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.

5871 COLLINS Road, Jacksonville, FL 32244 (MLS# 2171550)

5871 COLLINS Road, Jacksonville, FL 32244

New Listing

$1,300,000

Property Type: Residential Income Bedrooms: 20 Baths: 10 Square Footage: 467,012 Lot Size (sq. ft.): 85,378 Status: Active

Current Price: $1,300,000 List Date: 10/30/2026 Last Modified: 10/30/2026

Overview

Description

The S/D has been approved for 5 Single family Homes. Two of the 5 have been constructed and the other 3 SFH are in the final stages of Engineering/Permitting stage. The 3rd House will start construction shortly (unit 5905) The 2 completed units are already rented out. The asking price does not include the construction of the other 3 houses. The other 3 SFH can be constructed for the new owner at additional expenses by the original Builder. Each Unit is 4 Bd/2 Full Bath about $2300 SQ under the roof. Each lot is approx. .4 Acres. Back of the lots are facing a pound which provides them with a very big private back yard. The houses were built toward end of 2025. and the Lot for the other 3 SFH is cleared. Perfect location. Close to Blanding Blvd, near I 295 and close by shopping centers and restaurants Tenant Occupied. Please do not disturb tenants. Contact Listing Agent or through showtime for appointment. Hard Money financing is available with proper down payment.

Supplements: All the Plans and permits will be transferred to the New Owners. The Collins Rd S/D has been approved and the Lots are in process of identified with separate Parcel Id . The Owner is the actual Builder and is willing to assist in the construction of the other units if needed.

Listing Details MLS# 2171550

General Property Information

Number Of Buildings: 2
Number Of Units Total: 5
Bedrooms Total: 20
Bathrooms Total: 10
Bathrooms Full: 10
Living Area: 3578
Living Area Source: Appraiser
Building Area Total: 467012
Accessibility Features YN: Yes
New Construction YN: Yes
Estimated Completion Date: 2025-12-31
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Lot Size Acres: 1.96
Lot Size Dimensions: .4 Acres for each unit
Association YN: No
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories Total: Yes
Stories: Yes
Directions: From Intersection of Blanding Blvd and Collins RD Head South on Collins Rd The S/D is on the Left
Public Remarks: The S/D has been approved for 5 Single family Homes. Two of the 5 have been constructed and the other 3 SFH are in the final stages of Engineering/Permitting stage. The 3rd House will start construction shortly (unit 5905) The 2 completed units are already rented out. The asking price does not include the construction of the other 3 houses. The other 3 SFH can be constructed for the new owner at additional expenses by the original Builder. Each Unit is 4 Bd/2 Full Bath about $2300 SQ under the roof. Each lot is approx. .4 Acres. Back of the lots are facing a pound which provides them with a very big private back yard. The houses were built toward end of 2025. and the Lot for the other 3 SFH is cleared. Perfect location. Close to Blanding Blvd, near I 295 and close by shopping centers and restaurants Tenant Occupied. Please do not disturb tenants. Contact Listing Agent or through showtime for appointment. Hard Money financing is available with proper down payment.
List Price/SqFt: 363.33

Property Features

Appliances: Disposal; Electric Oven; Electric Water Heater; ENERGY STAR Qualified Freezer; ENERGY STAR Qualified Refrigerator; ENERGY STAR Qualified Water Heater; Microwave; Refrigerator Construction Materials: Frame Cooling: Central Air Current Use: Multi-Family Electric: 150 Amp Service Exterior Features: Balcony Financial Data Source: Owner Flooring: Laminate Green Building Verification Type: ENERGY STAR Certified Homes 2 Green Energy Efficient: Appliances Heating: Central; Electric; Heat Pump; Hot Water; Separate Meters Laundry Features: Electric Dryer Hookup Levels: One Listing Terms: Cash; Conventional; FHA; Private Financing Available; VA Loan Lot Features: Cleared Parking Features: Garage Possession: Close Of Escrow; Negotiable; Subject To Tenant Rights Road Frontage Type: City Street Road Surface Type: Asphalt Roof: Shingle Sewer: Septic Tank Tenant Pays: All Utilities; Cable TV; Electricity; Insurance Utilities: Cable Available; Cable Connected; Electricity Available; Electricity Connected; Natural Gas Available; Separate Electric Meters; Separate Water Meters; Sewer Available; Water Connected View: Creek/Stream; Pond; Trees/Woods Water Source: Public

Contract Information

Listing Contract Date: 2026-10-29
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 5871
Street Name: COLLINS
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32244
Subdivision Name: Section Land
MLS Area Major: 056-Yukon/Wesconnett/oak Hill

Status Change Information

Major Change Timestamp: 2026-10-30T12:22:27Z
Major Change Type: New Listing

Currently Not Used

Property Attached YN: Yes
yn11: No

More Information

Income and Expenses

Gross Income: 49002
Gross Scheduled Income: 323006900

Unit 1 Details

Unit ID: 5871
Actual Rent: 2300
Unit SqFt: 2380
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: finished and rented

Unit 2 Details

Unit ID: 5877
Unit SqFt: 2380
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: permit in process

Unit 3 Details

Unit ID: 5855
Unit SqFt: 2380
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: permit in process

Unit 4 Details

Unit ID: 5905
Unit SqFt: 2380
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: permitting is in completion stage

Unit 5 Details

Unit ID: 5915
Actual Rent: 2600
Unit SqFt: 2380
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: finished and rented

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: October - 30 - 2026

Information deemed reliable but not guaranteed.