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.

5626 VERBENA Road, Jacksonville, FL 32209 (MLS# 2141633)

5626 VERBENA Road, Jacksonville, FL 32209

$165,000

Property Type: Residential Bedrooms: 5 Baths: 2 Square Footage: 2,251 Lot Size (sq. ft.): 8,712 Status: Closed

Current Price: $165,000 List Date: 10/02/2026 Last Modified: 10/30/2026

Overview

Description

This is a great opportunity to own a lovely 5-bedroom home that is already rented and generating income in a highly desirable and growing area. Currently leased at $1,600/month through September 2027, this property offers immediate cash flow from day one. The home features an excellent layout with spacious, well-distributed rooms, making it highly attractive for long-term tenants. Ideally located in a rapidly appreciating residential area, the property is just 13 minutes from Downtown and only 2 minutes from Northwestern Legends Elementary School. Photos were taken in 2021 prior to the current tenant's move-in. Don't miss this chance to invest in a well-located, income-producing property with strong long-term potential.

Listing Details MLS# 2141633

General Property Information

Bedrooms Total: 5
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1792
Living Area Source: Public Records
Building Area Total: 2251
Year Built: 1952
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.2
Lot Size Dimensions: 8645
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
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Direction Faces: East
Directions: From 95 Heading North Take Exit 355 Heading West on Golfair Blvd, Take a Right on Moncrief Rd, Take a Left on W 45th St, Take a Right on C St, Take a Left on Verbena Rd, Property will be on the Left.
Public Remarks: This is a great opportunity to own a lovely 5-bedroom home that is already rented and generating income in a highly desirable and growing area. Currently leased at $1,600/month through September 2027, this property offers immediate cash flow from day one. The home features an excellent layout with spacious, well-distributed rooms, making it highly attractive for long-term tenants. Ideally located in a rapidly appreciating residential area, the property is just 13 minutes from Downtown and only 2 minutes from Northwestern Legends Elementary School. Photos were taken in 2021 prior to the current tenant's move-in. Don't miss this chance to invest in a well-located, income-producing property with strong long-term potential.
List Price/SqFt: 95.98
Sold Price/SqFt: 92.08

Property Features

Architectural Style: Mid-Century Modern Levels: One Property Condition: Updated/Remodeled Rental Restrictions: No Minimum Appliances: Electric Range; Microwave; Refrigerator Flooring: Vinyl Utilities: Sewer Available Cooling: Central Air Heating: Central Water Source: Public Parking Features: On Street; Unassigned; Other Current Use: Residential; Single Family Road Surface Type: Asphalt Possession: Subject To Tenant Rights; Other Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-04-23

Location Tax and Legal

Street Number: 5626
Street Name: VERBENA
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32209
MLS Area Major: 075-Trout River/College Park/Ribault Manor
Subdivision Name: Magnolia Gardens

Status Change Information

Major Change Timestamp: 2026-10-30T20:13:27Z
Major Change Type: Status Change
Price Change Timestamp: 2026-05-14T14:54:59Z
Purchase Contract Date: 2026-10-06
Close Date: 2026-10-30
Close Price: 165000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: VIRTUALTY REAL ESTATE

Last Updated: October - 30 - 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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