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.

5451 CRESTA Way 4, Jacksonville, FL 32211 (MLS# 1124187)

5451 CRESTA Way 4, Jacksonville, FL 32211

$435,000

Property Type: Residential Income Bedrooms: 8 Baths: 4 Square Footage: 4,028 Status: Closed

Current Price: $435,000 List Date: 8/04/2021 Last Modified: 10/22/2026

Overview

Description

Investor Dream!! Beautiful Brick Multi Family Property. located minutes to Downtown Jacksonville in Arlington Area. Four units, each unit have two bedrooms one bath. All units has 1100 sq ft of living space,hard wood flrs,ceramic in kitchen, electric stove, refrigerator. Four covered parking spaces. Replaced AC in 2020 Outside Utility space that could be turn into a laundry room Call Agent For More Information

Listing Details MLS# 1124187

General Property Information

Number Of Units Total: 4
Bedrooms Total: 8
Bathrooms Total: 4
Bathrooms Full: 4
Living Area: 4028
Living Area Source: Public Records
Year Built: 1956
Carport Spaces: 4
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Stories: 2
Directions: Arlington Expressway to Right on University Blvd. Left onto Los Santos Way. Right onto Arco Dr. Left onto Cresta Way. Property is on the right corner.
Public Remarks: Investor Dream!! Beautiful Brick Multi Family Property. located minutes to Downtown Jacksonville in Arlington Area. Four units, each unit have two bedrooms one bath. All units has 1100 sq ft of living space,hard wood flrs,ceramic in kitchen, electric stove, refrigerator. Four covered parking spaces. Replaced AC in 2020 Outside Utility space that could be turn into a laundry room Call Agent For More Information
List Price/SqFt: 139.03
Sold Price/SqFt: 107.99

Property Features

Appliances: Electric Oven; Electric Range; Electric Water Heater; Microwave; Refrigerator Cooling: Central Air Heating: Central Listing Terms: Cash; Conventional Lot Features: Irregular Lot Owner Pays: Grounds Care; Hot Water; Insurance; Management; Other Tax; Trash Collection Pool Features: None Possession: Negotiable Road Surface Type: Asphalt Roof: Shingle Security Features: Smoke Detector(s) Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date: 2021-08-03
Property Sub Type: Quadruplex

Location Tax and Legal

Street Number: 5451
Street Name: CRESTA
Street Suffix: Way
County: Duval
State: FL
Postal Code: 32211
Subdivision Name: Monterey
MLS Area Major: 041-Arlington

Status Change Information

Major Change Timestamp: 2021-09-24T17:55:21Z
Major Change Type: Status Change
Purchase Contract Date: 2021-09-03
Close Date: 2021-09-24
Close Price: 435000

Historical Information

Public Historical Remarks 1: Number of Buildings: 1 Building, Present Rental Terms: Year, Two Bedroom Rentals: $601 to $700/Month
Public Historical Remarks 2: Present Tenant Exp: All Electric,Security Deposit, Owner Pays-Payroll: Y

More Information

Listing Office: WATSON REALTY CORP

Last Updated: October - 22 - 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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