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.

5427 BUNCHE Drive, Jacksonville, FL 32209 (MLS# 2170672)

5427 BUNCHE Drive, Jacksonville, FL 32209

$85,500

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,100 Lot Size (sq. ft.): 7,405 Status: Active

Current Price: $85,500 List Date: 10/23/2026 Last Modified: 10/23/2026

Overview

Description

A Little Vision, A World of Possibilities! Discover the potential in this 3-bedroom, 1-bathroom single-family home, featuring a circular driveway, an entry ramp for easier access, and a spacious backyard with mature shade trees. Conveniently located close to the airport and train station, this home offers a welcoming starting point for your next renovation project. The large backyard provides room for gardening, outdoor gatherings, or creating your own relaxing retreat. Inside, bring your creativity and renovation plans to give this home a fresh start. Repairs and updates are needed throughout, making this an appealing opportunity for investors, renovators, or buyers looking for a home they can transform. Come explore the possibilities and imagine what this property could become!

Listing Details MLS# 2170672

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 1100
Living Area Source: Public Records
Year Built: 1956
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.17
Association YN: No
CDD Fee YN: No
Accessibility Features YN: Yes
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: TAKE 95 NORTH TO GOLFAIR BLVD.EXIT.,LEFT ON GOLFAIR, TAKE A RIGHT ON MONCRIEF, TAKE A LEFT ON 45TH ST., TAKE A LEFT ON BUNCHE DR. , THE HOUSE IS ON THE LEFT.
Public Remarks: A Little Vision, A World of Possibilities! Discover the potential in this 3-bedroom, 1-bathroom single-family home, featuring a circular driveway, an entry ramp for easier access, and a spacious backyard with mature shade trees. Conveniently located close to the airport and train station, this home offers a welcoming starting point for your next renovation project. The large backyard provides room for gardening, outdoor gatherings, or creating your own relaxing retreat. Inside, bring your creativity and renovation plans to give this home a fresh start. Repairs and updates are needed throughout, making this an appealing opportunity for investors, renovators, or buyers looking for a home they can transform. Come explore the possibilities and imagine what this property could become!
List Price/SqFt: 77.73

Property Features

Architectural Style: Flat Accessibility Features: Accessible Approach with Ramp Appliances: None Interior Features: Pantry; Split Bedrooms Utilities: Cable Available; Electricity Available Cooling: Central Air Heating: Central Water Source: Public Smart Home Features: Bulbs Security Features: Smoke Detector(s) Roof: Shingle Parking Features: Circular Driveway Current Use: Residential; Single Family Road Surface Type: Asphalt Possession: Close Of Escrow; Negotiable Listing Terms: Cash; Conventional; FHA; Private Financing Available; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-23

Location Tax and Legal

Street Number: 5427
Street Name: BUNCHE
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32209
MLS Area Major: 075-Trout River/College Park/Ribault Manor
Subdivision Name: Floradale

Status Change Information

Major Change Timestamp: 2026-10-23T18:28:13Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: THE GARDNER EMPIRE REAL ESTATE

Last Updated: October - 23 - 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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