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.

5548 MARATHON Parkway, Jacksonville, FL 32244 (MLS# 2171077)

5548 MARATHON Parkway, Jacksonville, FL 32244

$169,900

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,392 Lot Size (sq. ft.): 2,178 Status: Active

Current Price: $169,900 List Date: 10/27/2026 Last Modified: 10/27/2026

Overview

Description

Welcome to this freshly updated two-story home in the Lexington Square neighborhood on Jacksonville's Westside. Inside, the home has been freshly painted throughout in a clean, neutral two-tone palette, and new carpet has been installed in all three bedrooms, the upstairs landing, and the stairs. Enjoy a convenient Westside location close to Wesconnett Park, everyday shopping and dining along Blanding Blvd, and easy access to I-295 and NAS Jacksonville. A move-in-ready opportunity for first-time buyers and anyone seeking value without HOA fees.

Listing Details MLS# 2171077

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1392
Living Area Source: Appraiser
Year Built: 1985
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.05
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Senior Community YN: No
Directions: from I-295 (West Beltway), exit at 103rd St (SR-134) and head east toward the Wesconnett area. Lexington Square is in the Wesconnett area near 103rd St and Wesconnett Blvd; Marathon Pkwy, Cabot Dr, and Bryner Dr run through the neighborhood. Continue to 5548 Marathon Pkwy.
Public Remarks: Welcome to this freshly updated two-story home in the Lexington Square neighborhood on Jacksonville's Westside. Inside, the home has been freshly painted throughout in a clean, neutral two-tone palette, and new carpet has been installed in all three bedrooms, the upstairs landing, and the stairs. Enjoy a convenient Westside location close to Wesconnett Park, everyday shopping and dining along Blanding Blvd, and easy access to I-295 and NAS Jacksonville. A move-in-ready opportunity for first-time buyers and anyone seeking value without HOA fees.
List Price/SqFt: 122.05

Property Features

Appliances: Dishwasher; Microwave Utilities: Electricity Available; Sewer Available; Water Available Cooling: Central Air Heating: Other Water Source: Public Parking Features: Shared Driveway Current Use: Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: Yes
Listing Contract Date: 2026-10-27

Location Tax and Legal

Street Number: 5548
Street Name: MARATHON
Street Suffix: Parkway
County: Duval
State: FL
Postal Code: 32244
MLS Area Major: 056-Yukon/Wesconnett/oak Hill
Subdivision Name: Lexington

Status Change Information

Major Change Timestamp: 2026-10-27T17:09:11Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Documents

disclosures ›

ListingDocs ›

Listing Office: OFFERPAD BROKERAGE FL LLC

Last Updated: October - 27 - 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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