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.

5330 OAK FOREST Drive, Jacksonville, FL 32211 (MLS# 2166316)

5330 OAK FOREST Drive, Jacksonville, FL 32211

$265,000

Virtual Tour

https://coastal-studios.aryeo.com/sites/eppygpgd/unbranded

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 2,446 Lot Size (sq. ft.): 10,019 Status: Active

Current Price: $265,000 List Date: 9/24/2026 Last Modified: 10/29/2026

Overview

Description

Welcome to 5330 Oak Forest Drive, a charming home tucked away in the established River Forest neighborhood of Jacksonville. Offering over 1,600 square feet of living space, this home provides a comfortable layout with plenty of room to make it your own. Step inside to a bright interior featuring an eat-in kitchen with white cabinetry, generous counter space and multiple inviting living areas. Outside, enjoy a fenced backyard with a patio and plenty of green space for entertaining, pets, gardening or simply relaxing at home. The central Arlington location puts you near Jacksonville University and the St. Johns River while providing convenient access to Downtown Jacksonville, the sports and entertainment district, shopping, dining and major roadways. Inquire about the Lease to Purchase Option as well as an Assumable Loan option!

Listing Details MLS# 2166316

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 1654
Living Area Source: Public Records
Building Area Total: 2446
Year Built: 1950
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.23
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: Yes
Carport Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Directions: From Jacksonville University, head south on University Blvd N. Turn left onto River Forest Dr, then turn right onto Oak Forest Dr. Continue to 5330 Oak Forest Dr, which will be on your right.
Public Remarks: Welcome to 5330 Oak Forest Drive, a charming home tucked away in the established River Forest neighborhood of Jacksonville. Offering over 1,600 square feet of living space, this home provides a comfortable layout with plenty of room to make it your own. Step inside to a bright interior featuring an eat-in kitchen with white cabinetry, generous counter space and multiple inviting living areas. Outside, enjoy a fenced backyard with a patio and plenty of green space for entertaining, pets, gardening or simply relaxing at home. The central Arlington location puts you near Jacksonville University and the St. Johns River while providing convenient access to Downtown Jacksonville, the sports and entertainment district, shopping, dining and major roadways. Inquire about the Lease to Purchase Option as well as an Assumable Loan option!
List Price/SqFt: 160.22

Property Features

Appliances: Dishwasher; Electric Oven; Microwave; Refrigerator Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Parking Features: Carport Fencing: Back Yard Current Use: Residential Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Room Types: Kitchen; Living Room; Primary Bedroom

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-09-24

Location Tax and Legal

Street Number: 5330
Street Name: OAK FOREST
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32211
MLS Area Major: 041-Arlington
Subdivision Name: River Forest

Status Change Information

Major Change Timestamp: 2026-10-29T14:14:41Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-29T14:14:41Z

DPR Eligible

DPR Eligible: Yes

More Information

Room Information

Room Name	Length	Width
Living Room	11.58	18.90
Kitchen	12.00	23.42
Primary Bedroom	12.08	14.58

Documents

Flood Disclosure ›

LBP ›

SPD ›

Listing Office: REAL BROKER LLC

Last Updated: October - 29 - 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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