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.

5583 LUMBER MILL Road, Jacksonville, FL 32224 (MLS# 2167556)

5583 LUMBER MILL Road, Jacksonville, FL 32224

$739,000

Virtual Tour

https://www.zillow.com/view-imx/b2892a17-8221-4c44-8999-6a00bf5af40b?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

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Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,385 Lot Size (sq. ft.): 6,534 Status: Active

Current Price: $739,000 List Date: 10/02/2026 Last Modified: 11/03/2026

Overview

Description

2025 HOME • OUTDOOR KITCHEN • EXTENDED LANAI • MAIN-LEVEL PRIMARY SUITE • SEVEN PINES! This 4-bedroom, 2.5-bath, 2,385-sq.-ft. home features open-concept living and dining, a kitchen island with gas cooktop, and a main-floor primary bedroom. A separate guest suite adds flexible living space, while the upstairs laundry includes a washer and dryer. Additional features include a tankless water heater and attached 2-car garage with epoxy-coated flooring. Enjoy the outdoor summer kitchen and extended rear lanai overlooking a fenced backyard with front and rear irrigation. Seven Pines amenities include resort-style and lap pools, clubhouse, fitness center, pickleball courts, parks, playgrounds, and walking and biking trails, plus lake access and a kayak launch. Located near J. Turner Butler Blvd, I-295, St. Johns Town Center, Mayo Clinic, and the University of North Florida. 3D virtual tour and floor plan available.

Open Houses

Saturday, November 7, 1:00 pm - 4:00 pm

Listing Details MLS# 2167556

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2385
Living Area Source: Public Records
Year Built: 2025
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.15
Association YN: Yes
Association Fee: 8
Association Fee Frequency: Monthly
Association Name: Seven Pines Island
CDD Fee YN: Yes
CDD Fee Amount: 3020.99
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: 2
Senior Community YN: No
Direction Faces: West
Directions: From I-295: Take I-295 to J.T. Butler Blvd. (SR 202) east. Exit toward Kernan Blvd. and continue north. Turn into the Seven Pines community and follow community roads to Lumber Mill Rd. Continue to 5583 Lumber Mill Rd.
Public Remarks: 2025 HOME • OUTDOOR KITCHEN • EXTENDED LANAI • MAIN-LEVEL PRIMARY SUITE • SEVEN PINES! This 4-bedroom, 2.5-bath, 2,385-sq.-ft. home features open-concept living and dining, a kitchen island with gas cooktop, and a main-floor primary bedroom. A separate guest suite adds flexible living space, while the upstairs laundry includes a washer and dryer. Additional features include a tankless water heater and attached 2-car garage with epoxy-coated flooring. Enjoy the outdoor summer kitchen and extended rear lanai overlooking a fenced backyard with front and rear irrigation. Seven Pines amenities include resort-style and lap pools, clubhouse, fitness center, pickleball courts, parks, playgrounds, and walking and biking trails, plus lake access and a kayak launch. Located near J. Turner Butler Blvd, I-295, St. Johns Town Center, Mayo Clinic, and the University of North Florida. 3D virtual tour and floor plan available.
List Price/SqFt: 309.85

Property Features

Architectural Style: A-Frame Levels: Two Property Condition: Updated/Remodeled Appliances: Convection Oven; Dishwasher; Disposal; Dryer; Electric Range; Gas Cooktop; Gas Oven; Gas Water Heater; Ice Maker; Microwave; Refrigerator; Tankless Water Heater; Washer Interior Features: Ceiling Fan(s); Entrance Foyer; Guest Suite; Split Bedrooms Flooring: Carpet; Luxury Vinyl; Plank in Flooring; Tile; Vinyl Utilities: Cable Available; Cable Connected; Electricity Available; Electricity Connected; Sewer Available; Sewer Connected; Water Available; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Construction Materials: Fiber Cement Exterior Features: Outdoor Kitchen Patio And Porch Features: Patio Roof: Shingle Parking Features: On Street Lot Features: Cleared; Few Trees; Sprinklers In Front; Sprinklers In Rear Fencing: Back Yard; Fenced; Full; Invisible; Wire Current Use: Single Family Association Amenities: Clubhouse; Fitness Center; Playground Road Frontage Type: City Street; State Road Road Surface Type: Asphalt Possession: Close Of Escrow; Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: Yes
Listing Contract Date: 2026-10-02

Location Tax and Legal

Street Number: 5583
Street Name: LUMBER MILL
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32224
MLS Area Major: 027-Intracoastal West-South Of Jt Butler Blvd
Subdivision Name: Seven Pines

Status Change Information

Major Change Timestamp: 2026-10-22T18:49:14Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-22T18:49:14Z

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: CROSSVIEW REALTY

Last Updated: November - 03 - 2026

Information deemed reliable but not guaranteed.