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.

5201 ATLANTIC Boulevard 264, Jacksonville, FL (MLS# 756039)

5201 ATLANTIC Boulevard 264, Jacksonville, FL

$82,000

Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,320 Status: Closed

Current Price: $82,000 List Date: 2/03/2015 Last Modified: 11/04/2026

Overview

Description

Amazing views of the Pottsburg Creek that leads to the St Johns River--just outside your glass doors! This unit is move-in ready with an open floor plan & has a beautifully updated kitchen with Stainless Steel appliances, new cabinetry, solid surface tops & tile floor. New washer & dryer installed there too! Updated Bathrooms with new plumbing in 2011. Most Electric updated in 2011. Loads of storage, carpet in the LR, DR & master. Laminate in the 2nd bedroom. Screened patio is very private. Community amenities include boat docking on river, racks for canoes/kayaks, 2 pools, club house, sprinkler system & vehicle wash area.

Listing Details MLS# 756039

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1320
Living Area Source: Public Records
Year Built: 1971
Association YN: Yes
Association Fee Frequency: One Time
Association Fee 2: 396
Association Fee 2 Frequency: Monthly
Association Name: Banning Management
Association Phone: 904-730-7071
CDD Fee YN: No
New Construction YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Stories: 2
Stories Total: 2
Directions: From University and Atlantic Blvd. Turn West on Atlantic Blvd. Turn Right into COLONIAL POINT CONDOS. Turn right, then left & go towards the River...Last building on the Right.
Public Remarks: Amazing views of the Pottsburg Creek that leads to the St Johns River--just outside your glass doors! This unit is move-in ready with an open floor plan & has a beautifully updated kitchen with Stainless Steel appliances, new cabinetry, solid surface tops & tile floor. New washer & dryer installed there too! Updated Bathrooms with new plumbing in 2011. Most Electric updated in 2011. Loads of storage, carpet in the LR, DR & master. Laminate in the 2nd bedroom. Screened patio is very private. Community amenities include boat docking on river, racks for canoes/kayaks, 2 pools, club house, sprinkler system & vehicle wash area.
List Price/SqFt: 64.32
Sold Price/SqFt: 62.12

Property Features

Approx Parcel Size: Condo-NA Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom - Tub with Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Concrete; Tile; Wood Utilities: Cable Available; Other Cooling: Central Air; Electric Heating: Central; Electric Security Features: Other Construction Materials: Brick; Frame Patio And Porch Features: Porch; Screened Pool Features: Other Roof: Shingle Parking Features: Additional Parking; Other Lot Features: Sprinklers In Front; Sprinklers In Rear; Other View: River; Water Water Body Access Type: Community Waterfront Features: Creek; Navigable Water Current Use: Multi-Family Association Amenities: Boat Dock; Boat Launch; Boat Slip; Car Wash Area; Children's Pool; Clubhouse; Community Pool; Jogging Path; Management - Full Time; Management - Off Site; Tennis Court(s); Trash Association Fee Includes: Insurance; Maintenance Grounds; Pest Control; Security; Sewer; Trash; Water Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2015-02-03
Unit Type: Interior Unit

Location Tax and Legal

Street Number: 5201
Street Name: ATLANTIC
Street Suffix: Boulevard
County: Duval
State: FL
MLS Area Major: 021-St Nicholas Area
Subdivision Name: Colonial Point

Status Change Information

Major Change Timestamp: 2015-03-16T19:40:45Z
Major Change Type: Status Change
Purchase Contract Date: 2015-02-27
Close Date: 2015-03-16
Close Price: 82000

Historical Information

Public Historical Remarks 1: Utilities-Common Sewer: Y, Condo Restrictions-See Condo Docs: Y, Self Cleaning Oven: Y, Water Access: Y, Kitchen-Solid Surface Countertops: Y, Waterfront Descrpt-Tidal: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Utilities-Common Water: Y, Dining-Living/Dining Combo: Y, Interior Amenities-Sliding Glass Door(s): Y, Waterfront Descrpt-2'-6' Dpth: Y, Structure Slab: Y
Public Historical Remarks 3: Occupant Type: Appointment, See ShowingAssist, Occupied - Lockbox

More Information

Room Information

Room Name
Utility Room

Listing Office: KELLER WILLIAMS JACKSONVILLE

Last Updated: November - 04 - 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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