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.

532 W 24TH Street, Jacksonville, FL 32206 (MLS# 2042087)

532 W 24TH Street, Jacksonville, FL 32206

$270,000

Property Type: Residential Income Bedrooms: 4 Baths: 2 Square Footage: 2,358 Lot Size (sq. ft.): 5,227 Status: Closed

Current Price: $270,000 List Date: 8/13/2024 Last Modified: 10/23/2026

Overview

Description

INVESTORS, HOUSE HACKERS, TAKE A LOOK. Handsome brick duplex with 2 large and attractive apartments. Two car garage with new roof! Perfect investment or house hack, live in one while enjoying the extra cash flow. Nice block and a short drive to UF Health/Springfield. Steps to Brentwood Park and the fantastic Boys and Girls Club facility there. Nicely updated, newer windows, and plenty of off-street parking. Units are well maintained and easy to rent. Central heat and cooling! Qualifies for $10,000 down payment assistance through Regions Mortgage for qualified Buyers, plus a rate buy down. Can't beat that!!! Don't sleep on this one or you will regret it. See it today.

Listing Details MLS# 2042087

General Property Information

Number Of Buildings: 2
Number Of Units Total: 2
Bedrooms Total: 4
Bathrooms Total: 2
Bathrooms Full: 2
Living Area: 2358
Living Area Source: Public Records
New Construction YN: No
Year Built: 1936
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Lot Size Acres: 0.12
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Furnished: Unfurnished
Directions: From intersection of Boulevard and 24th St., drive West to property on right.
Public Remarks: INVESTORS, HOUSE HACKERS, TAKE A LOOK. Handsome brick duplex with 2 large and attractive apartments. Two car garage with new roof! Perfect investment or house hack, live in one while enjoying the extra cash flow. Nice block and a short drive to UF Health/Springfield. Steps to Brentwood Park and the fantastic Boys and Girls Club facility there. Nicely updated, newer windows, and plenty of off-street parking. Units are well maintained and easy to rent. Central heat and cooling! Qualifies for $10,000 down payment assistance through Regions Mortgage for qualified Buyers, plus a rate buy down. Can't beat that!!! Don't sleep on this one or you will regret it. See it today.
List Price/SqFt: 112.38
Sold Price/SqFt: 114.5

Property Features

Appliances: Electric Cooktop; Refrigerator Construction Materials: Brick Veneer Cooling: Central Air Current Use: Residential Flooring: Laminate; Wood Heating: Central Levels: Two Listing Terms: Cash; Conventional Lot Features: Other Parking Features: Off Street Pool Features: None Possession: Subject To Tenant Rights Sewer: Public Sewer Tenant Pays: Electricity Utilities: Cable Available; Water Connected Water Source: Public Contingency Reason: Financing; Inspection

Contract Information

Listing Contract Date: 2024-08-13
Property Sub Type: Duplex

Location Tax and Legal

Street Number: 532
Street Direction Prefix: W
Street Name: 24TH
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32206
Subdivision Name: Springfield Nw Port
MLS Area Major: 071-Brentwood/Evergreen

Status Change Information

Major Change Timestamp: 2024-09-25T00:06:52Z
Major Change Type: Status Change
Price Change Timestamp: 2024-08-13T15:43:05Z
Purchase Contract Date: 2024-08-19
Close Date: 2024-09-24
Close Price: 270000

Fireplace Features

Fireplaces Total: 2

More Information

Unit 1 Details

Unit ID: 534
Actual Rent: 1050
Unit SqFt: 1200
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Ground floor

Unit 2 Details

Unit ID: 532
Actual Rent: 1050
Unit SqFt: 1200
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: Occupied, shown with accepted contract

Documents

Survey ›

Termite bond ›

Financing Incentives ›

Listing Office: INI REALTY

Last Updated: October - 23 - 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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