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.

5503 BLUE PACIFIC Drive, Jacksonville, FL 32257 (MLS# 2170723)

5503 BLUE PACIFIC Drive, Jacksonville, FL 32257

$397,000

81454438569__5A040ACA-7556-4791-BB95-202

81454450635__787177F1-9B61-4F18-AD2D-431

81454451835__68A3574D-FA72-46E9-A1DB-F31

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,422 Lot Size (sq. ft.): 7,405 Status: Pending

Current Price: $397,000 List Date: 10/23/2026 Last Modified: 10/29/2026

Overview

Description

All Brick Beauty in Mandarin. 3 Bedrooms and 2 Bathrooms. Sits directly in front of a beautiful pond and has a nice private back yard. This freshly updated home has new LVP flooring throughout the entire home. Updated kitchen with new Quartz countertops and stainless steel appliances. Freshly painted. New updated ceiling fans and lighting. Location is convenient to everything. Come see this move in ready home.

Listing Details MLS# 2170723

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1942
Living Area Source: Appraiser
Building Area Total: 2422
Year Built: 1994
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.17
Association YN: Yes
Association Fee: 180
Association Fee Frequency: Annually
Association Name: Stellar Properties
Association Phone: 904-613-3113
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Directions: Mandarin home off Hood Rd. Use to address.
Public Remarks: All Brick Beauty in Mandarin. 3 Bedrooms and 2 Bathrooms. Sits directly in front of a beautiful pond and has a nice private back yard. This freshly updated home has new LVP flooring throughout the entire home. Updated kitchen with new Quartz countertops and stainless steel appliances. Freshly painted. New updated ceiling fans and lighting. Location is convenient to everything. Come see this move in ready home.
List Price/SqFt: 204.43

Property Features

Architectural Style: Traditional Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Disposal; Dryer; Electric Oven; Electric Range; Ice Maker; Plumbed For Ice Maker; Refrigerator; Washer; Water Softener Owned Fireplace Features: Wood Burning Interior Features: Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; His and Hers Closets; Open Floorplan; Pantry; Primary Bathroom - Tub with Shower; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Luxury Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Brick; Brick Veneer Patio And Porch Features: Front Porch; Rear Porch Roof: Shingle Parking Features: Garage Fencing: Back Yard Current Use: Residential Road Frontage Type: City Street Road Surface Type: Asphalt 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: 2026-10-23

Location Tax and Legal

Street Number: 5503
Street Name: BLUE PACIFIC
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32257
MLS Area Major: 013-Beauclerc/Mandarin North
Subdivision Name: Brookhollow

Status Change Information

Major Change Timestamp: 2026-10-29T18:20:00Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-29

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Listing Office: MARC JOSEPH REALTY INC

Last Updated: October - 29 - 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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