision. Bring your creativity and transform this property into the home you've been imagining! No sign in yard. All details must be verified.

Listing Details MLS# 2171408

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Half: Yes
Bathrooms Total: 2
Living Area: 1412
Living Area Source: Public Records
Year Built: 1959
Accessory Dwelling Unit Y/N: No
Lot Size Acres: 0.22
Association YN: No
Accessibility Features 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: Yes
Senior Community YN: No
Directions: Exit on 103rd St from I-295. Go WEST in 103rd St and turn onto REDSTONE Dr. No sign in yard.
Public Remarks: This 3 bedroom, 1-1/2 bathroom home with large fenced backyard is ready for you to move in. Discover the possibilities in this spacious home, offering plenty of room for family, entertaining, and everyday living. Featuring a living room, dining room, and family room, there's no shortage of space to gather, relax, and create lasting memories. Step outside to the large backyard, perfect for family gatherings, outdoor entertaining, or simply enjoying your own private space. This home is ready for your personal style and vision. Bring your creativity and transform this property into the home you've been imagining! No sign in yard. All details must be verified.
List Price/SqFt: 1.06

Property Features

Additional Lease Terms: 12 Months Architectural Style: Ranch Levels: One Appliances: Electric Range; Refrigerator Laundry Features: Electric Dryer Hookup; Washer Hookup Water Source: Public Parking Features: Additional Parking; Off Street Sewer: Public Sewer Fencing: Back Yard Utilities: Other Cooling: Central Air; Electric Heating: Electric; Heat Pump Road Surface Type: Asphalt Road Frontage Type: City Street Tenant Pays: All Utilities; Grounds Care; Sewer; Water; None

Contract Information

Rental Service: None
Property Sub Type: Ranch
Listing Contract Date: 2026-10-28
Lease Term: 12 Months
Availability Date: 2026-10-29

Location Tax and Legal

Street Number: 5131
Street Name: REDSTONE
Street Suffix: Drive
State: FL
County: Duval
Postal Code: 32210
MLS Area Major: 063-Jacksonville Heights/Oak Hill/English Estates
Subdivision Name: Oak Hill

Status Change Information

Major Change Timestamp: 2026-10-29T16:28:00Z
Major Change Type: New Listing

Accessory Dwelling Information

Bathrooms: 2

More Information

Deposits and Fees

Additional Fee: 45
Application Fee: 75
Security Deposit: 1495

Listing Office: POINT TO POINT REALTY

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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