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.

5745 110TH Street, Jacksonville, FL 32244 (MLS# 2151656)

5745 110TH Street, Jacksonville, FL 32244

$460,000

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 1,144 Lot Size (sq. ft.): 77,537 Status: Active

Current Price: $460,000 List Date: 6/22/2026 Last Modified: 10/26/2026

Overview

Description

4 Move-In Ready Units - 2BR/1BA Bungalow Home PLUS a Triplex (1BR/1BA, 2BR/1BA, 1BR/1BA) on 1.78 acres in Jacksonville, close to the Naval Base. New owner could live in one unit and rent the other 3 as income properties. Plenty of parking, peace and privacy - No HOA. Property is almost entirely fenced, with Fishoreing Creek running along the West border. All four units have their own electric meters with JEA, separate addresses and a group mailbox on 110th St. Well & multiple septic systems. Pole barn and shed at back of property. No leases currently in place. Endless possibilities with this unique property!

Listing Details MLS# 2151656

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 1144
Living Area Source: Assessor
Year Built: 1942
Accessory Dwelling Unit Y/N: Yes
Homestead YN: Yes
Lot Size Acres: 1.78
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
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Directions: I-295 to North on Blanding Blvd. Veer Right on Wesconnett Blvd. Right on 110th St. Property is on Left.
Public Remarks: 4 Move-In Ready Units - 2BR/1BA Bungalow Home PLUS a Triplex (1BR/1BA, 2BR/1BA, 1BR/1BA) on 1.78 acres in Jacksonville, close to the Naval Base. New owner could live in one unit and rent the other 3 as income properties. Plenty of parking, peace and privacy - No HOA. Property is almost entirely fenced, with Fishoreing Creek running along the West border. All four units have their own electric meters with JEA, separate addresses and a group mailbox on 110th St. Well & multiple septic systems. Pole barn and shed at back of property. No leases currently in place. Endless possibilities with this unique property!
List Price/SqFt: 402.1

Property Features

Levels: One Property Condition: Updated/Remodeled Appliances: Other Utilities: Electricity Connected Cooling: Varies by Unit Heating: Varies by Unit Water Source: Well Sewer: Septic Tank Construction Materials: Brick Veneer Other Structures: Barn(s); Shed(s) Parking Features: Additional Parking; Garage Current Use: Residential Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-06-22

Location Tax and Legal

Street Number: 5745
Street Name: 110TH
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32244
MLS Area Major: 056-Yukon/Wesconnett/oak Hill
Subdivision Name: Ortega Farms

Status Change Information

Major Change Timestamp: 2026-10-19T17:18:39Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-19T17:18:39Z

Accessory Dwelling Information

Dwelling Type: Apartment
ADU Attached Y/N: No
Bathrooms: 3

More Information

DPR Eligible

DPR Eligible: Yes

Listing Office: WATSON REALTY CORP

Last Updated: October - 26 - 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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