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.

5303 BUNCHE Drive, Jacksonville, FL 32209 (MLS# 2170687)

5303 BUNCHE Drive, Jacksonville, FL 32209

$174,900

White shower curtain and spotless counte

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 940 Lot Size (sq. ft.): 8,712 Status: Active

Current Price: $174,900 List Date: 10/23/2026 Last Modified: 10/30/2026

Overview

Description

***SELLER IS MOTIVATED!!!*** Do not miss this newly updated 3-bedroom, 1-bathroom home with a large laundry room, a detached 1-car garage, and a fully fenced yard. The home features an updated kitchen, bathrooms, flooring, fixtures, and so much more. Home comes with new appliances and a one-year home warranty. Up to $40,000 in FREE down payment assistance for qualified buyers. Ask me how Free applications! Easy to show! The seller is motivated. The seller may help with closing costs, prepaids, and/or interest rate buy-down.

Listing Details MLS# 2170687

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 940
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: Edgewood Ave to Cleveland Rd and then turn onto Bunche Dr
Public Remarks: ***SELLER IS MOTIVATED!!!*** Do not miss this newly updated 3-bedroom, 1-bathroom home with a large laundry room, a detached 1-car garage, and a fully fenced yard. The home features an updated kitchen, bathrooms, flooring, fixtures, and so much more. Home comes with new appliances and a one-year home warranty. Up to $40,000 in FREE down payment assistance for qualified buyers. Ask me how Free applications! Easy to show! The seller is motivated. The seller may help with closing costs, prepaids, and/or interest rate buy-down.
List Price/SqFt: 186.06

Property Features

Architectural Style: Ranch Levels: One Property Condition: Updated/Remodeled Appliances: Electric Range; Electric Water Heater; Refrigerator Flooring: Carpet; Laminate; Tile Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central; Electric Electric: 200+ Amp Service Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Patio And Porch Features: Front Porch; Rear Porch Roof: Shingle Parking Features: Detached; Garage Lot Features: Few Trees Fencing: Back Yard 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: 2026-10-23

Location Tax and Legal

Street Number: 5303
Street Name: BUNCHE
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32209
MLS Area Major: 075-Trout River/College Park/Ribault Manor
Subdivision Name: Floradale

Status Change Information

Major Change Timestamp: 2026-10-30T16:45:49Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-30T16:45:49Z

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: OCEANSIDE REAL ESTATE

Last Updated: October - 30 - 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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