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.

658 CHESTNUT Street, Jacksonville, FL 32205 (MLS# 2169768)

658 CHESTNUT Street, Jacksonville, FL 32205

$279,950

81395717133__38BFB13B-4C2F-4D80-B434-14B

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 1,675 Lot Size (sq. ft.): 4,356 Status: Active

Current Price: $279,950 List Date: 10/17/2026 Last Modified: 11/03/2026

Overview

Description

Welcome to Murray Hill, bring the family. This new construction 4 bedroom, 3 full bathroom 2 car garage will blow you away. Nothing about this house is BUILDER GRADE. Large open concept floorplan framed out by crown molding and custom trim work in the living room and wood floors in common areas. A kitchen fit for a foodie. Stainless steel range hood hovering over a 5 burner cooktop accompanied by a built in GE Monogram oven and microwave, surrounded by 36 inch upper cabinets. The bathrooms feature tiled shower and tub surrounds. A truly unique home in one of the hottest neighborhoods in Jacksonville.

Listing Details MLS# 2169768

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 1675
Living Area Source: Plans
Year Built: 2022
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.1
Association YN: No
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 Post St go west on Melba St right on Gilmore St left on Chestnut St. House is on the left.
Public Remarks: Welcome to Murray Hill, bring the family. This new construction 4 bedroom, 3 full bathroom 2 car garage will blow you away. Nothing about this house is BUILDER GRADE. Large open concept floorplan framed out by crown molding and custom trim work in the living room and wood floors in common areas. A kitchen fit for a foodie. Stainless steel range hood hovering over a 5 burner cooktop accompanied by a built in GE Monogram oven and microwave, surrounded by 36 inch upper cabinets. The bathrooms feature tiled shower and tub surrounds. A truly unique home in one of the hottest neighborhoods in Jacksonville.
List Price/SqFt: 167.13

Property Features

Property Condition: Updated/Remodeled Rental Restrictions: No Minimum Appliances: Convection Oven; Dishwasher; Double Oven; Dryer; Electric Cooktop; Gas Cooktop; Microwave; Plumbed For Ice Maker; Refrigerator; Washer Interior Features: Ceiling Fan(s); Primary Bathroom - Shower No Tub; Split Bedrooms Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup Utilities: Cable Available; Cable Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Parking Features: Garage; Off Street Current Use: Residential Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-17

Location Tax and Legal

Street Number: 658
Street Name: CHESTNUT
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32205
MLS Area Major: 051-Murray Hill
Subdivision Name: Edmondsons Pinedale

Status Change Information

Major Change Timestamp: 2026-11-03T14:15:38Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-11-03T14:15:38Z

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: LIGHTHOUSE PROPERTY MANAGEMENT & REALTY LLC

Last Updated: November - 03 - 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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