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.

5332 AMAZON Avenue, Jacksonville, FL 32254 (MLS# 967874)

5332 AMAZON Avenue, Jacksonville, FL 32254

$50,000

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 768 Status: Closed

Current Price: $50,000 List Date: 11/20/2018 Last Modified: 10/23/2026

Overview

Description

Investor or first time home buyer alert. Nicely updated home bringing $800 per month. Many newer items including metal roof, HVAC, plumbing and more. Tenant in place 3 years and wants to stay! Call today and add this to your portfolio.

Listing Details MLS# 967874

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 768
Living Area Source: Public Records
Year Built: 1956
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Carport Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From intersection of Edgewood and Beaver Street head North on Edgewood. To left on Shenandoah. Right turn onto Lucoma, then right turn onto Amazon, house on the right.
Public Remarks: Investor or first time home buyer alert. Nicely updated home bringing $800 per month. Many newer items including metal roof, HVAC, plumbing and more. Tenant in place 3 years and wants to stay! Call today and add this to your portfolio.
List Price/SqFt: 76.82
Sold Price/SqFt: 65.1

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Other Appliances: Electric Water Heater Cooling: Central Air Heating: Central; Heat Pump Water Source: Well Sewer: Septic Tank Construction Materials: Aluminum Siding; Brick; Frame Pool Features: None Roof: Metal Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2018-11-20

Location Tax and Legal

Street Number: 5332
Street Name: AMAZON
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32254
MLS Area Major: 074-Paxon
Subdivision Name: Biltmore

Status Change Information

Major Change Timestamp: 2019-01-14T18:32:09Z
Major Change Type: Status Change
Purchase Contract Date: 2019-01-08
Close Date: 2019-01-14
Close Price: 50000

Historical Information

Public Historical Remarks 2: Fenced Partial: Y

More Information

Documents

Sellers Disclosure ›

Lead Based Paint ›

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.