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.

748 7TH Avenue S, Jacksonville Beach, FL 32250 (MLS# 2087325)

748 7TH Avenue S, Jacksonville Beach, FL 32250

$700,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,364 Lot Size (sq. ft.): 6,098 Status: Closed

Current Price: $700,000 List Date: 5/13/2025 Last Modified: 8/07/2026

Overview

Description

For comp purposes only

Listing Details MLS# 2087325

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1364
Living Area Source: Public Records
Year Built: 2011
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.14
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Furnished
Stories: Yes
Senior Community YN: No
Directions: From 3rd Ave S, turn left onto 7th Ave S & right on 7th Ave S. The house is the second on the left.
Public Remarks: For comp purposes only
List Price/SqFt: 513.2
Sold Price/SqFt: 513.2

Property Features

Architectural Style: Traditional Appliances: Dishwasher; Disposal; Dryer; Electric Range; Washer; Water Softener Owned Interior Features: Ceiling Fan(s); Vaulted Ceiling(s) Flooring: Vinyl Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Construction Materials: Fiber Cement Patio And Porch Features: Covered; Porch; Rear Porch Roof: Shingle Parking Features: Garage Door Opener Fencing: Back Yard; Vinyl Current Use: Residential; Single Family Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; Owner May Carry; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-04-22

Location Tax and Legal

Street Number: 748
Street Name: 7TH
Street Suffix: Avenue
Street Direction Suffix: S
County: Duval
State: FL
Postal Code: 32250
MLS Area Major: 214-Jacksonville Beach-SW
Subdivision Name: Oceanside Park

Status Change Information

Major Change Timestamp: 2025-05-13T19:27:53Z
Major Change Type: Status Change
Purchase Contract Date: 2025-04-22
Close Date: 2025-05-12
Close Price: 700000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

Last Updated: August - 07 - 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.