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.

688 SYCAMORE Way, Orange Park, FL 32073 (MLS# 2125598)

688 SYCAMORE Way, Orange Park, FL 32073

$512,000

Virtual Tour

https://view.lens2listing.com/order/efe59d98-3943-468b-2a8a-08de2047782d?branding=false

Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 4,251 Lot Size (sq. ft.): 7,841 Status: Closed

Current Price: $512,000 List Date: 1/22/2026 Last Modified: 5/30/2026

Overview

Description

OPEN HOUSE MAY 2, 11-1 Discover the perfect blend of space and comfort in this almost new 3,518 square foot home. Featuring 5 generously-sized bedrooms and 3 bathrooms, this residence is designed for modern living with an abundance of versatile spaces to suit your lifestyle. The multiple flex areas can be tailored to your needs, whether for a home office, playroom, or additional leisure space. Entertain with ease in the separate formal dining room, or opt for more casual gatherings in the dining area with counter seating for overflow. The well-appointed kitchen is a chef's delight, equipped with a gas cooktop, double ovens, making meal preparation a joyous experience. The primary en-suite is a true retreat, complete with double sinks, a soaking tub, a separate standalone shower, an oversized walk-in closet that fulfills all your storage needs. The attention to detail and spacious layout ensure that every inch of this home is functional and inviting.

Supplements: Step outside to enjoy the tranquility of your private, fenced-in backyard that overlooks a serene preserve, providing a peaceful oasis for relaxation or entertaining. An expansive covered and screened-in lanai protect you from the elements. With epoxy garage floors and a focus on practicality, this home is not just a place to live, but a sanctuary ... (Read more)

Listing Details MLS# 2125598

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 3518
Living Area Source: Builder
Building Area Total: 4251
Year Built: 2023
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.18
Association YN: Yes
Association Fee: 95
Association Fee Frequency: Annually
Association Name: Floridian Property Management
Association Phone: 904-592-4090
CDD Fee YN: Yes
CDD Fee Amount: 2411.6
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
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Senior Community YN: No
Direction Faces: Northwest
Directions: Argyle Forest Blvd to Cheswick Oak Ave to Firethorn Ave to Copperwood Ave to Sycamore Way
Public Remarks: OPEN HOUSE MAY 2, 11-1 Discover the perfect blend of space and comfort in this almost new 3,518 square foot home. Featuring 5 generously-sized bedrooms and 3 bathrooms, this residence is designed for modern living with an abundance of versatile spaces to suit your lifestyle. The multiple flex areas can be tailored to your needs, whether for a home office, playroom, or additional leisure space. Entertain with ease in the separate formal dining room, or opt for more casual gatherings in the dining area with counter seating for overflow. The well-appointed kitchen is a chef's delight, equipped with a gas cooktop, double ovens, making meal preparation a joyous experience. The primary en-suite is a true retreat, complete with double sinks, a soaking tub, a separate standalone shower, an oversized walk-in closet that fulfills all your storage needs. The attention to detail and spacious layout ensure that every inch of this home is functional and inviting.
List Price/SqFt: 149.94
Sold Price/SqFt: 145.54

Property Features

Levels: Two Appliances: Dishwasher; Disposal; Double Oven; Dryer; Electric Water Heater; Gas Cooktop; Microwave; Refrigerator; Tankless Water Heater; Washer Interior Features: Breakfast Nook; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Smart Home; Smart Thermostat; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: In Unit; Upper Level Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Cooling: Central Air; Electric; Split System Heating: Central; Electric Water Source: Public Sewer: Public Sewer Patio And Porch Features: Front Porch; Rear Porch; Screened Roof: Shingle Parking Features: Garage Door Opener; Underground Lot Features: Wooded Fencing: Back Yard Current Use: Single Family Association Amenities: Community Pool; Fitness Center; Park; Playground Community Features: Sidewalks; Street Lights Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Appraisal; Financing; Inspection