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.

7481 OLD KINGS Road, Jacksonville, FL 32219 (MLS# 2170451)

7481 OLD KINGS Road, Jacksonville, FL 32219

$1,500,000

Property Type: Land Lot Size (sq. ft.): 57,064 Status: Active

Current Price: $1,500,000 List Date: 10/22/2026 Last Modified: 10/25/2026

Overview

Description

The property has two different zoning categories. The front 1.31 acres is zoned RLD-60 and is being used as OPEN STORAGE. The owner is currently seeking rezoning for that lot to Industrial Light (IL). The current sale price includes the front lot (Parcel No.: 003750-0000 - 1.31 Acres Zoned RLD-60) and (Parcel No.: 003567-0100 - 24.83 Acres Zoned Industrial Light). Once the re-zoning of the front parcel is complete, the sale price will increase accordingly. Take advantage of over 1,355 feet of CSX accessible rail with this lot making it ideal for railway services. Located just 12 miles from Jacksonville International Airport, JAXPORT, 3 miles from CSX Intermodal Facility, less than one mile to Norfolk Southern Intermodal Facility, and 16 miles from the FEC Intermodal Facility. A wetlands delineation has been conducted and found 13.14 acres of wetlands and the price reflects costs for clearing the land and buying wetlands credits and/or relocating the wetlands on the site.

Listing Details MLS# 2170451

General Property Information

Number Of Lots: 5
Lot Size Acres: 1.31
Lot Size Dimensions: 186'x194'x292'x48'44'
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Senior Community YN: No
Directions: Take Exit 356 (I-295 North) for 4.3 miles. Take Exit 25 toward Pritchard Rd. Go 1 mile. Turn left on Old Kings Rd. and proceed for .9 miles. Property is on the right.
Public Remarks: The property has two different zoning categories. The front 1.31 acres is zoned RLD-60 and is being used as OPEN STORAGE. The owner is currently seeking rezoning for that lot to Industrial Light (IL). The current sale price includes the front lot (Parcel No.: 003750-0000 - 1.31 Acres Zoned RLD-60) and (Parcel No.: 003567-0100 - 24.83 Acres Zoned Industrial Light). Once the re-zoning of the front parcel is complete, the sale price will increase accordingly. Take advantage of over 1,355 feet of CSX accessible rail with this lot making it ideal for railway services. Located just 12 miles from Jacksonville International Airport, JAXPORT, 3 miles from CSX Intermodal Facility, less than one mile to Norfolk Southern Intermodal Facility, and 16 miles from the FEC Intermodal Facility. A wetlands delineation has been conducted and found 13.14 acres of wetlands and the price reflects costs for clearing the land and buying wetlands credits and/or relocating the wetlands on the site.
List Price/Acre: 1145038.17

Property Features

Current Use: Industrial; Investment; Single Family; Timber Lot Features: Irregular Lot; Many Trees; Wetlands; Wooded Fencing: Chain Link Electric: 150 Amp Service Sewer: Private Sewer Utilities: Electricity Connected; Sewer Not Available; Water Not Available Water Source: Private View: Trees/Woods Other Structures: Other Road Surface Type: Concrete Road Frontage Type: City Street Security Features: Security Fence; Security Gate Listing Terms: Cash; Conventional Possession: Close Of Escrow Development Status: Raw Land; See Remarks

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2026-10-21

Location Tax and Legal

Street Number: 7481
Street Name: OLD KINGS
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32219
MLS Area Major: 075-Trout River/College Park/Ribault Manor
Subdivision Name: Home Garden Estates

Status Change Information

Major Change Timestamp: 2026-10-22T18:05:29Z
Major Change Type: New Listing

More Information

Documents

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Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: October - 25 - 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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