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 W 16TH Street, Jacksonville, FL 32206 (MLS# 2167706)

725 W 16TH Street, Jacksonville, FL 32206

$160,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,080 Lot Size (sq. ft.): 4,792 Status: Active

Current Price: $160,000 List Date: 10/03/2026 Last Modified: 10/30/2026

Overview

Description

MOVE-IN READY, UPDATED AND FULL OF POSSIBILITIES! Whether you're searching for your first home, looking for an affordable path to homeownership, or adding another property to your investment portfolio, this updated 3 bedroom Jacksonville home offers flexibility and value. Step inside to a functional, comfortable layout featuring approximately 1,080 square feet of living space. The updated kitchen features modern cabinetry, marble countertops and stainless steel appliances, complemented by updated bathrooms, flooring, fresh interior paint and modern lighting. Major improvements including HVAC, electrical and plumbing have also been addressed, giving future homeowners or investors added peace of mind. Conveniently located with access to Downtown Jacksonville, major roadways, employment centers, shopping, transportation and everyday necessities.

Listing Details MLS# 2167706

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Half: Yes
Bathrooms Total: 2
Living Area: 1080
Living Area Source: Public Records
Building Area Total: 1080
Year Built: 1929
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.11
Lot Size Dimensions: 50 x 95
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Directions: I 95 North towards intl Airport/SAV, Take exit 353D for 8th St toward FL-114, Take N Davis St to W 16th St
Public Remarks: MOVE-IN READY, UPDATED AND FULL OF POSSIBILITIES! Whether you're searching for your first home, looking for an affordable path to homeownership, or adding another property to your investment portfolio, this updated 3 bedroom Jacksonville home offers flexibility and value. Step inside to a functional, comfortable layout featuring approximately 1,080 square feet of living space. The updated kitchen features modern cabinetry, marble countertops and stainless steel appliances, complemented by updated bathrooms, flooring, fresh interior paint and modern lighting. Major improvements including HVAC, electrical and plumbing have also been addressed, giving future homeowners or investors added peace of mind. Conveniently located with access to Downtown Jacksonville, major roadways, employment centers, shopping, transportation and everyday necessities.
List Price/SqFt: 148.15

Property Features

Levels: One Property Condition: Updated/Remodeled Rental Restrictions: No Minimum Appliances: Dishwasher; Electric Range; Refrigerator Flooring: Luxury Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Electricity Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Roof: Shingle Parking Features: Attached View: Other Fencing: Back Yard Current Use: Residential; Single Family Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan; Other

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-02

Location Tax and Legal

Street Number: 725
Street Direction Prefix: W
Street Name: 16TH
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32206
MLS Area Major: 076-Downtown Jacksonville-Eastside
Subdivision Name: Brunsons

Status Change Information

Major Change Timestamp: 2026-10-03T15:03:33Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: UNITED REAL ESTATE GALLERY

Last Updated: October - 30 - 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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