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.

516 LINWOOD Avenue, Jacksonville, FL 32206 (MLS# 2116448)

516 LINWOOD Avenue, Jacksonville, FL 32206

$130,000

Property Type: Residential Income Bedrooms: 2 Baths: 2 Square Footage: 1,196 Lot Size (sq. ft.): 5,227 Status: Closed

Current Price: $130,000 List Date: 11/05/2025 Last Modified: 10/30/2026

Overview

Description

**Tenant occupied, do not trespass on property** Great duplex in Brentwood close to downtown and the Jags stadium. Unit 518 has had updates performed recently and are shown in photos, 516 has a long term tenant in place. New roof installed in 2022, new electrical line and meter can for JEA in 2025.

Listing Details MLS# 2116448

General Property Information

Number Of Units Total: 2
Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Living Area: 1196
Accessibility Features YN: No
New Construction YN: No
Year Built: 1926
Garage YN: No
Carport YN: No
Lot Size Acres: 0.12
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: From I-95 North or South: Take Exit 353C toward MLK Jr Parkway / 8th Street. Head east on W 8th Street (follow signs for MLK Jr Parkway). Turn left onto Boulevard then turn right onto Linwood Avenue property will be on your left.
Public Remarks: **Tenant occupied, do not trespass on property** Great duplex in Brentwood close to downtown and the Jags stadium. Unit 518 has had updates performed recently and are shown in photos, 516 has a long term tenant in place. New roof installed in 2022, new electrical line and meter can for JEA in 2025.
List Price/SqFt: 125.42
Sold Price/SqFt: 108.7

Property Features

Appliances: Electric Range Construction Materials: Wood Siding Cooling: Wall/Window Unit(s) Current Use: Residential; Single Family Flooring: Vinyl Heating: Other Laundry Features: None Levels: One Listing Terms: Cash; Conventional Lot Features: Wooded Owner Pays: Sewer; Water Parking Features: On Street Possession: Subject To Tenant Rights Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Shingle Sewer: Public Sewer Tenant Pays: Electricity; Pest Control Utilities: Cable Available; Electricity Connected; Natural Gas Available; Sewer Connected; Water Connected Water Source: Public

Contract Information

Listing Contract Date: 2025-11-03
Property Sub Type: Duplex

Location Tax and Legal

Street Number: 516
Street Name: LINWOOD
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32206
Subdivision Name: Brentwood
MLS Area Major: 071-Brentwood/Evergreen

Status Change Information

Major Change Timestamp: 2025-12-29T16:49:58Z
Major Change Type: Status Change
Purchase Contract Date: 2025-11-13
Close Date: 2025-12-17
Close Price: 130000

Currently Not Used

Property Attached YN: No
yn11: No

More Information

Unit 1 Details

Unit ID: 516
Actual Rent: 575
Unit SqFt: 598
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: tenant occupied, do not disturb

Unit 2 Details

Unit ID: 518
Actual Rent: 750
Unit SqFt: 598
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: tenant occupied, do not disturb

Listing Office: THE THAYVER GROUP

Last Updated: October - 30 - 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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