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.

575 PURCELL Drive, Jacksonville, FL 32221 (MLS# 2112312)

575 PURCELL Drive, Jacksonville, FL 32221

$260,494

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,092 Lot Size (sq. ft.): 12,632 Status: Closed

Current Price: $260,494 List Date: 10/07/2025 Last Modified: 10/27/2026

Overview

Description

Charming 3-bedroom, 2-bath home on a 0.29-acre lot . Vinyl siding, freshly painted inside and out. Updated kitchen with new countertops and appliances, updated bathrooms, new carpet in bedrooms, and LVP flooring throughout the rest of the home. 2025 hot water heater, HVAC 2020, 150-amp panel, CPVC plumbing, and roof 2014. Two-car garage with new door and opener, plus new lighting and ceiling fans. Stainless appliances including dishwasher and stove convey. Large bartop for eating or doing homework !! Move-in ready . No CDD or HOA fees here !! 20x15 enclosed patio !!! Additional 12x12 back covered porch and new wood fencing in the rear yard !

Listing Details MLS# 2112312

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1092
Living Area Source: Public Records
Year Built: 1991
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.29
Lot Size Dimensions: Less then 1/2 acre
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
Directions: From I-10 take exit onto Harmond Blvd. Right on Crystal Springs Rd. Right on Purcell Dr. House is on the right.
Public Remarks: Charming 3-bedroom, 2-bath home on a 0.29-acre lot . Vinyl siding, freshly painted inside and out. Updated kitchen with new countertops and appliances, updated bathrooms, new carpet in bedrooms, and LVP flooring throughout the rest of the home. 2025 hot water heater, HVAC 2020, 150-amp panel, CPVC plumbing, and roof 2014. Two-car garage with new door and opener, plus new lighting and ceiling fans. Stainless appliances including dishwasher and stove convey. Large bartop for eating or doing homework !! Move-in ready . No CDD or HOA fees here !! 20x15 enclosed patio !!! Additional 12x12 back covered porch and new wood fencing in the rear yard !
List Price/SqFt: 237.36
Sold Price/SqFt: 238.55

Property Features

Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Electric Water Heater Interior Features: Breakfast Bar; Ceiling Fan(s); Eat-in Kitchen; Pantry; Primary Bathroom - Tub with Shower; Walk-In Closet(s) Flooring: Carpet; Vinyl Laundry Features: Electric Dryer Hookup; In Garage; Washer Hookup Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central; Electric Electric: 150 Amp Service Water Source: Public Sewer: Public Sewer Construction Materials: Aluminum Siding Patio And Porch Features: Glass Enclosed; Patio Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Fencing: Back Yard; Fenced; Wood Current Use: Residential; Single Family Road Frontage Type: City Street Road Surface Type: Asphalt 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: 2025-10-07

Location Tax and Legal

Street Number: 575
Street Name: PURCELL
Street Suffix: Drive
County: Duval
State: FL
Postal Code: 32221
MLS Area Major: 062-Crystal Springs/Country Creek Area
Subdivision Name: Crystal Springs

Status Change Information

Major Change Timestamp: 2025-11-14T07:11:59Z
Major Change Type: Status Change
Purchase Contract Date: 2025-10-16
Close Date: 2025-11-12
Close Price: 260494

DPR Eligible

DPR Eligible: No

More Information

Documents

Flood Disclosure ›

Offer Instructions ›

Sellers Disclosure ›

Listing Office: WATSON REALTY CORP

Last Updated: October - 27 - 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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