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.

654 CHERRY GROVE Road, Orange Park, FL 32073 (MLS# 1031404)

654 CHERRY GROVE Road, Orange Park, FL 32073

$350,000

Virtual Tour

https://my.matterport.com/show/?m=vFyYSqPMJCU&mls=1

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 3,522 Status: Closed

Current Price: $350,000 List Date: 1/04/2020 Last Modified: 1/12/2026

Overview

Description

VIRTUAL TOUR.... This MUST SEE golf-course home is priced to sell and has so many upgrades and features including: New low-E vinyl windows with embedded tint and thermal transmission reduction, upgraded gutters, recently painted inside and out, new 1.5 ton Goodman Heat/AC unit, new carpet in living room, and in 2 bedrooms, the Bathtubs have been retiled and so much MORE! On the 2nd floor you'll enjoy the loft with balcony views. While you're up there, don't forget to check out the fully accessible attic boasting lots of potential. You'll enjoy a short walk to the amenity center/pool (just 3 houses away). Come and see for yourself all that this home has to offer.

Listing Details MLS# 1031404

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 3522
Living Area Source: Public Records
Year Built: 2004
Association YN: Yes
Association Fee: 690
Association Fee Frequency: Semi-Annually
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: 2
Directions: South on Blanding, Right into Orange Park Country Club, Follow through gate to stop sign, Left at Cherry Grove, Home on Right.
Public Remarks: VIRTUAL TOUR.... This MUST SEE golf-course home is priced to sell and has so many upgrades and features including: New low-E vinyl windows with embedded tint and thermal transmission reduction, upgraded gutters, recently painted inside and out, new 1.5 ton Goodman Heat/AC unit, new carpet in living room, and in 2 bedrooms, the Bathtubs have been retiled and so much MORE! On the 2nd floor you'll enjoy the loft with balcony views. While you're up there, don't forget to check out the fully accessible attic boasting lots of potential. You'll enjoy a short walk to the amenity center/pool (just 3 houses away). Come and see for yourself all that this home has to offer.
List Price/SqFt: 105.05
Sold Price/SqFt: 99.38

Property Features

Approx Parcel Size: .25 to .5 Acre Appliances: Dishwasher; Disposal; Electric Range; Gas Water Heater; Ice Maker; Microwave; Refrigerator Fireplace Features: Gas Interior Features: Breakfast Bar; Breakfast Nook; Built-in Features; Eat-in Kitchen; Entrance Foyer; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Tile; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Connected; Propane; Other Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Green Energy Efficient: Windows Security Features: Security System Owned; Smoke Detector(s) Construction Materials: Stucco Exterior Features: Balcony Pool Features: None Roof: Shingle Parking Features: Attached; Circular Driveway; Garage; Garage Door Opener Lot Features: Sprinklers In Front; Sprinklers In Rear View: Water Current Use: Residential; Single Family Association Amenities: Children's Pool; Clubhouse; Community Pool; Fitness Center; Jogging Path; Playground; Security; Tennis Court(s); Trash Association Fee Includes: Pest Control Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2020-01-04

Location Tax and Legal

Street Number: 654
Street Name: CHERRY GROVE
Street Suffix: Road
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 131-Meadowbrook/Loch Rane
Subdivision Name: Orange Park Cc

Status Change Information

Major Change Timestamp: 2023-11-14T10:24:12Z
Major Change Type: Price Reduced
Price Change Timestamp: 2020-05-03T14:45:31Z
Purchase Contract Date: 2020-06-30
Close Date: 2020-08-03
Close Price: 350000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Storage Room: Y, Bath-Owner Bath W/Whirlpool: Y, Interior Amenities-Tinted Window(s): Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Fireplace-Living Room: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Energy Features-Ridge Vents: Y, Energy Features-Forced Air: Y, Energy Features-Ceiling Fan(s): Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-French Door(s): Y, Fireplace Mantle: Y, Tile Fireplace: Y

Room Information

Room Name
Living Room
Family Room
Great Room
Loft
Utility Room

Listing Office: CROSSVIEW REALTY

Last Updated: January - 12 - 2026

Information deemed reliable but not guaranteed.