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.

677 ROGER SHERMAN Street, Orange Park, FL 32073 (MLS# 2053876)

677 ROGER SHERMAN Street, Orange Park, FL 32073

$328,000

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,991 Lot Size (sq. ft.): 11,326 Status: Closed

Current Price: $328,000 List Date: 10/31/2024 Last Modified: 10/15/2026

Overview

Description

Welcome to this beautiful, recently renovated home in a charming neighborhood! You don't want to miss this gem, featuring brand-new floors, fresh paint, and a modernized look throughout. The kitchen boasts generous counter space, ample cabinet storage, and stainless appliances included, making it perfect for cooking and entertaining. Step into the main living area, where a cozy fireplace and well-placed windows fill the space with natural light. The main bedroom and bathroom provide an ideal retreat for everyday living. Relax in the fenced-in backyard, complete with a patio and lush green grass, perfect for enjoying your favorite drink. SHED INCLUDES ELECTRICITY, AC, and INSULATION.

Listing Details MLS# 2053876

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1991
Living Area Source: Appraiser
Year Built: 1983
Lot Size Acres: 0.26
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: House in on you left when you enter onto Roger Sherman St.
Public Remarks: Welcome to this beautiful, recently renovated home in a charming neighborhood! You don't want to miss this gem, featuring brand-new floors, fresh paint, and a modernized look throughout. The kitchen boasts generous counter space, ample cabinet storage, and stainless appliances included, making it perfect for cooking and entertaining. Step into the main living area, where a cozy fireplace and well-placed windows fill the space with natural light. The main bedroom and bathroom provide an ideal retreat for everyday living. Relax in the fenced-in backyard, complete with a patio and lush green grass, perfect for enjoying your favorite drink. SHED INCLUDES ELECTRICITY, AC, and INSULATION.
List Price/SqFt: 159.72
Sold Price/SqFt: 164.74

Property Features

Appliances: Dishwasher; Electric Range; Microwave; Refrigerator Utilities: Cable Available; Electricity Available; Water Connected Cooling: Central Air Heating: Central Water Source: Private Pool Features: None Parking Features: Attached Current Use: Residential Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Appraisal; Inspection

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2024-10-28

Location Tax and Legal

Street Number: 677
Street Name: ROGER SHERMAN
Street Suffix: Street
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 134-South Blanding
Subdivision Name: Heritage

Status Change Information

Major Change Timestamp: 2024-12-13T18:28:22Z
Major Change Type: Status Change
Purchase Contract Date: 2024-11-11
Close Date: 2024-12-12
Close Price: 328000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: 904 REALTY LLC

Last Updated: October - 15 - 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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