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.

5612 VERNON Road, Jacksonville, FL 32209 (MLS# 2171105)

5612 VERNON Road, Jacksonville, FL 32209

$119,900

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,125 Lot Size (sq. ft.): 7,841 Status: Active

Current Price: $119,900 List Date: 10/27/2026 Last Modified: 11/02/2026

Overview

Description

INVESTOR ALERT!!!! SUPER CLEAN 3BR, 2 BTH CONCRETE BLOCK HOME should offer an excellent opportunity for investors, landlords, or owner-occupants looking to add value. Whether you're looking for a buy-fix-sell project, an addition to your rental portfolio as part of a LONG TERM WEALTH BUILDING STRATEGY, or a home where you can build equity through improvements, this property offers plenty of potential! PROPERTY APPEARS TO HAVE BEEN REMODELED OVER RECENT YEARS, INCLUDING WHAT APPEARS TO BE A NEWER ROOF, AND SHOULD NEED AN A/C UNIT AND SOME TLC TO MAKE IT READY TO RENT! The property is being sold AS-IS, with the Seller making no repairs. Corporate Seller has an equitable interest in the property and is seeking cash or hard-money, but may consider conventional financing with right price and terms. Seller not interested in sight-unseen or blind offers. Bring your vision, your contractor, and your investment strategy!

Listing Details MLS# 2171105

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1125
Living Area Source: Assessor
Year Built: 1959
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.18
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: From US-1, turn right onto W 45th St, turn left onto Vernon Rd, house is on the left
Public Remarks: INVESTOR ALERT!!!! SUPER CLEAN 3BR, 2 BTH CONCRETE BLOCK HOME should offer an excellent opportunity for investors, landlords, or owner-occupants looking to add value. Whether you're looking for a buy-fix-sell project, an addition to your rental portfolio as part of a LONG TERM WEALTH BUILDING STRATEGY, or a home where you can build equity through improvements, this property offers plenty of potential! PROPERTY APPEARS TO HAVE BEEN REMODELED OVER RECENT YEARS, INCLUDING WHAT APPEARS TO BE A NEWER ROOF, AND SHOULD NEED AN A/C UNIT AND SOME TLC TO MAKE IT READY TO RENT! The property is being sold AS-IS, with the Seller making no repairs. Corporate Seller has an equitable interest in the property and is seeking cash or hard-money, but may consider conventional financing with right price and terms. Seller not interested in sight-unseen or blind offers. Bring your vision, your contractor, and your investment strategy!
List Price/SqFt: 106.58

Property Features

Property Condition: Fixer; Updated/Remodeled Appliances: None Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Parking Features: Off Street Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-27

Location Tax and Legal

Street Number: 5612
Street Name: VERNON
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32209
MLS Area Major: 075-Trout River/College Park/Ribault Manor
Subdivision Name: Floradale

Status Change Information

Major Change Timestamp: 2026-11-02T20:19:06Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-11-02T20:19:05Z

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: AMERICAN REAL ESTATE SOLUTIONS LLC

Last Updated: November - 02 - 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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