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.

5520 COMMUNITY OAKS Court, Jacksonville, FL 32207 (MLS# 2169745)

5520 COMMUNITY OAKS Court, Jacksonville, FL 32207

$174,900

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 980 Lot Size (sq. ft.): 4,356 Status: Active Under Contract

Current Price: $174,900 List Date: 10/17/2026 Last Modified: 10/29/2026

Overview

Description

Come on in and feel at home! This charming home offers an open floor plan that makes everyday living and entertaining a breeze, plus a Florida room with extra space to relax and unwind. Sitting on a corner lot, the home features fresh paint inside and out, easy-to-maintain LVP flooring, and a one-car garage. Step outside to the newer fenced backyard and patio, where you can fire up the grill, enjoy your morning coffee, or gather with friends and family. And here's the icing on the cake — NO HOA and NO CDD fees! If you're looking for a home with comfortable living space, a great outdoor area, and a little more freedom, this one is worth a look. Come see it for yourself!

Listing Details MLS# 2169745

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 980
Living Area Source: Public Records
Year Built: 1984
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.1
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: From San Jose Blvd. Go East on University Blvd. To Left on St. Augustine Rd. Then left on Community Blvd to Left on Community Oaks Ct. Also easy access to I-95
Public Remarks: Come on in and feel at home! This charming home offers an open floor plan that makes everyday living and entertaining a breeze, plus a Florida room with extra space to relax and unwind. Sitting on a corner lot, the home features fresh paint inside and out, easy-to-maintain LVP flooring, and a one-car garage. Step outside to the newer fenced backyard and patio, where you can fire up the grill, enjoy your morning coffee, or gather with friends and family. And here's the icing on the cake — NO HOA and NO CDD fees! If you're looking for a home with comfortable living space, a great outdoor area, and a little more freedom, this one is worth a look. Come see it for yourself!
List Price/SqFt: 178.47

Property Features

Appliances: Dishwasher; Electric Range; Refrigerator Interior Features: Ceiling Fan(s); Entrance Foyer; Open Floorplan; Primary Downstairs; Split Bedrooms; Other Flooring: Luxury Vinyl Utilities: Cable Available Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Parking Features: Attached; Garage; Other Fencing: Back Yard; Wood Current Use: Single Family Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Financing Room Types: Other Room

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2026-10-17

Location Tax and Legal

Street Number: 5520
Street Name: COMMUNITY OAKS
Street Suffix: Court
County: Duval
State: FL
Postal Code: 32207
MLS Area Major: 012-San Jose
Subdivision Name: Community Oaks

Status Change Information

Major Change Timestamp: 2026-10-26T00:08:17Z
Major Change Type: Status Change
Contingency: Active Under Contract
Contingent Date: 2026-10-24

DPR Eligible

DPR Eligible: Yes

More Information

Room Types

Other Room Level: Main

Room Information

Room Name	Level	Length	Width	Remarks
Other	Main	28.00	14.00	Living Rm/ Dining Rm Combo

Documents

Forms to add to P & S contract ›

Listing Office: FLORIDA HOMES REALTY & MTG LLC

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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