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.

5394 OAK BAY Drive N, Jacksonville, FL 32277 (MLS# 2171346)

5394 OAK BAY Drive N, Jacksonville, FL 32277

New Listing

$605,000

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 4,111 Lot Size (sq. ft.): 16,553 Status: Active

Current Price: $605,000 List Date: 10/29/2026 Last Modified: 11/04/2026

Overview

Description

Welcome to this spacious two-story pool home one lot away from st.johns river with public ramp close by in the desirable Charter Point community! Offering approximately 4,111 square feet of living space, this impressive residence features 4 bedrooms, 4 full bathrooms, and a private in-ground swimming pool. Situated on a generous 0.38-acre corner lot, the property provides plenty of room for comfortable living, entertaining, and enjoying the Florida lifestyle. Additional highlights include a two-car garage and a convenient location near shopping, dining, and major roadways. Enjoy the charm of an established neighborhood with scenic views of the St. Johns River from the front yard. This is a wonderful opportunity to own a spacious home in one of Jacksonville's established communities. Schedule your private showing today!

Listing Details MLS# 2171346

General Property Information

Bedrooms Total: 4
Bathrooms Full: 4
Bathrooms Total: 4
Living Area: 4111
Living Area Source: Public Records
Year Built: 1985
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.38
Lot Size Dimensions: 135x125
Association YN: Yes
Association Fee: 275
Association Fee Frequency: Annually
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: Yes
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Senior Community YN: No
Directions: From Atlantic Blvd take I-295 N go to FL-116 W/Merrill Rd. Take exit 46 from I-295 N, continue on Merrill Rd to University Blvd N, then to Oak Bay Dr
Public Remarks: Welcome to this spacious two-story pool home one lot away from st.johns river with public ramp close by in the desirable Charter Point community! Offering approximately 4,111 square feet of living space, this impressive residence features 4 bedrooms, 4 full bathrooms, and a private in-ground swimming pool. Situated on a generous 0.38-acre corner lot, the property provides plenty of room for comfortable living, entertaining, and enjoying the Florida lifestyle. Additional highlights include a two-car garage and a convenient location near shopping, dining, and major roadways. Enjoy the charm of an established neighborhood with scenic views of the St. Johns River from the front yard. This is a wonderful opportunity to own a spacious home in one of Jacksonville's established communities. Schedule your private showing today!
List Price/SqFt: 147.17

Property Features

Appliances: Convection Oven; Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Washer Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Pool Features: In Ground Parking Features: Attached; Garage Current Use: Residential; Single Family 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: 2026-10-28

Location Tax and Legal

Street Number: 5394
Street Name: OAK BAY
Street Suffix: Drive
Street Direction Suffix: N
County: Duval
State: FL
Postal Code: 32277
MLS Area Major: 041-Arlington
Subdivision Name: Charter Point

Status Change Information

Major Change Timestamp: 2026-10-29T03:43:06Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: ZALLOUM REALTY LLC

Last Updated: November - 04 - 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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