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.

5874 STUART Avenue, Jacksonville, FL 32254 (MLS# 2171002)

5874 STUART Avenue, Jacksonville, FL 32254

$175,000

59444021346__C5068085-4C0F-4845-9F7E-74E

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,976 Lot Size (sq. ft.): 8,712 Status: Active

Current Price: $175,000 List Date: 10/27/2026 Last Modified: 11/04/2026

Overview

Description

This property presents an opportunity for buyers looking to invest in a home with potential. The property needs repairs and improvements and is being sold AS-IS, WHERE-IS, with the seller making no repairs or warranties regarding the property's condition. The buyer is responsible for conducting their own due diligence, including inspections, verifying property details, assessing needed repairs, and confirming zoning, permits, and any other information important to their purchase. Seller will make no repairs. Buyers are encouraged to thoroughly evaluate the property and determine whether it meets their needs before submitting an offer. All offers are welcome and will be considered.

Listing Details MLS# 2171002

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1976
Living Area Source: Public Records
Year Built: 1953
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.2
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 112
Senior Community YN: No
Directions: From I-10 to Lane Ave and right on Stuart Ave
Public Remarks: This property presents an opportunity for buyers looking to invest in a home with potential. The property needs repairs and improvements and is being sold AS-IS, WHERE-IS, with the seller making no repairs or warranties regarding the property's condition. The buyer is responsible for conducting their own due diligence, including inspections, verifying property details, assessing needed repairs, and confirming zoning, permits, and any other information important to their purchase. Seller will make no repairs. Buyers are encouraged to thoroughly evaluate the property and determine whether it meets their needs before submitting an offer. All offers are welcome and will be considered.
List Price/SqFt: 88.56

Property Features

Architectural Style: Traditional Levels: One and One Half Property Condition: Fixer Rental Restrictions: No Minimum Appliances: None Flooring: Wood Utilities: Electricity Not Available; Water Not Available Cooling: None Heating: None Water Source: Public Sewer: Public Sewer Construction Materials: Concrete; Wood Siding Patio And Porch Features: Front Porch Roof: Shingle Parking Features: Other Fencing: Chain Link Current Use: Residential Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-24

Location Tax and Legal

Street Number: 5874
Street Name: STUART
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32254
MLS Area Major: 074-Paxon
Subdivision Name: **verifying Subd**

Status Change Information

Major Change Timestamp: 2026-10-27T02:12:11Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Documents

Wire fraud ›

Flood Disclosure ›

Title search ›

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: November - 04 - 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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