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.

5549 PLYMOUTH Street, Jacksonville, FL 32205 (MLS# 2142243)

5549 PLYMOUTH Street, Jacksonville, FL 32205

$115,000

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,147 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $115,000 List Date: 10/29/2026 Last Modified: 10/29/2026

Overview

Description

***Price Improvement***Investor opportunity! Income-producing rental property, recently rented for $1,300/month. Ideal for buy-and-hold investors, 1031 exchange buyers, or those looking to expand their rental portfolio. Located in a high-demand rental area with easy access to major highways, shopping, dining, and local amenities. Strong rental history and consistent occupancy potential make this a smart addition to any investment strategy. Property is vacant & easy to show. Schedule your showing today

Listing Details MLS# 2142243

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 1147
Living Area Source: Public Records
Year Built: 1952
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.13
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: Yes
Senior Community YN: No
Directions: Take I-10 to Cassat Ave. Left on Cassat and than Right on Plymouth St. House is down the St.
Public Remarks: ***Price Improvement***Investor opportunity! Income-producing rental property, recently rented for $1,300/month. Ideal for buy-and-hold investors, 1031 exchange buyers, or those looking to expand their rental portfolio. Located in a high-demand rental area with easy access to major highways, shopping, dining, and local amenities. Strong rental history and consistent occupancy potential make this a smart addition to any investment strategy. Property is vacant & easy to show. Schedule your showing today
List Price/SqFt: 100.26

Property Features

Architectural Style: Traditional Levels: One Property Condition: Fixer Rental Restrictions: No Minimum Appliances: Electric Range; Electric Water Heater Utilities: Electricity Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Parking Features: Other Current Use: Investment Road Frontage Type: City Street Possession: Close Of Escrow; Subject To Tenant Rights Listing Terms: Cash; Conventional Showing Requirements: Other

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-04-27

Location Tax and Legal

Street Number: 5549
Street Name: PLYMOUTH
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 052-Lakeshore
Subdivision Name: Metes & Bounds

Status Change Information

Major Change Timestamp: 2026-10-29T18:11:27Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-29T18:11:27Z

DPR Eligible

DPR Eligible: No

More Information

Listing Office: UNITED REAL ESTATE GALLERY

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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