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.

561 PINE FOREST Trail, Orange Park, FL 32073 (MLS# 1251691)

561 PINE FOREST Trail, Orange Park, FL 32073

$245,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,431 Status: Closed

Current Price: $245,000 List Date: 10/07/2023 Last Modified: 1/14/2026

Overview

Description

Fantastic chance to acquire a townhouse priced at less than $300,000 in a great location! Whether you're looking to bring a loved one closer to you or embark on your first home-buying journey, this residence is a blank canvas awaiting your personal touch. It offers a private entrance, a one-car garage, a secluded backyard with a patio, a sunroom, and a living room with a stunning cathedral ceiling. Situated in a tranquil neighborhood adorned with mature trees, it also boasts convenient proximity to grocery stores, hospitals, and the interstate.

Listing Details MLS# 1251691

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1431
Living Area Source: Public Records
Year Built: 1984
Association YN: Yes
Association Fee: 1150
Association Fee Frequency: Annually
Association Name: Wells Landing HOA
Association Phone: 904-264-1665
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From I-295 to 17 South. Right of Wells Rd.Left on Wells Landing, Left of Pine Forest Tr. Home is on Left at 561 Pine Forest Tr.
Public Remarks: Fantastic chance to acquire a townhouse priced at less than $300,000 in a great location! Whether you're looking to bring a loved one closer to you or embark on your first home-buying journey, this residence is a blank canvas awaiting your personal touch. It offers a private entrance, a one-car garage, a secluded backyard with a patio, a sunroom, and a living room with a stunning cathedral ceiling. Situated in a tranquil neighborhood adorned with mature trees, it also boasts convenient proximity to grocery stores, hospitals, and the interstate.
List Price/SqFt: 178.2
Sold Price/SqFt: 171.21

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Refrigerator; Washer Interior Features: Primary Bathroom - Shower No Tub; Split Bedrooms; Vaulted Ceiling(s) Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Construction Materials: Wood Siding Pool Features: None Roof: Shingle Fencing: Back Yard Current Use: Residential; Single Family Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2023-10-05

Location Tax and Legal

Street Number: 561
Street Name: PINE FOREST
Street Suffix: Trail
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 133-North Orange Park
Subdivision Name: Wells Landing

Status Change Information

Major Change Timestamp: 2023-12-08T03:44:29Z
Major Change Type: Status Change
Price Change Timestamp: 2023-10-29T13:31:27Z
Purchase Contract Date: 2023-12-05
Close Date: 2023-12-07
Close Price: 245000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 2: Dining-Living/Dining Combo: Y
Public Historical Remarks 3: Occupant Type: Vacant, See ShowingAssist

Documents

HOA Documents ›

HOA Rules and Regulations ›

Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

Last Updated: January - 14 - 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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