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.

5536 Pinehill Lane, Jacksonville, FL 32244 (MLS# 694438)

5536 Pinehill Lane, Jacksonville, FL 32244

$54,900

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,108 Status: Closed

Current Price: $54,900 List Date: 1/30/2014 Last Modified: 11/04/2026

Overview

Description

Not a short sale or REO-but, a ''Move in ready'' 2/2 townhome with new wood laminate floors & newer appliances. Lots of closet space & an office, sitting area or nursery off of the master. Partially fenced backyard & nice patio for entertaining. Newer Hot water Heater, AC unit, refrigerator, stove & dishwasher!

Supplements: Association fees cover: basic lawn maintenance, siding maintenance, termite bond & annual pest control, tree trimming off of the roof & siding.

Listing Details MLS# 694438

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1108
Living Area Source: Public Records
Year Built: 1986
Lot Size Dimensions: .07
Association YN: Yes
Association Fee: 75
Association Fee Frequency: Monthly
Association Name: Duval Realty, Inc.
Association Phone: 904-367-1817
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: Going towards Orange Park on the Buckman Bridge-take first exit on R-then veer R onto Roosevelt.Take first L at light on to Collins Rd.Follow until you see Whispering Pines Complex on L to Pinehill Ln
Public Remarks: Not a short sale or REO-but, a ''Move in ready'' 2/2 townhome with new wood laminate floors & newer appliances. Lots of closet space & an office, sitting area or nursery off of the master. Partially fenced backyard & nice patio for entertaining. Newer Hot water Heater, AC unit, refrigerator, stove & dishwasher!
List Price/SqFt: 53.25
Sold Price/SqFt: 49.55

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Electric Range; Electric Water Heater; Microwave; Refrigerator Interior Features: Breakfast Bar; Pantry; Primary Bathroom - Tub with Shower; Skylight(s); Split Bedrooms; Vaulted Ceiling(s) Flooring: Carpet; Laminate; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available Cooling: Central Air Heating: Central; Electric Water Source: Public Sewer: Public Sewer Construction Materials: Frame; Stucco Patio And Porch Features: Patio Pool Features: None Roof: Shingle Parking Features: Other Fencing: Fenced; Wood Current Use: Multi-Family; Residential Association Amenities: Maintenance Grounds; Trash Association Fee Includes: Pest Control Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2013-12-02

Location Tax and Legal

Street Number: 5536
Street Name: Pinehill
Street Suffix: Lane
County: Duval
State: FL
Postal Code: 32244
MLS Area Major: 056-Yukon/Wesconnett/oak Hill
Subdivision Name: Whispering Pines

Status Change Information

Major Change Timestamp: 2014-02-19T12:17:20Z
Major Change Type: Status Change
Purchase Contract Date: 2014-02-10
Close Date: 2014-02-18
Close Price: 54900

Historical Information

Public Historical Remarks 1: Storage Room: Y
Public Historical Remarks 2: Covenants/Restrictions: Y, Energy Features-Ceiling Fan(s): Y, Dining-Living/Dining Combo: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Townhouse: Y, Fenced Partial: Y
Public Historical Remarks 3: Unit Type: Townhouse, Loft, Occupant Type: Vacant -Lockbox, See ShowingAssist, Back-Ups Accepted

More Information

Room Information

Room Name
Loft

Listing Office: KELLER WILLIAMS JACKSONVILLE

Last Updated: November - 04 - 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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