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.

534 SHERWOOD OAKS Drive, Orange Park, FL 32073 (MLS# 1064911)

534 SHERWOOD OAKS Drive, Orange Park, FL 32073

$176,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 1,699 Status: Closed

Current Price: $176,000 List Date: 7/25/2020 Last Modified: 4/12/2026

Overview

Description

Welcome home! Spacious 4/2.5 townhome in a quiet area away from the hustle and bustle of Jacksonville yet easily accessible to anything you need. Home boasts of a large updated kitchen with Stainless steel appliances and granite countertops, Master bedroom is downstairs with three generous bedrooms upstairs, and a full 2 car garage. Start your new life with instant equity. This home is even priced $9000 below appraisal value. It won't last long!

Listing Details MLS# 1064911

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1699
Living Area Source: Public Records
Year Built: 2012
Association YN: Yes
Association Fee: 165
Association Fee Frequency: Monthly
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: I-295 to exit 12 stay left and exit on Collins rd. Turn left onto Rampart Rd. , right on Argyle Forest, Left on Chadwick, left on Sherwood oaks, left on Sherwood Oaks Dr. Home is on the left.
Public Remarks: Welcome home! Spacious 4/2.5 townhome in a quiet area away from the hustle and bustle of Jacksonville yet easily accessible to anything you need. Home boasts of a large updated kitchen with Stainless steel appliances and granite countertops, Master bedroom is downstairs with three generous bedrooms upstairs, and a full 2 car garage. Start your new life with instant equity. This home is even priced $9000 below appraisal value. It won't last long!
List Price/SqFt: 98.29
Sold Price/SqFt: 103.59

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Electric Range; Electric Water Heater; Microwave; Refrigerator Interior Features: Breakfast Bar; Primary Bathroom - Shower No Tub; Primary Downstairs Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Pool Features: None Parking Features: Attached; Garage Current Use: Single Family Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2020-07-24

Location Tax and Legal

Street Number: 534
Street Name: SHERWOOD OAKS
Street Suffix: Drive
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 139-Oakleaf/Orange Park/NW Clay County
Subdivision Name: Plantation Village

Status Change Information

Major Change Timestamp: 2020-09-09T16:15:17Z
Major Change Type: Status Change
Purchase Contract Date: 2020-08-01
Close Date: 2020-09-04
Close Price: 176000

Historical Information

Public Historical Remarks 1: Dining-Kitchen/Family Combo: Y

More Information

Documents

HOA Rules ›

Listing Office: NAVY TO NAVY HOMES LLC

Last Updated: April - 12 - 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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