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.

5425 PARK Street, Jacksonville, FL 32205 (MLS# 2171233)

5425 PARK Street, Jacksonville, FL 32205

$24,000

Property Type: Land Lot Size (sq. ft.): 14,810 Status: Active

Current Price: $24,000 List Date: 10/28/2026 Last Modified: 10/28/2026

Overview

Description

Recently checked with the county & City, confirmed it was buildable! 0.346 acre lot ready to be built, in the heart of Jacksonville. Great potential for future growth!

Listing Details MLS# 2171233

General Property Information

Lot Size Acres: 0.34
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Senior Community YN: No
Directions: Continue on US-17 S/Roosevelt Blvd. Drive to Park St 6 min (3.5 mi) Continue onto FL-228 W/US-17 S/Roosevelt Blvd Continue to follow US-17 S/Roosevelt Blvd 2.0 mi Exit onto FL-21 S/Blanding Blvd 0.6 mi Slight right toward Park St 171 ft Turn right onto Park St
Public Remarks: Recently checked with the county & City, confirmed it was buildable! 0.346 acre lot ready to be built, in the heart of Jacksonville. Great potential for future growth!
List Price/Acre: 70588.24

Property Features

Current Use: Other Lot Features: Other Utilities: Other Listing Terms: Cash; Owner May Carry Possession: Close Of Escrow

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2026-10-28

Location Tax and Legal

Street Number: 5425
Street Name: PARK
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 052-Lakeshore
Subdivision Name: Cedar Creek Farms

Status Change Information

Major Change Timestamp: 2026-10-28T15:59:06Z
Major Change Type: New Listing

More Information

Documents

Florida Flood Disclosure 2026 ›

Florida Seller's Vacant Land Proper ›

Listing Office: LISTWITHFREEDOM.COM

Last Updated: October - 28 - 2026

Broker Attribution: 855-456-4945

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare