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.

5280 REDRAC Street, Jacksonville, FL 32205 (MLS# 2166060)

5280 REDRAC Street, Jacksonville, FL 32205

$179,000

Sue Wilson Photography Jacksonville (29)

Sue Wilson Photography Jacksonville (28)

Sue Wilson Photography Jacksonville (30)

Sue Wilson Photography Jacksonville (31)

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,040 Lot Size (sq. ft.): 7,405 Status: Closed

Current Price: $179,000 List Date: 9/23/2026 Last Modified: 10/29/2026

Overview

Description

REMODELED THREE-BEDROOM ONE BATH HOME ON LARGE LOT! This charming home has been thoughtfully refreshed from top to bottom. Inside you will find a fully remodeled kitchen with stainless steel appliances, new cabinets and granite countertops, creating a comfortable and functional space for everyday living. Every surface has been touched, including LVP flooring throughout the home, offering a clean, modern interior that feels both fresh and welcoming. Step outside and you'll find a large lot shaded by mature trees, plenty of space to entertain and enjoy the outdoors. Whether you're looking for your first home or a turnkey investment, this property offers a blend of comfort, style and move-in ready convenience No HOA and No CDD! Close to NAS JAX! Book your showing today!

Listing Details MLS# 2166060

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 1040
Living Area Source: Appraiser
Year Built: 1954
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.17
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
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Directions: West on I-10, take exit 357, turn left onto Casset Ave, then right onto Lenox Ave, and left onto Redrac Street
Public Remarks: REMODELED THREE-BEDROOM ONE BATH HOME ON LARGE LOT! This charming home has been thoughtfully refreshed from top to bottom. Inside you will find a fully remodeled kitchen with stainless steel appliances, new cabinets and granite countertops, creating a comfortable and functional space for everyday living. Every surface has been touched, including LVP flooring throughout the home, offering a clean, modern interior that feels both fresh and welcoming. Step outside and you'll find a large lot shaded by mature trees, plenty of space to entertain and enjoy the outdoors. Whether you're looking for your first home or a turnkey investment, this property offers a blend of comfort, style and move-in ready convenience No HOA and No CDD! Close to NAS JAX! Book your showing today!
List Price/SqFt: 172.12
Sold Price/SqFt: 172.12

Property Features

Architectural Style: Contemporary Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator Interior Features: Breakfast Bar; Breakfast Nook; Ceiling Fan(s); Eat-in Kitchen Flooring: Laminate Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central; Electric Water Source: Public Sewer: Public Sewer Roof: Shingle Parking Features: Additional Parking; Other Fencing: Chain Link Current Use: Residential Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-09-22

Location Tax and Legal

Street Number: 5280
Street Name: REDRAC
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 052-Lakeshore
Subdivision Name: Hillcrest

Status Change Information

Major Change Timestamp: 2026-10-29T14:24:31Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-02
Close Date: 2026-10-28
Close Price: 179000

DPR Eligible

DPR Eligible: No

More Information

Documents

Offer Instructions ›

Acknowledgement No Sellers Disclosure ›

Listing Office: SELECT REALTY LLC

Last Updated: October - 29 - 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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