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.

5340 REDRAC Street, Jacksonville, FL 32205 (MLS# 2172134)

5340 REDRAC Street, Jacksonville, FL 32205

New Listing

$259,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,411 Lot Size (sq. ft.): 7,405 Status: Active

Current Price: $259,000 List Date: 11/03/2026 Last Modified: 11/03/2026

Overview

Description

Beautifully renovated 3-bedroom, 2-bath home offering modern finishes and exceptional curb appeal. The open living area features a custom accent wall, while the updated kitchen boasts white shaker cabinets, granite countertops, subway tile backsplash, and stainless steel appliances. The spa-inspired primary bath includes dual vanities, a freestanding soaking tub, and a luxurious walk-in shower. Enjoy the covered front porch and spacious backyard, perfect for entertaining, relaxing, or creating your own outdoor oasis. Move-in ready and waiting for its new owner!

Listing Details MLS# 2172134

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1411
Living Area Source: Public Records
Year Built: 1954
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.17
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: Normandy Blvd to South on Lake Shore to left on Redrac St. Home is on right
Public Remarks: Beautifully renovated 3-bedroom, 2-bath home offering modern finishes and exceptional curb appeal. The open living area features a custom accent wall, while the updated kitchen boasts white shaker cabinets, granite countertops, subway tile backsplash, and stainless steel appliances. The spa-inspired primary bath includes dual vanities, a freestanding soaking tub, and a luxurious walk-in shower. Enjoy the covered front porch and spacious backyard, perfect for entertaining, relaxing, or creating your own outdoor oasis. Move-in ready and waiting for its new owner!
List Price/SqFt: 183.56

Property Features

Levels: One Property Condition: Updated/Remodeled Rental Restrictions: No Minimum Appliances: Dishwasher; Disposal; Electric Range; Microwave; Refrigerator Utilities: Cable Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Brick Patio And Porch Features: Front Porch Roof: Shingle Parking Features: Other Current Use: Single Family Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-11-03

Location Tax and Legal

Street Number: 5340
Street Name: REDRAC
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 052-Lakeshore
Subdivision Name: Hillcrest

Status Change Information

Major Change Timestamp: 2026-11-03T18:52:55Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: UNITED REAL ESTATE GALLERY

Last Updated: November - 03 - 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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