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.

724 EAST COAST Drive 2, Atlantic Beach, FL (MLS# 893273)

724 EAST COAST Drive 2, Atlantic Beach, FL

$1,200

Property Type: Residential Lease Bedrooms: 2 Baths: 1 Square Footage: 820 Status: Closed

Current Price: $1,200 List Date: 7/24/2017 Last Modified: 1/10/2025

Overview

Description

Just 2 blocks to ocean! Across the street from the Adele Grage Center, play area & tennis courts! Charming ground level apartment with wood floors, washer/dryer connection, & more!

Listing Details MLS# 893273

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 820
Living Area Source: Public Records
Year Built: 1941
Association YN: No
Association Fee Frequency: One Time
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Stories Total: 2
Entry Level: Yes
Directions: From Atlantic Blvd, N on East Coast to 7th St
Public Remarks: Just 2 blocks to ocean! Across the street from the Adele Grage Center, play area & tennis courts! Charming ground level apartment with wood floors, washer/dryer connection, & more!
List Price/SqFt: 1.4
Sold Price/SqFt: 1.46

Property Features

Architectural Style: Traditional Appliances: Electric Range; Refrigerator Interior Features: Eat-in Kitchen; Entrance Foyer; Primary Bathroom - Tub with Shower Pool Features: None Parking Features: Assigned Cooling: Central Air Heating: Central Road Surface Type: Asphalt Tenant Pays: Cable TV; Electricity Pets Allowed: No

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2017-07-24
Lease Term: 12 Months

Location Tax and Legal

Street Number: 724
Street Name: EAST COAST
Street Suffix: Drive
State: FL
County: Duval
MLS Area Major: 232-Atlantic Beach-South
Subdivision Name: Atlantic Beach

Status Change Information

Major Change Timestamp: 2023-11-19T21:09:50Z
Major Change Type: Price Reduced
Price Change Timestamp: 2017-08-19T16:50:48Z
Purchase Contract Date: 2017-09-19
Close Date: 2017-09-19
Close Price: 1200

Deposits and Fees

Application Fee: 40
Security Deposit: 1200

More Information

Historical Information

Public Historical Remarks 1: Tenant Pays Basic Phone: Y, Water - Public: Y, Assoc Appl Fee: N, Roof: N/A Under Other Unit, Per Period: 1200
Public Historical Remarks 2: Occupancy: Negotiable, Sewer - Public: Y, Exterior Wall: Shingle-Composition, Min Lease/Rent Term: 12 mon, Tenant Pays-Phone Long Distance: Y
Public Historical Remarks 3: Date Available: Negotiable

Listing Office: ALL SOUTH REALTY, INC.

Last Updated: January - 10 - 2025

Information deemed reliable but not guaranteed.

Search powered by FBS Products

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.