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.

7165 LUKE Street, Jacksonville, FL 32210 (MLS# 2167774)

7165 LUKE Street, Jacksonville, FL 32210

$164,000

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 936 Lot Size (sq. ft.): 8,712 Status: Active Under Contract

Current Price: $164,000 List Date: 10/08/2026 Last Modified: 11/03/2026

Overview

Description

SELLER OFFERS UP TO $3,000 TOWARD BUYER'S CONCESSIONS WITH AN ACCEPTABLE OFFER! A beautifully transformed home with big possibilities! This move-in-ready concrete-block ranch offers 2 bedrooms, 1 bathroom and a remodeled interior. Major 2026 upgrades include a NEW roof, complete HVAC system, water heater and more! Features include washer/dryer hookups, covered carport, storage shed and a large fenced backyard with room to relax, garden or entertain. Convenient Westside location within walking distance of shopping, dining and groceries, with quick access to I-295, 103rd Street, I-10, NAS Jacksonville, Cecil Commerce Center and Orange Park. Ideal as a primary residence, rental investment or potential salon, studio or office. Public records identify CCG-1 commercial zoning with current residential use. Buyer to verify permitted uses with the City of Jacksonville and financing eligibility with their lender due to commercial zoning.

Listing Details MLS# 2167774

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 720
Living Area Source: Public Records
Building Area Total: 936
Year Built: 1952
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.2
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: Yes
Carport Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Directions: From I-295, take Exit 17 for Wilson Boulevard/SR 208 and travel East. Turn Right onto Firestone Road, then left onto Luke St. The property is on the left.
Public Remarks: SELLER OFFERS UP TO $3,000 TOWARD BUYER'S CONCESSIONS WITH AN ACCEPTABLE OFFER! A beautifully transformed home with big possibilities! This move-in-ready concrete-block ranch offers 2 bedrooms, 1 bathroom and a remodeled interior. Major 2026 upgrades include a NEW roof, complete HVAC system, water heater and more! Features include washer/dryer hookups, covered carport, storage shed and a large fenced backyard with room to relax, garden or entertain. Convenient Westside location within walking distance of shopping, dining and groceries, with quick access to I-295, 103rd Street, I-10, NAS Jacksonville, Cecil Commerce Center and Orange Park. Ideal as a primary residence, rental investment or potential salon, studio or office. Public records identify CCG-1 commercial zoning with current residential use. Buyer to verify permitted uses with the City of Jacksonville and financing eligibility with their lender due to commercial zoning.
List Price/SqFt: 227.78

Property Features

Architectural Style: Ranch Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Electric Cooktop; Electric Oven; Freezer; Refrigerator Interior Features: Ceiling Fan(s); Eat-in Kitchen; Open Floorplan Flooring: Laminate Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Closed Circuit Camera(s) Construction Materials: Block Other Structures: Shed(s) Roof: Shingle Parking Features: Additional Parking Lot Features: Few Trees Fencing: Back Yard; Full Current Use: Residential Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional Contingency Reason: Financing; Inspection; Lender Approval

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-01

Location Tax and Legal

Street Number: 7165
Street Name: LUKE
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32210
MLS Area Major: 054-Cedar Hills
Subdivision Name: Sweetwater Park

Status Change Information

Major Change Timestamp: 2026-11-03T20:55:12Z
Major Change Type: Status Change
Price Change Timestamp: 2026-10-21T21:56:27Z
Contingency: Active Under Contract
Contingent Date: 2026-11-03

DPR Eligible

DPR Eligible: Yes

More Information

Documents

Flood Disclosure ›

Seller's Disclosure ›

Listing Office: REALTY ONE GROUP ELEVATE

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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