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.

720 KINGSWOOD Avenue, Orange Park, FL 32065 (MLS# 1013022)

720 KINGSWOOD Avenue, Orange Park, FL 32065

$39,000

Property Type: Land Lot Size (sq. ft.): 40,946 Status: Closed

Current Price: $39,000 List Date: 8/27/2019 Last Modified: 1/22/2026

Overview

Description

Great location on almost an acre with mature trees, elect, water & septic in place.

Listing Details MLS# 1013022

General Property Information

Lot Size Acres: 0.94
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: I 295 to Blanding, south to right on Parkridge, to left on Kingswood. Property on right.
Public Remarks: Great location on almost an acre with mature trees, elect, water & septic in place.
List Price/Acre: 42446.81
Sold Price/Acre: 41489.36

Property Features

Current Use: Single Family Sewer: Septic Tank Other Structures: Shed(s) Road Surface Type: Asphalt Listing Terms: Cash; Conventional; USDA Loan Possession: Negotiable

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2019-08-27

Location Tax and Legal

Street Number: 720
Street Name: KINGSWOOD
Street Suffix: Avenue
County: Clay
State: FL
Postal Code: 32065
MLS Area Major: 134-South Blanding
Subdivision Name: Ridgewood

Status Change Information

Major Change Timestamp: 2019-10-23T18:42:26Z
Major Change Type: Status Change
Purchase Contract Date: 2019-09-10
Close Date: 2019-10-14
Close Price: 39000

More Information

Listing Office: EAST COAST REALTY

Last Updated: January - 22 - 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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