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.

7216 MIMOSA GROVE Place, Jacksonville, FL 32210 (MLS# 2031405)

7216 MIMOSA GROVE Place, Jacksonville, FL 32210

$300,000

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,506 Lot Size (sq. ft.): 8,276 Status: Closed

Current Price: $300,000 List Date: 6/13/2024 Last Modified: 10/23/2026

Overview

Description

Tastefully renovated home in an amazing Westside neighborhood situated on a cul-de-sac lot! This spacious 4 bed 2 bath home has exquisite features including open concept living area and split bedroom floor plan, vaulted ceilings and laundry room. Custom kitchen with white shaker cabinets, granite counters, glass tile backsplash & Brand New stainless steel appliances. Brand New Roof, AC & Water Heater. Beautiful luxury vinyl floors throughout, updated bathrooms, Freshly painted interior and exterior, New plumbing and electrical fixtures throughout. This home is a must see!

Listing Details MLS# 2031405

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1506
Living Area Source: Appraiser
Year Built: 1993
Lot Size Acres: 0.19
Association YN: No
CDD Fee YN: No
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
Stories: Yes
Senior Community YN: No
Directions: From I-296 N take exit 17 for FL-208 W/ Use the right lane to turn lefft onto State Hwy 208. Turn right onto Old Middleburg Rd N. Turn right onto Mimosa Grove Trail. Turn right onto Mimosa Grove Place and your destination will be on your right.
Public Remarks: Tastefully renovated home in an amazing Westside neighborhood situated on a cul-de-sac lot! This spacious 4 bed 2 bath home has exquisite features including open concept living area and split bedroom floor plan, vaulted ceilings and laundry room. Custom kitchen with white shaker cabinets, granite counters, glass tile backsplash & Brand New stainless steel appliances. Brand New Roof, AC & Water Heater. Beautiful luxury vinyl floors throughout, updated bathrooms, Freshly painted interior and exterior, New plumbing and electrical fixtures throughout. This home is a must see!
List Price/SqFt: 198.54
Sold Price/SqFt: 199.2

Property Features

Architectural Style: Ranch Appliances: Dishwasher; Electric Range; Microwave; Refrigerator Interior Features: Breakfast Nook; Vaulted Ceiling(s) Flooring: Vinyl Laundry Features: In Unit Utilities: Cable Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Patio And Porch Features: Patio Pool Features: None Roof: Shingle Parking Features: Garage Lot Features: Cul-De-Sac Fencing: Back Yard; Wood Current Use: Residential Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Inspection

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2024-06-13

Location Tax and Legal

Street Number: 7216
Street Name: MIMOSA GROVE
Street Suffix: Place
County: Duval
State: FL
Postal Code: 32210
MLS Area Major: 053-Hyde Grove Area
Subdivision Name: Mimosa Trails

Status Change Information

Major Change Timestamp: 2024-07-18T12:51:16Z
Major Change Type: Status Change
Purchase Contract Date: 2024-06-18
Close Date: 2024-07-17
Close Price: 300000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Documents

Offer Instructions ›

Personal Interest Amendment ›

Seller's Property Disclosure Waiver ›

Listing Office: KELLER WILLIAMS FIRST COAST 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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