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.

5242 QUAN Drive, Jacksonville, FL 32205 (MLS# 2168577)

5242 QUAN Drive, Jacksonville, FL 32205

$224,900

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Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,250 Lot Size (sq. ft.): 8,712 Status: Active Under Contract

Current Price: $224,900 List Date: 10/09/2026 Last Modified: 10/23/2026

Overview

Description

Brand-new roof and HVAC! This quiet street, single family home in Hillcrest has been completely renovated from top to bottom. Luxurious vinyl plank flooring and a fabulous designer kitchen with stainless steel appliances and custom quartz countertops. You'll also find two beautifully appointed bathrooms. Plus, a one car garage and plenty of backyard room for family gatherings. Additional room in the back can be used as a play area for the kids or a work from home office. Close to Downtown Jax, the Edgewood Strip, Riverside & Avondale, and nearby shops and restaurants, this is the perfect place to call home!

Listing Details MLS# 2168577

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1250
Living Area Source: Public Records
Year Built: 1956
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.2
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Directions: Driving N on Cassat Ave make a left onto Quan Dr
Public Remarks: Brand-new roof and HVAC! This quiet street, single family home in Hillcrest has been completely renovated from top to bottom. Luxurious vinyl plank flooring and a fabulous designer kitchen with stainless steel appliances and custom quartz countertops. You'll also find two beautifully appointed bathrooms. Plus, a one car garage and plenty of backyard room for family gatherings. Additional room in the back can be used as a play area for the kids or a work from home office. Close to Downtown Jax, the Edgewood Strip, Riverside & Avondale, and nearby shops and restaurants, this is the perfect place to call home!
List Price/SqFt: 179.92

Property Features

Architectural Style: Traditional Rental Restrictions: No Minimum Appliances: Electric Cooktop; Electric Oven; Microwave; Refrigerator Interior Features: Open Floorplan; Primary Bathroom - Tub with Shower Flooring: Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Electricity Available; Sewer Available; Water Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Brick; Vinyl Siding Roof: Shingle; Other Parking Features: Garage Fencing: Back Yard Current Use: Residential; Single Family Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Financing

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-09

Location Tax and Legal

Street Number: 5242
Street Name: QUAN
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 052-Lakeshore
Subdivision Name: Hillcrest

Status Change Information

Major Change Timestamp: 2026-10-23T01:19:34Z
Major Change Type: Status Change
Contingency: Active Under Contract
Contingent Date: 2026-10-22

DPR Eligible

DPR Eligible: Yes

More Information

Documents

LBP ›

SPD ›

Flood Disclosure ›

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: October - 23 - 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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