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.

7790 MELVIN Road, Jacksonville, FL 32210 (MLS# 2167309)

7790 MELVIN Road, Jacksonville, FL 32210

$134,900

Property Type: Residential Bedrooms: 2 Square Footage: 1,295 Lot Size (sq. ft.): 2,178 Status: Pending

Current Price: $134,900 List Date: 10/01/2026 Last Modified: 10/26/2026

Overview

Description

This 2-bedroom, 2.1-bathroom home features a bright, open living area with fresh interior paint and new LVP flooring throughout. The spacious layout offers plenty of room for comfortable living and entertaining, with a convenient 1-car garage and a clean, updated feel throughout.

Listing Details MLS# 2167309

General Property Information

Bedrooms Total: 2
Living Area: 1295
Living Area Source: Public Records
Year Built: 2005
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.05
Association YN: Yes
Association Fee: 575
Association Fee Frequency: Quarterly
Association Name: Plaza Property Services
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: Yes
Waterfront YN: No
Stories: 2
Senior Community YN: No
Directions: Take I-10 E toward Jacksonville. Take I-295 S toward Orange Park/St. Augustine. Take Exit 17 for SH-208/Wilson Blvd. Turn right onto Wilson Blvd. Turn left onto Old Middleburg Rd N. Turn left onto Ricker Rd. Turn right onto Melvin Rd. Destination will be on the left.
Public Remarks: This 2-bedroom, 2.1-bathroom home features a bright, open living area with fresh interior paint and new LVP flooring throughout. The spacious layout offers plenty of room for comfortable living and entertaining, with a convenient 1-car garage and a clean, updated feel throughout.
List Price/SqFt: 104.17

Property Features

Architectural Style: Traditional Levels: Two Appliances: Dishwasher; Microwave Flooring: Carpet; Vinyl Utilities: Electricity Available; Sewer Available; Water Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Stucco Roof: Shingle Parking Features: Other View: Pond Current Use: Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: Yes
Listing Contract Date: 2026-10-01

Location Tax and Legal

Street Number: 7790
Street Name: MELVIN
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32210
MLS Area Major: 063-Jacksonville Heights/Oak Hill/English Estates
Subdivision Name: Timothys Landing

Status Change Information

Major Change Timestamp: 2026-10-26T21:31:33Z
Major Change Type: Status Change
Price Change Timestamp: 2026-10-22T21:34:41Z
Purchase Contract Date: 2026-10-26

DPR Eligible

DPR Eligible: No

More Information

Documents

disclosures ›

ListingDocs ›

Listing Office: OFFERPAD BROKERAGE FL LLC

Last Updated: October - 26 - 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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