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.

533 UNIVERSITY Boulevard N, Jacksonville, FL 32211 (MLS# 1038720)

533 UNIVERSITY Boulevard N, Jacksonville, FL 32211

$250,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,748 Status: Closed

Current Price: $250,000 List Date: 2/17/2020 Last Modified: 10/23/2026

Overview

Description

BACK-UP OFFERS WELCOME As-is home sold with two separate lots totaling 4.5 acres, mostly wooded and undeveloped. Property has potential to be developed into 10 or more lots. Home needs light renovation or could be torn down for new home construction.

Listing Details MLS# 1038720

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1748
Living Area Source: Public Records
Year Built: 1945
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: Arlington Expressway to University Blvd. N., Turn South. to 533 on left.
Public Remarks: BACK-UP OFFERS WELCOME As-is home sold with two separate lots totaling 4.5 acres, mostly wooded and undeveloped. Property has potential to be developed into 10 or more lots. Home needs light renovation or could be torn down for new home construction.
List Price/SqFt: 143.02
Sold Price/SqFt: 143.02

Property Features

Approx Parcel Size: 2.6 to 5 Acres Architectural Style: Ranch Appliances: Electric Water Heater Cooling: Central Air Heating: Central Water Source: Public Sewer: Septic Tank Construction Materials: Brick Pool Features: None Roof: Shingle Parking Features: Detached Lot Features: Historic Area; Wooded Current Use: Residential Possession: Negotiable

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2019-12-13

Location Tax and Legal

Street Number: 533
Street Name: UNIVERSITY
Street Suffix: Boulevard
Street Direction Suffix: N
County: Duval
State: FL
Postal Code: 32211
MLS Area Major: 041-Arlington
Subdivision Name: Clifton

Status Change Information

Major Change Timestamp: 2020-04-20T20:53:32Z
Major Change Type: Status Change
Purchase Contract Date: 2020-01-23
Close Date: 2020-04-20
Close Price: 250000

More Information

Listing Office: RE/MAX WATERMARKE

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.