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.

589 THOMAS MCKEEN, Orange Park, FL 32073 (MLS# 2067537)

589 THOMAS MCKEEN, Orange Park, FL 32073

$293,700

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,708 Lot Size (sq. ft.): 8,712 Status: Closed

Current Price: $293,700 List Date: 1/30/2025 Last Modified: 10/27/2026

Overview

Description

Welcome to this beautifully renovated 4-bed, 2-bath home in the highly desirable Heritage Hills subdivision. Here, you have no mandatory HOA, and close proximity to schools and shopping. This move-in-ready house boasts fresh paint, new flooring, a brand-new roof, updated kitchen with new modern cabinets, granite countertops, and stainless steel appliances. All-new electrical and plumbing fixtures enhance the charm even further. (The lawn was recently seeded and fertilized and will soon be lush and green.) Come see it today! Seller is a licensed Real Estate Sales Associate

Listing Details MLS# 2067537

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1708
Living Area Source: Appraiser
Year Built: 1983
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: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: From Blanding Blvd headed south, turn right onto Constitution Drive, then left onto Thomas McKeen St. The property is on the left.
Public Remarks: Welcome to this beautifully renovated 4-bed, 2-bath home in the highly desirable Heritage Hills subdivision. Here, you have no mandatory HOA, and close proximity to schools and shopping. This move-in-ready house boasts fresh paint, new flooring, a brand-new roof, updated kitchen with new modern cabinets, granite countertops, and stainless steel appliances. All-new electrical and plumbing fixtures enhance the charm even further. (The lawn was recently seeded and fertilized and will soon be lush and green.) Come see it today! Seller is a licensed Real Estate Sales Associate
List Price/SqFt: 169.79
Sold Price/SqFt: 171.96

Property Features

Architectural Style: Ranch Levels: One Property Condition: Updated/Remodeled Appliances: Electric Oven; Refrigerator Fireplace Features: Wood Burning Interior Features: Eat-in Kitchen Flooring: Vinyl Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Parking Features: Additional Parking Current Use: Residential Road Frontage Type: City Street Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2025-01-29

Location Tax and Legal

Street Number: 589
Street Name: THOMAS MCKEEN
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 134-South Blanding
Subdivision Name: Heritage Hills

Status Change Information

Major Change Timestamp: 2025-03-24T15:21:12Z
Major Change Type: Status Change
Purchase Contract Date: 2025-02-21
Close Date: 2025-03-21
Close Price: 293700

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Listing Office: INI REALTY

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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