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.

703 KING Street, Jacksonville, FL 32204 (MLS# 2164332)

703 KING Street, Jacksonville, FL 32204

$219,999

Virtual Tour

https://www.zillow.com/view-imx/d4b50ee0-9e89-4234-8622-65e6371f778a?wl=true&setAttribution=mls&initialViewType=pano

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 960 Lot Size (sq. ft.): 5,227 Status: Pending

Current Price: $219,999 List Date: 9/10/2026 Last Modified: 11/01/2026

Overview

Description

Bright, stylish and move-in ready, 703 King Street brings together Riverside character, fresh updates and a location close to local favorites! Inside, you'll find tons of natural light, BRAND NEW flooring, fresh paint, an updated kitchen with BRAND NEW shaker cabinetry, countertops, sink & faucet, stainless steel appliances, plus a fully renovated bathroom. Big-ticket improvements include: a BRAND NEW Roof, BRAND NEW electrical panel, full electrical rewire, whole-home CPVC repipe, & HVAC installed in 2022, serviced in 2026. Enjoy flexible bonus space, a fully fenced backyard, oversized covered carport & large utility shed. Come see why this one feels so different than the rest -- then explore the beautiful surrounding Riverside community!

Supplements: What really makes this home different, though, is the lifestyle. Restaurants, coffee shops, breweries, parks, entertainment and neighborhood favorites are all close by, making this the kind of place where a random Tuesday night can turn into dinner out, drinks with friends or a quick ride around the neighborhood. Keep the car parked and use them f ... (Read more)

Listing Details MLS# 2164332

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 940
Living Area Source: Measured
Building Area Total: 960
Year Built: 1945
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.12
Lot Size Dimensions: 55 x 95
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: Yes
Carport Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Directions: Follow Park Street (US-17) west into the Riverside historic district about a mile to King Street, then turn north on King -- 703 King sits in the King Street District near College and Dellwood. Coming from the north (I-95 South), use the Forest Street exit (352A), which feeds to Riverside Avenue, then continue into Riverside to King Street.
Public Remarks: Bright, stylish and move-in ready, 703 King Street brings together Riverside character, fresh updates and a location close to local favorites! Inside, you'll find tons of natural light, BRAND NEW flooring, fresh paint, an updated kitchen with BRAND NEW shaker cabinetry, countertops, sink & faucet, stainless steel appliances, plus a fully renovated bathroom. Big-ticket improvements include: a BRAND NEW Roof, BRAND NEW electrical panel, full electrical rewire, whole-home CPVC repipe, & HVAC installed in 2022, serviced in 2026. Enjoy flexible bonus space, a fully fenced backyard, oversized covered carport & large utility shed. Come see why this one feels so different than the rest -- then explore the beautiful surrounding Riverside community!
List Price/SqFt: 234.04

Property Features

Architectural Style: Historic; Ranch Levels: One Property Condition: Updated/Remodeled Rental Restrictions: No Minimum Appliances: Dishwasher; Electric Oven; Refrigerator Interior Features: Built-in Features; Ceiling Fan(s); Eat-in Kitchen Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Other Structures: Shed(s); Workshop Patio And Porch Features: Covered; Patio; Porch Roof: Shingle Parking Features: Additional Parking; Detached Carport; Guest; RV Access/Parking Lot Features: Historic Area Fencing: Back Yard; Chain Link; Full Current Use: Residential; Single Family Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan