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.

5527 FORREST Drive, Orange Park, FL 32073 (MLS# 2094850)

5527 FORREST Drive, Orange Park, FL 32073

$334,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,376 Lot Size (sq. ft.): 9,583 Status: Closed

Current Price: $334,000 List Date: 6/23/2025 Last Modified: 1/19/2026

Overview

Description

Welcome to your spacious 4-bed, 3-bath POOL home with a ground-level mother-in-law suite, ideal for guests or extended family. This well-kept property features a large in-ground pool with a slide and diving board, perfect for entertaining, plus a second-floor balcony overlooking the backyard oasis. Inside offers a classic split-level layout with plenty of space and charm. The home has been lovingly maintained and is move-in ready. A two-car garage provides ample storage. Conveniently located near schools, shopping, and major roads. Up to $7500 of incentives available for qualified borrows with preferred lender.

Listing Details MLS# 2094850

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2376
Living Area Source: Appraiser
Year Built: 1974
Accessory Dwelling Unit Y/N: Yes
Homestead YN: Yes
Lot Size Acres: 0.22
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: Yes
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Senior Community YN: No
Directions: Head to I-295 N in Jacksonville. Take exit 28B for US-1 N/New Kings Rd. Continue on US-1 N, then turn right on Edgewood Ave W. Turn left on Old Kings Rd, then right on Forrest Blvd. Continue straight to 5527 Forrest Dr.
Public Remarks: Welcome to your spacious 4-bed, 3-bath POOL home with a ground-level mother-in-law suite, ideal for guests or extended family. This well-kept property features a large in-ground pool with a slide and diving board, perfect for entertaining, plus a second-floor balcony overlooking the backyard oasis. Inside offers a classic split-level layout with plenty of space and charm. The home has been lovingly maintained and is move-in ready. A two-car garage provides ample storage. Conveniently located near schools, shopping, and major roads. Up to $7500 of incentives available for qualified borrows with preferred lender.
List Price/SqFt: 147.31
Sold Price/SqFt: 140.57

Property Features

Architectural Style: Multi Generational Levels: Multi/Split; Two Appliances: Dishwasher; Disposal; Dryer; Electric Range; Refrigerator; Washer; Water Softener Owned Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Patio And Porch Features: Deck Pool Features: In Ground Parking Features: Attached; Garage Fencing: Back Yard; Full; Vinyl Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Inspection

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-05-29

Location Tax and Legal

Street Number: 5527
Street Name: FORREST
Street Suffix: Drive
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 136-Lakeside Estates
Subdivision Name: Orange Park

Status Change Information

Major Change Timestamp: 2025-08-04T17:34:36Z
Major Change Type: Status Change
Purchase Contract Date: 2025-07-20
Close Date: 2025-08-04
Close Price: 334000

Accessory Dwelling Information

Dwelling Type: Other
ADU Attached Y/N: Yes
Bathrooms: Yes

More Information

DPR Eligible

DPR Eligible: No

Documents

Listing Office: COLDWELL BANKER ANABASIS REALTY

Last Updated: January - 19 - 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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