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.

772 ALVIS Road, Jacksonville, FL 32220 (MLS# 2160109)

772 ALVIS Road, Jacksonville, FL 32220

$229,900

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,200 Lot Size (sq. ft.): 20,909 Status: Active

Current Price: $229,900 List Date: 9/24/2026 Last Modified: 10/23/2026

Overview

Description

Back on Market!! Buyer paused home buying process due to rate increase and as a result this home is back on market. Updated 3-bedroom, 2-bath home on a fully fenced 0.48-acre corner lot with no HOA. Recent improvements include 2024 roof, 2026 HVAC system, updated kitchen and renovated baths with a large master bath with His & her Sinks. The single-story layout offers 1,200 square feet, central air, abundant natural light, and covered carport parking. The oversized yard provides room for gardening, recreation, boat or trailer storage where permitted, and future outdoor improvements. Septic has been pumped out and inspected in the last 30 days. Eligible financing includes conventional, FHA, VA, and USDA. Seller will consider concessions towards closing cost or interest rate buydown with an acceptable offer.

Listing Details MLS# 2160109

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1200
Living Area Source: Owner
Year Built: 1968
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.48
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: Yes
Carport Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Directions: Traveling West on I-10 take exit 355 onto Hammond Blvd, turn right onto Hammond st and then left onto W. Beaver Street, next turn Right onto Jones rd. Then turn left onto Orm St and right onto Alvis,
Public Remarks: Back on Market!! Buyer paused home buying process due to rate increase and as a result this home is back on market. Updated 3-bedroom, 2-bath home on a fully fenced 0.48-acre corner lot with no HOA. Recent improvements include 2024 roof, 2026 HVAC system, updated kitchen and renovated baths with a large master bath with His & her Sinks. The single-story layout offers 1,200 square feet, central air, abundant natural light, and covered carport parking. The oversized yard provides room for gardening, recreation, boat or trailer storage where permitted, and future outdoor improvements. Septic has been pumped out and inspected in the last 30 days. Eligible financing includes conventional, FHA, VA, and USDA. Seller will consider concessions towards closing cost or interest rate buydown with an acceptable offer.
List Price/SqFt: 191.58

Property Features

Appliances: Convection Oven; Dishwasher; Disposal; Electric Cooktop; Electric Range; Ice Maker; Microwave; Refrigerator Utilities: Cable Available; Electricity Connected; Sewer Not Available; Water Connected Cooling: Central Air Heating: Central Water Source: Well Parking Features: Carport Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-08-14

Location Tax and Legal

Street Number: 772
Street Name: ALVIS
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32220
MLS Area Major: 081-Marietta/Whitehouse/Baldwin/Garden St
Subdivision Name: Marietta

Status Change Information

Major Change Timestamp: 2026-10-01T14:09:11Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-01T14:09:12Z

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: CRYSTAL CLEAR REALTY, LLC

Last Updated: October - 23 - 2026

Broker Attribution: [email protected]

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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