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.

572 CONSTITUTION Drive, Orange Park, FL 32073 (MLS# 2001782)

572 CONSTITUTION Drive, Orange Park, FL 32073

$185,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,335 Lot Size (sq. ft.): 12,197 Status: Closed

Current Price: $185,000 List Date: 1/03/2024 Last Modified: 5/13/2026

Overview

Description

3/2 home with over 1300sqft in cul-de-sac in pretty subdivision with no HOA or CDD fees. Close to highly rated Clay County schools and close to shopping and main routes to NAS Jacksonville, Cecil Commerce Center and downtown Jacksonville. Home has tons of potential and is just waiting for the right buyer to make it their own. Home needs lots TLC and will not go VA or FHA...but cash or an FHA/VA rehab loan should be a great option for this gem in the rough ...just waiting for it's new owner.

Listing Details MLS# 2001782

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1335
Living Area Source: Public Records
Year Built: 1986
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.28
Association YN: No
CDD Fee YN: No
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
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Direction Faces: East
Directions: From 295 South.on Banding past Kingsley then Right on first Constitution (by Advance Auto Store) then Right to home in cul-de-sac.
Public Remarks: 3/2 home with over 1300sqft in cul-de-sac in pretty subdivision with no HOA or CDD fees. Close to highly rated Clay County schools and close to shopping and main routes to NAS Jacksonville, Cecil Commerce Center and downtown Jacksonville. Home has tons of potential and is just waiting for the right buyer to make it their own. Home needs lots TLC and will not go VA or FHA...but cash or an FHA/VA rehab loan should be a great option for this gem in the rough ...just waiting for it's new owner.
List Price/SqFt: 164.79
Sold Price/SqFt: 138.58

Property Features

Architectural Style: Ranch Levels: One Property Condition: Fixer Appliances: Electric Range Flooring: Carpet Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Heat Pump Water Source: Public Sewer: Public Sewer Construction Materials: Frame; Wood Siding Patio And Porch Features: Screened Pool Features: None Roof: Shingle Parking Features: Attached Lot Features: Cul-De-Sac Current Use: Residential Road Frontage Type: City Street Possession: Close Of Escrow Listing Terms: Cash; Conventional Contingency Reason: Financing; Inspection

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2024-01-03

Location Tax and Legal

Street Number: 572
Street Name: CONSTITUTION
Street Suffix: Drive
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 134-South Blanding
Subdivision Name: Heritage Hills

Status Change Information

Major Change Timestamp: 2024-01-24T21:06:52Z
Major Change Type: Status Change
Contingent Date: 2024-01-19
Purchase Contract Date: 2024-01-03
Close Date: 2024-01-24
Close Price: 185000

DPR Eligible

DPR Eligible: No

More Information

Documents

No HOA Doc ›

Sellers Property Disclosure ›

Listing Office: WATSON REALTY CORP

Last Updated: May - 13 - 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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