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.

542 OAKMONT Drive, Orange Park, FL 32073 (MLS# 1177852)

542 OAKMONT Drive, Orange Park, FL 32073

$456,000

Virtual Tour

https://my.matterport.com/show/?m=5pwiugJqqFJ&mls=1

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,536 Status: Closed

Current Price: $456,000 List Date: 6/27/2022 Last Modified: 10/19/2026

Overview

Description

Luxurious, captivating, impeccable make this the perfect place to call home! **Lender credit of $2500 available with use of preferred lender!** Immaculate 3 car garage home with newer roof (2020), AC (2020), water heater (2021), interior & exterior paint and flooring. A charming courtyard entry welcomes you into the home featuring a formal living/ dining and a large family room with double sided gas-burning fireplace. Serene views of preserve beyond the covered patio and fenced yard are available from all main living areas and the master suite. Gather with friends and family in the open kitchen with loads of storage space, granite counter tops, prep island, and stainless steel appliances.

Supplements: Custom touches throughout the home include chair rail and picture frame molding in dining room, crown molding in formal areas, plantation shutters, cabinet storage in laundry, tile backsplash in kitchen and updated vanities in all bathrooms. Spacious Master suite offers bedroom with sitting area, walk in closet with California closet organizers, d ... (Read more)

Listing Details MLS# 1177852

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2536
Living Area Source: Public Records
Year Built: 2000
Lot Size Dimensions: 79x134x83x139
Association YN: Yes
Association Fee: 762
Association Fee Frequency: Semi-Annually
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: Exit I-295 to South Blanding, R on Kingsley into Orange Park Country Club. Continue to roundabout and turn R at the 2nd exit, then L on Graystone, R on Oakmont to home on L.
Public Remarks: Luxurious, captivating, impeccable make this the perfect place to call home! **Lender credit of $2500 available with use of preferred lender!** Immaculate 3 car garage home with newer roof (2020), AC (2020), water heater (2021), interior & exterior paint and flooring. A charming courtyard entry welcomes you into the home featuring a formal living/ dining and a large family room with double sided gas-burning fireplace. Serene views of preserve beyond the covered patio and fenced yard are available from all main living areas and the master suite. Gather with friends and family in the open kitchen with loads of storage space, granite counter tops, prep island, and stainless steel appliances.
List Price/SqFt: 187.3
Sold Price/SqFt: 179.81

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Appliances: Dishwasher; Electric Range; Gas Water Heater; Microwave Fireplace Features: Double Sided; Gas Interior Features: Breakfast Bar; Breakfast Nook; Eat-in Kitchen; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Propane Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Smart Home Features: Programmable Thermostat Construction Materials: Stucco Patio And Porch Features: Patio; Porch; Screened Roof: Shingle Parking Features: Attached; Garage View: Protected Preserve Current Use: Residential; Single Family Association Amenities: Community Pool; Playground; Security Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2022-06-27

Location Tax and Legal

Street Number: 542
Street Name: OAKMONT
Street Suffix: Drive
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 131-Meadowbrook/Loch Rane
Subdivision Name: Orange Park Cc

Status Change Information

Major Change Timestamp: 2023-11-17T13:22:42Z
Major Change Type: Price Reduced
Price Change Timestamp: 2022-09-03T21:45:25Z
Purchase Contract Date: 2022-09-13
Close Date: 2022-10-12
Close Price: 456000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Dining-Kitchen/Family Combo: Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Bath-Garden Bath: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-French Door(s): Y, Structure Slab: Y

Room Information

Room Name	Length	Width	Remarks
Utility Room
Primary Bedroom	12.00	18.00
Bedroom 1	11.00	13.00
Bedroom 2	11.00	12.00
Bedroom 3	11.00	12.00
Living Room	16.00	11.00
Other	9.00	9.00	Breakfast Room
Family Room	22.00	19.00
Kitchen	19.00	15.00
Dining Room	12.00	11.00	Separate Dining Room

Listing Office: KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE

Last Updated: October - 19 - 2026

Information deemed reliable but not guaranteed.