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.

701 OLD HICKORY Road, Jacksonville, FL 32207 (MLS# 827204)

701 OLD HICKORY Road, Jacksonville, FL 32207

$525,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,062 Status: Closed

Current Price: $525,000 List Date: 5/09/2016 Last Modified: 10/23/2026

Overview

Description

Spectacular Mediterranean home on the water across the river from Everbank field. Quick and easy boat ride to the Sports Complex or the Landing. This home is packed full of character, reflecting back to a time of an authentic Florida lifestyle. Gleaming hardwood floors, spacious designer kitchen, updated baths, multiple terraces over looking the water, nature preserve and the downtown sports complex are just the start to an impressive list of features in this meticulously maintained home. Just minutes to all the amenities of downtown. Additional features include a dock with 7,000 pound boat lift, stainless appliances, tankless hot water heater, water softener, irrigation system, Icynene spray foam insulated and security system. This is the waterfront home you've been looking for!

Listing Details MLS# 827204

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2062
Living Area Source: Plans
Year Built: 1950
Lot Size Dimensions: 75' x 210'
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: 2
Directions: West on Atlantic Boulevard. Just past Bishop Kenny High School, turn right on to Old Hickory. Follow around to the river's edge. Home is on right next to nature preserve.
Public Remarks: Spectacular Mediterranean home on the water across the river from Everbank field. Quick and easy boat ride to the Sports Complex or the Landing. This home is packed full of character, reflecting back to a time of an authentic Florida lifestyle. Gleaming hardwood floors, spacious designer kitchen, updated baths, multiple terraces over looking the water, nature preserve and the downtown sports complex are just the start to an impressive list of features in this meticulously maintained home. Just minutes to all the amenities of downtown. Additional features include a dock with 7,000 pound boat lift, stainless appliances, tankless hot water heater, water softener, irrigation system, Icynene spray foam insulated and security system. This is the waterfront home you've been looking for!
List Price/SqFt: 266.73
Sold Price/SqFt: 254.61

Property Features

Approx Parcel Size: .25 to .5 Acre Appliances: Tankless Water Heater Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Stucco Exterior Features: Boat Lift; Dock Patio And Porch Features: Covered; Patio Pool Features: None Parking Features: Circular Driveway; Other View: Protected Preserve; River Waterfront Features: Canal Front; Navigable Water Current Use: Residential 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: 2016-05-04

Location Tax and Legal

Street Number: 701
Street Name: OLD HICKORY
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32207
MLS Area Major: 021-St Nicholas Area
Subdivision Name: Saint Nicholas

Status Change Information

Major Change Timestamp: 2016-07-02T10:30:21Z
Major Change Type: Status Change
Purchase Contract Date: 2016-06-29
Close Date: 2016-06-30
Close Price: 525000

Historical Information

Public Historical Remarks 1: Bulkhead: Y, Waterfront Descrpt-Tidal: Y
Public Historical Remarks 2: Fenced Partial: Y
Public Historical Remarks 3: Occupant Type: Special Instructions, See ShowingAssist

More Information

Listing Office: THIRD AND MAIN REALTY

Last Updated: October - 23 - 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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