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.

56499 DAVIS Road, Callahan, FL 32011 (MLS# 2173784)

56499 DAVIS Road, Callahan, FL 32011

New Listing

$110,000

Property Type: Land Lot Size (sq. ft.): 87,120 Status: Active

Current Price: $110,000 List Date: 11/14/2026 Last Modified: 11/14/2026

Overview

Description

2 acres available with plenty of wild life (deer, wild turkeys, cotton tail rabbits etc. ), 1 acre is cleared. Very peaceful come see the beautiful land that's available for site built home only. No mobile or manufactured homes.. Call listing agent to setup showings.

Listing Details MLS# 2173784

General Property Information

Number Of Lots: Yes
Lot Size Acres: 2
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Senior Community YN: No
Directions: I95 North Take 200 W/Fernandina Beach Exit turn left to Callahan. 10 miles, turn right on Griffin Rd(Fl Power Substation), Griffin Rd turns into Musslewhite, Turn Left on Davis Road. Go about 1 mile, For sale sign on left.
Public Remarks: 2 acres available with plenty of wild life (deer, wild turkeys, cotton tail rabbits etc. ), 1 acre is cleared. Very peaceful come see the beautiful land that's available for site built home only. No mobile or manufactured homes.. Call listing agent to setup showings.
List Price/Acre: 55000

Property Features

Current Use: Agricultural; Residential; Unimproved Lot Features: Agricultural; Cleared; Easement Access; Wooded Fencing: Wire Utilities: Sewer Not Available View: Trees/Woods Road Surface Type: Dirt Road Frontage Type: County Road; Easement; Private Road Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan Possession: Close Of Escrow Development Status: Raw Land

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2026-11-13

Location Tax and Legal

Street Number: 56499
Street Name: DAVIS
Street Suffix: Road
County: Nassau
State: FL
Postal Code: 32011
MLS Area Major: 492-Nassau County-W Of I-95/N To State Line
Subdivision Name: Metes & Bounds

Status Change Information

Major Change Timestamp: 2026-11-14T02:27:57Z
Major Change Type: New Listing

More Information

Documents

No Mobile Homes Disclosure ›

Flood Disclosure ›

Seller's Disclosure Needs Buyer's Sig ›

Licensee Disclosure ›

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: November - 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.