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.

773 PERRYMAN Lane W, Jacksonville, FL 32221 (MLS# 2023909)

773 PERRYMAN Lane W, Jacksonville, FL 32221

$265,900

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,336 Lot Size (sq. ft.): 7,841 Status: Closed

Current Price: $265,900 List Date: 5/04/2024 Last Modified: 10/23/2026

Overview

Description

Ready to move in, updated 3 bedroom 2 bath home. Recently painted inside with vinyl plank flooring in living, dining, hall and bedrooms. Roof installed November 2018. Kitchen features new granite countertop with undermount sink and all stainless appliances. Large breakfast room leads to fenced in backyard. Located across for Trinity Baptist Church and close to I-10 for easy commute.

Listing Details MLS# 2023909

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1336
Living Area Source: Assessor
Year Built: 1977
Lot Size Acres: 0.18
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
Stories: Yes
Senior Community YN: No
Directions: From I-10 head South on Hammond make a left on Judy Taylor Dr then left on Perryman to home on right.
Public Remarks: Ready to move in, updated 3 bedroom 2 bath home. Recently painted inside with vinyl plank flooring in living, dining, hall and bedrooms. Roof installed November 2018. Kitchen features new granite countertop with undermount sink and all stainless appliances. Large breakfast room leads to fenced in backyard. Located across for Trinity Baptist Church and close to I-10 for easy commute.
List Price/SqFt: 199.03
Sold Price/SqFt: 199.03

Property Features

Architectural Style: Ranch Levels: One Appliances: Dishwasher; Electric Range; Electric Water Heater; Microwave; Refrigerator Interior Features: Breakfast Bar; Breakfast Nook; Pantry; Primary Bathroom - Shower No Tub; Walk-In Closet(s) Flooring: Tile; Vinyl Laundry Features: Electric Dryer Hookup; In Garage; Washer Hookup Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Smart Home Features: Oven Construction Materials: Block; Brick Patio And Porch Features: Patio Pool Features: None Roof: Shingle Parking Features: Attached; Garage Fencing: Back Yard; Chain Link; Other 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

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2024-05-03

Location Tax and Legal

Street Number: 773
Street Name: PERRYMAN
Street Suffix: Lane
Street Direction Suffix: W
County: Duval
State: FL
Postal Code: 32221
MLS Area Major: 062-Crystal Springs/Country Creek Area
Subdivision Name: Heritage South

Status Change Information

Major Change Timestamp: 2024-08-15T21:36:49Z
Major Change Type: Status Change
Price Change Timestamp: 2024-07-24T13:38:38Z
Purchase Contract Date: 2024-08-01
Close Date: 2024-08-15
Close Price: 265900

DPR Eligible

DPR Eligible: No

More Information

Documents

Lead Based Paint Disclosure ›

Offer Instructions ›

Listing Office: TATUM REALTY AND PROPERTY MANAGEMENT SERVICES

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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