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.

594 WILLIAM PENN Street, Orange Park, FL 32073 (MLS# 934981)

594 WILLIAM PENN Street, Orange Park, FL 32073

$189,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,566 Status: Closed

Current Price: $189,000 List Date: 5/05/2018 Last Modified: 7/29/2026

Overview

Description

All Brick home in Heritage Hills community, located near shopping and restaurants. Nice floorplan with large foyer, greatroom with vaulted ceilings and brick fireplace, formal dining room. Bathrooms with sky lights, Have your breakfast in the kitchen while looking out to the pretty yard with oak trees. Covered patio is off kitchen area. Spacious secondary bedrooms with walk in closet. Master bedroom has 2 closets and lots of storage. Newer Pergo floors in foyer,dining room and greatroom. Ac unit is newer also, this is a great place to call home!

Listing Details MLS# 934981

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1566
Living Area Source: Public Records
Year Built: 1979
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: Blanding Bvd south, right on first Constitution St, left on William Penn St. home on right
Public Remarks: All Brick home in Heritage Hills community, located near shopping and restaurants. Nice floorplan with large foyer, greatroom with vaulted ceilings and brick fireplace, formal dining room. Bathrooms with sky lights, Have your breakfast in the kitchen while looking out to the pretty yard with oak trees. Covered patio is off kitchen area. Spacious secondary bedrooms with walk in closet. Master bedroom has 2 closets and lots of storage. Newer Pergo floors in foyer,dining room and greatroom. Ac unit is newer also, this is a great place to call home!
List Price/SqFt: 120.69
Sold Price/SqFt: 120.69

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Appliances: Dishwasher; Electric Range; Electric Water Heater; Refrigerator Fireplace Features: Wood Burning Interior Features: Eat-in Kitchen; Entrance Foyer; Primary Bathroom - Shower No Tub; Walk-In Closet(s) Flooring: Laminate Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Construction Materials: Brick Patio And Porch Features: Covered; Patio Pool Features: None Roof: Shingle Parking Features: Attached; Garage Current Use: Residential Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2018-05-04

Location Tax and Legal

Street Number: 594
Street Name: WILLIAM PENN
Street Suffix: Street
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 134-South Blanding
Subdivision Name: Heritage Hills

Status Change Information

Major Change Timestamp: 2018-06-29T17:28:24Z
Major Change Type: Status Change
Purchase Contract Date: 2018-05-31
Close Date: 2018-06-29
Close Price: 189000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 2: Brick Fireplace: Y

Room Information

Room Name	Level	Length	Width	Remarks
Great Room	First	18.00	16.00
Dining Room	First	12.00	10.00	Separate Dining Room
Kitchen	First	11.00	10.00
Primary Bedroom	First	14.00	12.00
Bedroom 1	First	14.00	11.00
Bedroom 2	First	11.00	10.00

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: July - 29 - 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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