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.

5163 LEXINGTON Avenue, Jacksonville, FL 32210 (MLS# 2134251)

5163 LEXINGTON Avenue, Jacksonville, FL 32210

$85,000

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 835 Lot Size (sq. ft.): 9,148 Status: Closed

Current Price: $85,000 List Date: 3/10/2026 Last Modified: 11/02/2026

Overview

Description

This property is full of potential and ready for your vision. Being sold as-is, this home needs TLC but offers a great opportunity for investors, flippers, or buyers looking to build sweat equity. With solid bones and plenty of upside, this is your chance to renovate and create something special. No assignable contracts and 0 day inspection period offers preferred. Cash or hard money only. Utilities won't be turned on.

Listing Details MLS# 2134251

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 835
Living Area Source: Assessor
Year Built: 1953
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.21
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: Take the exit onto I-95 N (SR-9), Take exit 351B toward Lake City onto I-10 W (SR-8), Take left exit 361 toward SR-228/Roosevelt Blvd/NAS Jax onto US-17 S (Roosevelt Blvd), Take ramp onto Blanding Blvd (SR-21) toward Blanding Blvd., Turn right onto Park St, Turn left onto Cassat Ave (SR-111), Turn right onto San Juan Ave (SR-128), Turn right onto Harvester St, end at Lexington Ave
Public Remarks: This property is full of potential and ready for your vision. Being sold as-is, this home needs TLC but offers a great opportunity for investors, flippers, or buyers looking to build sweat equity. With solid bones and plenty of upside, this is your chance to renovate and create something special. No assignable contracts and 0 day inspection period offers preferred. Cash or hard money only. Utilities won't be turned on.
List Price/SqFt: 125.75
Sold Price/SqFt: 101.8

Property Features

Appliances: None Utilities: Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central Water Source: Public Parking Features: Covered Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash; Other

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-03-10

Location Tax and Legal

Street Number: 5163
Street Name: LEXINGTON
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32210
MLS Area Major: 052-Lakeshore
Subdivision Name: Lake Shore Terrace

Status Change Information

Major Change Timestamp: 2026-04-23T21:18:40Z
Major Change Type: Status Change
Purchase Contract Date: 2026-03-17
Close Date: 2026-03-31
Close Price: 85000

DPR Eligible

DPR Eligible: No

More Information

Documents

LBP Disclosure ›

Flood Disclosure ›

No Seller's Disclosure ›

Listing Office: GREEN PALM REALTY & PROPERTY MANAGEMENT

Last Updated: November - 02 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare