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.

531 HOLLY LAKES Drive, Orange Park, FL 32073 (MLS# 2130963)

531 HOLLY LAKES Drive, Orange Park, FL 32073

$1,650

Property Type: Residential Lease Bedrooms: 3 Baths: 3 Square Footage: 1,483 Lot Size (sq. ft.): 2,178 Status: Closed

Current Price: $1,650 List Date: 2/20/2026 Last Modified: 3/26/2026

Overview

Description

Why buy when you can rent brand new construction, Come see this newly built Townhouse has a one car garage along with a long driveway. This LVP downstairs and carpet stairs and bedrooms . Everything is brand new includes a stackable washer and dryer inside the unit. Stainless steel appliances, this wont last long. Pets limited and with approval. 12 month lease min. Close to NAS Jacksonville, Highway 17/295. Nearby shopping and restaurants.

Listing Details MLS# 2130963

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1483
Living Area Source: Public Records
Year Built: 2025
Lot Size Acres: 0.05
Association YN: Yes
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Waterfront YN: No
Stories: 2
Stories Total: 2
Senior Community YN: No
Directions: Wells Road to Holly Lakes Drive take the road to the end, into Holly Cove townhomes Community, property will be on the left.
Public Remarks: Why buy when you can rent brand new construction, Come see this newly built Townhouse has a one car garage along with a long driveway. This LVP downstairs and carpet stairs and bedrooms . Everything is brand new includes a stackable washer and dryer inside the unit. Stainless steel appliances, this wont last long. Pets limited and with approval. 12 month lease min. Close to NAS Jacksonville, Highway 17/295. Nearby shopping and restaurants.
List Price/SqFt: 1.11
Sold Price/SqFt: 1.11

Property Features

Additional Lease Terms: 12 Months Owner Pays: Association Fees Levels: Multi/Split; Two Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Microwave; Refrigerator; Washer/Dryer Stacked Interior Features: Breakfast Bar; Kitchen Island Laundry Features: In Unit Smart Home Features: Smoke Detector Patio And Porch Features: Patio Association Amenities: Maintenance Grounds Association Fee Includes: Maintenance Grounds Water Source: Public Parking Features: Garage; Garage Door Opener Sewer: Public Sewer Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Cooling: Central Air Heating: Central; Electric Road Surface Type: Asphalt Road Frontage Type: City Street Rent Includes: None Tenant Pays: All Utilities Pets Allowed: Breed Restrictions; Number Limit

Contract Information

Rental Service: Other
Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2026-02-19
Lease Term: 12 Months
Availability Date: 2026-02-25

Location Tax and Legal

Street Number: 531
Street Name: HOLLY LAKES
Street Suffix: Drive
State: FL
County: Clay
Postal Code: 32073
MLS Area Major: 132-Bellair/Grove Park
Subdivision Name: Townhomes of Holly Cove

Status Change Information

Major Change Timestamp: 2026-03-26T18:30:22Z
Major Change Type: Status Change
Purchase Contract Date: 2026-03-20
Close Date: 2026-03-26
Close Price: 1650

Deposits and Fees

Security Deposit: 1650

More Information

Listing Office: DISCOVER REALTY INC

Last Updated: March - 26 - 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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