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.

602 WILLIAM PENN Street, Orange Park, FL 32073 (MLS# 2126491)

602 WILLIAM PENN Street, Orange Park, FL 32073

$305,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,573 Lot Size (sq. ft.): 11,761 Status: Closed

Current Price: $305,000 List Date: 1/22/2026 Last Modified: 4/19/2026

Overview

Description

This is an affordable gem!! Newer kitchen was installed when the owner opened up the common space. All the windows in the house were replaced in 2018. The water heater and electric panel were replaced in Oct. 2025. The roof is 10 years old. This home has a very relaxed comfortable, cozy feel. The wood burning fireplace makes it feel warm and inviting. There are raised beds in the back yard to plant your spring garden and the owner graciously re-sided the shed for good use into the future. Nice home on a big corner lot. Whether you are a first-time home buyer or downsizing this is as good as it gets!! Let the kids play in the privacy fenced back yard. BBQ up a storm. You have plenty of room for friends, pets and in-laws!! As clean and as move-in ready as this house is there is still room for improvement down the road. If your inner weekend warrior wants a project bring your good taste.... it's waiting for them. Call for a showing today it won't last long!!

Listing Details MLS# 2126491

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1573
Living Area Source: Public Records
Year Built: 1981
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.27
Association YN: Yes
Association Fee Frequency: Voluntary
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: From Kingsley travel south on Balnding. Turn Right on Constitution. Turn Left on William Penn. Go to the end of the street and the house will be on the Right.
Public Remarks: This is an affordable gem!! Newer kitchen was installed when the owner opened up the common space. All the windows in the house were replaced in 2018. The water heater and electric panel were replaced in Oct. 2025. The roof is 10 years old. This home has a very relaxed comfortable, cozy feel. The wood burning fireplace makes it feel warm and inviting. There are raised beds in the back yard to plant your spring garden and the owner graciously re-sided the shed for good use into the future. Nice home on a big corner lot. Whether you are a first-time home buyer or downsizing this is as good as it gets!! Let the kids play in the privacy fenced back yard. BBQ up a storm. You have plenty of room for friends, pets and in-laws!! As clean and as move-in ready as this house is there is still room for improvement down the road. If your inner weekend warrior wants a project bring your good taste.... it's waiting for them. Call for a showing today it won't last long!!
List Price/SqFt: 197.08
Sold Price/SqFt: 193.9

Property Features

Architectural Style: Ranch Levels: One Property Condition: Updated/Remodeled Appliances: Disposal; Dryer; Electric Range; ENERGY STAR Qualified Dishwasher; ENERGY STAR Qualified Refrigerator; ENERGY STAR Qualified Water Heater; Ice Maker; Microwave; Washer Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Ceiling Fan(s); Open Floorplan; Primary Bathroom - Shower No Tub Flooring: Laminate; Tile Laundry Features: In Garage Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Construction Materials: Brick; Frame; Wood Siding Other Structures: Shed(s) Patio And Porch Features: Covered; Patio Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Corner Lot Fencing: Back Yard; Fenced; Privacy; Wood Current Use: Residential; Single Family Community Features: Sidewalks Road Frontage Type: City Street Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Appraisal; Financing; Inspection

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-01-20

Location Tax and Legal

Street Number: 602
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: 2026-04-19T21:33:33Z
Major Change Type: Status Change
Purchase Contract Date: 2026-03-27
Close Date: 2026-04-17
Close Price: 305000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Documents

Seller's Property Disclosure ›

Listing Office: EXP REALTY LLC

Last Updated: April - 19 - 2026

Information deemed reliable but not guaranteed.