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.

725 SOUTH SHORES Road, Jacksonville, FL 32207 (MLS# 1051063)

725 SOUTH SHORES Road, Jacksonville, FL 32207

$269,500

Virtual Tour

https://app.eastcoastvtours.com/725-s-shores-rd-jacksonville-39277/unbranded

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,543 Status: Closed

Current Price: $269,500 List Date: 4/30/2020 Last Modified: 10/23/2026

Overview

Description

Great home, great value, great neighborhood! Welcome to this turnkey 4 bed 2 bath home in desirable St Nicholas. Features completely updated kitchen with brand new appliances, soft close cabinets and quartz counter tops, double hung 'Low E' windows throughout, newer roof with warranty, hardwood floors, wood burning fireplace, a huge back yard for gardening, kids or pets, and a free standing, oversize concrete block 2 car garage with separate 100 AMP panel! Fresh interior paint, crown moldings, plus new privacy fence in rear. Turnkey and ready for you! Quiet street and convenient to everything. Homes in this spot don't last long so do not miss it.

Listing Details MLS# 1051063

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1543
Living Area Source: Public Records
Year Built: 1950
Lot Size Dimensions: 63 x 173
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From Atlantic Blvd and University Blvd drive West on Atlantic, toward San Marco. Just past Bishop Kenny School on the right, turn right onto South Shores, to house on right, 725 South Shores Dr.
Public Remarks: Great home, great value, great neighborhood! Welcome to this turnkey 4 bed 2 bath home in desirable St Nicholas. Features completely updated kitchen with brand new appliances, soft close cabinets and quartz counter tops, double hung 'Low E' windows throughout, newer roof with warranty, hardwood floors, wood burning fireplace, a huge back yard for gardening, kids or pets, and a free standing, oversize concrete block 2 car garage with separate 100 AMP panel! Fresh interior paint, crown moldings, plus new privacy fence in rear. Turnkey and ready for you! Quiet street and convenient to everything. Homes in this spot don't last long so do not miss it.
List Price/SqFt: 177.58
Sold Price/SqFt: 174.66

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Flat; Ranch Appliances: Electric Range; Gas Water Heater; Refrigerator Cooling: Central Air Heating: Heat Pump; Natural Gas Water Source: Public Sewer: Public Sewer Construction Materials: Brick Veneer Pool Features: None Roof: Shingle Parking Features: Detached; Garage Fencing: Back Yard Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2020-04-29

Location Tax and Legal

Street Number: 725
Street Name: SOUTH SHORES
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32207
MLS Area Major: 021-St Nicholas Area
Subdivision Name: St Nicholas

Status Change Information

Major Change Timestamp: 2023-11-14T10:51:28Z
Major Change Type: Price Reduced
Price Change Timestamp: 2020-09-10T16:24:37Z
Purchase Contract Date: 2020-11-29
Close Date: 2020-12-08
Close Price: 269500

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 2: Oversize Garage/Storage: Y

Listing Office: INI 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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