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 WABASH Boulevard, Jacksonville, FL 32254 (MLS# 2171992)

5242 WABASH Boulevard, Jacksonville, FL 32254

New Listing

$99,900

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Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 998 Lot Size (sq. ft.): 4,792 Status: Active

Current Price: $99,900 List Date: 11/02/2026 Last Modified: 11/03/2026

Overview

Description

**Tenant Occupied, Do No Trespass** Welcome to this charming 3-bedroom, 1-bath home located in Jacksonville's established Biltmore neighborhood. Offering a spacious living room, separate dining area, and a large front porch, this home provides a comfortable and functional layout with plenty of room to spread out. Additional features vinyl, central heating and air conditioning, washer and dryer hookups, and off-street parking. Conveniently located with access to major roadways, shopping, dining and everyday amenities.

Listing Details MLS# 2171992

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 998
Living Area Source: Appraiser
Year Built: 1960
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.11
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: NORTH ON I-95 TO PRITCHARD ROAD EXIT. GO RIGHT. MAKE RIGHT ON OLD KINGS ROAD TO RIGHT ON WABASH.
Public Remarks: **Tenant Occupied, Do No Trespass** Welcome to this charming 3-bedroom, 1-bath home located in Jacksonville's established Biltmore neighborhood. Offering a spacious living room, separate dining area, and a large front porch, this home provides a comfortable and functional layout with plenty of room to spread out. Additional features vinyl, central heating and air conditioning, washer and dryer hookups, and off-street parking. Conveniently located with access to major roadways, shopping, dining and everyday amenities.
List Price/SqFt: 100.1

Property Features

Appliances: None Flooring: Laminate Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Well Sewer: Septic Tank Roof: Membrane Parking Features: Off Street Current Use: Residential; Single Family Possession: Subject To Tenant Rights Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-29

Location Tax and Legal

Street Number: 5242
Street Name: WABASH
Street Suffix: Boulevard
County: Duval
State: FL
Postal Code: 32254
MLS Area Major: 074-Paxon
Subdivision Name: Curtiss-bright

Status Change Information

Major Change Timestamp: 2026-11-02T20:40:17Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: THE THAYVER GROUP

Last Updated: November - 03 - 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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