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.

5575 JACKSON Avenue, Orange Park, FL 32073 (MLS# 1260165)

5575 JACKSON Avenue, Orange Park, FL 32073

$315,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,550 Status: Closed

Current Price: $315,000 List Date: 12/05/2023 Last Modified: 9/22/2026

Overview

Description

Price Improvement!!! & $5,000 toward Buyers closing costs!!! Come see this beautiful stucco home located in Lakeside Estates. This Home features 3 bedrooms 2 bathrooms with split bedroom design. Offers a spacious dining room and living room separated by the kitchen. Finished sunroom provides additional room for entertaining or just getting away. The well manicured lawn and lush flower beds showcases the beautiful curb appeal of this house. Must See!! Close to shopping, parks and a paved walk path near Doctors Lake. Only 18 minutes to NAS Jacksonville. No HOA or CDD fees. Feel free to contact Nathan Ellison with any questions.

Listing Details MLS# 1260165

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1550
Living Area Source: Public Records
Year Built: 1974
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
Stories: Yes
Senior Community YN: No
Directions: I 295 to Blanding Blvd L on Suzanne Ave. Cross over Moody Ave. onto Greenridge Rd Left on Doctors Lake Dr., R on Forest Dr S, R on Forest Dr. Left on Jackson Ave house on the right.
Public Remarks: Price Improvement!!! & $5,000 toward Buyers closing costs!!! Come see this beautiful stucco home located in Lakeside Estates. This Home features 3 bedrooms 2 bathrooms with split bedroom design. Offers a spacious dining room and living room separated by the kitchen. Finished sunroom provides additional room for entertaining or just getting away. The well manicured lawn and lush flower beds showcases the beautiful curb appeal of this house. Must See!! Close to shopping, parks and a paved walk path near Doctors Lake. Only 18 minutes to NAS Jacksonville. No HOA or CDD fees. Feel free to contact Nathan Ellison with any questions.
List Price/SqFt: 203.23
Sold Price/SqFt: 203.23

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Ranch Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Microwave; Refrigerator Interior Features: Entrance Foyer; Split Bedrooms Flooring: Carpet; Tile; Vinyl Utilities: Cable Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Green Energy Efficient: Doors; Windows Construction Materials: Composition Siding; Stucco Pool Features: None Roof: Shingle Parking Features: Additional Parking Current Use: Single Family Road Surface Type: Asphalt Possession: Negotiable 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: 2023-12-04

Location Tax and Legal

Street Number: 5575
Street Name: JACKSON
Street Suffix: Avenue
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 136-Lakeside Estates
Subdivision Name: Lakeside Estates

Status Change Information

Major Change Timestamp: 2024-03-08T21:00:17Z
Major Change Type: Status Change
Price Change Timestamp: 2024-02-01T23:12:25Z
Purchase Contract Date: 2024-02-07
Close Date: 2024-03-08
Close Price: 315000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Dining-Dining 'L': Y, Side Entry Garage: Y, Structure Slab: Y, Fenced Partial: Y
Public Historical Remarks 3: Intermediate School: Other

Documents

Seller's Property Disclosure ›

Lead Paint Disclosure ›

Listing Office: KELLER WILLIAMS FIRST COAST REALTY

Last Updated: September - 22 - 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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