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.

529 W 59TH Street, Jacksonville, FL 32208 (MLS# 2147877)

529 W 59TH Street, Jacksonville, FL 32208

$107,800

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,056 Lot Size (sq. ft.): 4,356 Status: Pending

Current Price: $107,800 List Date: 5/30/2026 Last Modified: 10/28/2026

Overview

Description

Do not disturb the current tenant. The property is tenant-occupied. Do not enter or access the property without a confirmed appointment approved by the listing agent. All showing requests must be submitted with an offer and require at least 48 hours' notice for approval. The property is being sold as-is. The seller has never occupied the property. Buyer and Buyer's Agent are responsible for completing their own due diligence.

Listing Details MLS# 2147877

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 1056
Living Area Source: Assessor
Year Built: 1938
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.1
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: I-95 to Norwood Ave, Left onto Crestwood St. Left onto Elmwood Ave, Left on 59th St, the house is on the left.
Public Remarks: Do not disturb the current tenant. The property is tenant-occupied. Do not enter or access the property without a confirmed appointment approved by the listing agent. All showing requests must be submitted with an offer and require at least 48 hours' notice for approval. The property is being sold as-is. The seller has never occupied the property. Buyer and Buyer's Agent are responsible for completing their own due diligence.
List Price/SqFt: 102.08

Property Features

Appliances: Other Utilities: Electricity Connected; Sewer Available; Water Available Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Parking Features: Off Street Current Use: Residential 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: 2026-05-30

Location Tax and Legal

Street Number: 529
Street Direction Prefix: W
Street Name: 59TH
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32208
MLS Area Major: 071-Brentwood/Evergreen
Subdivision Name: Edmondsons North

Status Change Information

Major Change Timestamp: 2026-10-28T21:39:42Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-28

DPR Eligible

DPR Eligible: No

More Information

Listing Office: ZALLOUM REALTY LLC

Last Updated: October - 28 - 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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