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.

584 MADEIRA Drive, Orange Park, FL 32073 (MLS# 2045928)

584 MADEIRA Drive, Orange Park, FL 32073

$258,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,272 Lot Size (sq. ft.): 8,712 Status: Closed

Current Price: $258,000 List Date: 9/05/2024 Last Modified: 1/20/2026

Overview

Description

Welcome to 584 Madeira Dr., a charming 3-bedroom, 2-bath home nestled in the heart of Orange Park. The roof, AC, and water heater are all newer. Step outside to enjoy the fully fenced backyard, where a stunning magnolia tree offers shade and beauty year-round. Seller is offering a one year home warranty valued up to $650 at closing. **Seller is offering $7500 in flex cash as buyer needs**

Listing Details MLS# 2045928

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1272
Living Area Source: Appraiser
Year Built: 1969
Lot Size Acres: 0.2
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: Yes
Carport Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: From 295, Head South on Blanding BLVD. Turn Left on Edson Drive. Turn Right on Madeira Drive.
Public Remarks: Welcome to 584 Madeira Dr., a charming 3-bedroom, 2-bath home nestled in the heart of Orange Park. The roof, AC, and water heater are all newer. Step outside to enjoy the fully fenced backyard, where a stunning magnolia tree offers shade and beauty year-round. Seller is offering a one year home warranty valued up to $650 at closing. **Seller is offering $7500 in flex cash as buyer needs**
List Price/SqFt: 202.83
Sold Price/SqFt: 202.83

Property Features

Levels: One Appliances: Dishwasher; Electric Cooktop; Electric Range; Refrigerator Interior Features: Breakfast Bar; Ceiling Fan(s); Primary Bathroom - Shower No Tub Flooring: Tile; Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Electricity Available; Electricity Connected; Sewer Available; Sewer Connected; Water Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Patio And Porch Features: Covered; Patio Pool Features: None Roof: Shingle Parking Features: Attached Carport Fencing: Chain Link; Fenced Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2024-09-05

Location Tax and Legal

Street Number: 584
Street Name: MADEIRA
Street Suffix: Drive
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 132-Bellair/Grove Park
Subdivision Name: Bellair

Status Change Information

Major Change Timestamp: 2024-11-23T14:59:40Z
Major Change Type: Status Change
Price Change Timestamp: 2024-10-03T12:01:51Z
Purchase Contract Date: 2024-10-24
Close Date: 2024-11-22
Close Price: 258000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: NEXTHOME ENDLESS SUMMER

Last Updated: January - 20 - 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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