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.

5547 RIVERTON Road, Jacksonville, FL 32277 (MLS# 2168635)

5547 RIVERTON Road, Jacksonville, FL 32277

New Listing

$309,900

Virtual Tour

https://www.zillow.com/view-imx/32025263-18f3-4fff-88fd-caad8c2d267f?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,483 Lot Size (sq. ft.): 9,583 Status: Active

Current Price: $309,900 List Date: 11/02/2026 Last Modified: 11/03/2026

Overview

Description

**NEW ROOF**FULLY FENCED**UPDATED** Discover the perfect blend of charming character and modern updates in this delightful University Park home with NO HOA/CDD! Offering 3 beds, 3 baths, and a BONUS ROOM, this residence welcomes you with a cozy custom foyer bench alcove, gorgeous original HARDWOOD FLOORS, accent walls, and FLOATING SHELVES. The sunlit living room flows seamlessly into a dedicated dining room with stylish lighting and a gourmet kitchen featuring tile flooring, stainless steel appliances, rustic wood plank countertops paired with open-concept base cabinetry, and a wall-mounted cookware rack offering stylish, SPACE SAVING kitchen storage. The primary suite features a large walk-in closet and a floor-to-ceiling tiled shower. Additional highlights include a 2026 roof, 2017 water heater, 2015 HVAC, a garage BONUS WORKSHOP SPACE, and a huge, fully fenced yard. Enjoy proximity to walking trails, boat ramps, parks, and a golf course. Schedule your private tour today!

Listing Details MLS# 2168635

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1861
Living Area Source: Public Records
Building Area Total: 2483
Year Built: 1960
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.22
Lot Size Dimensions: 112 x 105
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: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Senior Community YN: No
Direction Faces: South
Directions: Take Exit 45 off I-295 for Merrill Road and drive west for 2.5 miles. Turn right onto University Boulevard North, head north for 1.2 miles, then turn right onto Riverton Road. The house will be on your right.
Public Remarks: **NEW ROOF**FULLY FENCED**UPDATED** Discover the perfect blend of charming character and modern updates in this delightful University Park home with NO HOA/CDD! Offering 3 beds, 3 baths, and a BONUS ROOM, this residence welcomes you with a cozy custom foyer bench alcove, gorgeous original HARDWOOD FLOORS, accent walls, and FLOATING SHELVES. The sunlit living room flows seamlessly into a dedicated dining room with stylish lighting and a gourmet kitchen featuring tile flooring, stainless steel appliances, rustic wood plank countertops paired with open-concept base cabinetry, and a wall-mounted cookware rack offering stylish, SPACE SAVING kitchen storage. The primary suite features a large walk-in closet and a floor-to-ceiling tiled shower. Additional highlights include a 2026 roof, 2017 water heater, 2015 HVAC, a garage BONUS WORKSHOP SPACE, and a huge, fully fenced yard. Enjoy proximity to walking trails, boat ramps, parks, and a golf course. Schedule your private tour today!
List Price/SqFt: 166.52

Property Features

Levels: Two Rental Restrictions: No Minimum Appliances: Dishwasher; Dryer; Electric Cooktop; Electric Oven; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Primary Bathroom - Shower No Tub Flooring: Wood Laundry Features: Electric Dryer Hookup; In Unit; Lower Level; Washer Hookup Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Smart Home Features: Locks; Programmable Thermostat Security Features: Smoke Detector(s) Construction Materials: Brick; Wood Siding Patio And Porch Features: Covered; Front Porch; Patio Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Corner Lot Fencing: Back Yard; Fenced Current Use: Residential; Single Family Community Features: Curbs; Sidewalks; Street Lights Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan