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.

7827 ECHO SPRINGS Road, Jacksonville, FL 32256 (MLS# 1216986)

7827 ECHO SPRINGS Road, Jacksonville, FL 32256

$1,695

Property Type: Residential Lease Bedrooms: 2 Baths: 3 Square Footage: 1,202 Status: Closed

Current Price: $1,695 List Date: 3/14/2023 Last Modified: 11/04/2026

Overview

Description

This delightful townhome offers an ideal outdoor space - the large back lawn is perfect for families and get-togethers! The main level features an open floor plan equipped with a Spacious kitchen, Stainless Appliances, nickel and hardware. The second floor features oversized bedrooms with attached bathrooms, built in with Washer/Dryer, vaulted ceilings with ceiling fans and plenty of storage space. Located minutes from St. John's Town Center, UNF, the Mayo Clinic and the beaches and many more.

Listing Details MLS# 1216986

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1202
Living Area Source: Public Records
Year Built: 2021
Association YN: No
Association Fee Frequency: One Time
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Stories Total: 2
Directions: From I-95 take exit 341 onto Baymeadows Rd and travel E approximately .2 mile, then turn L onto Baymeadows Circle W. Continue ahead approximately .4 mile to community on R at Echo Springs Rd.
Public Remarks: This delightful townhome offers an ideal outdoor space - the large back lawn is perfect for families and get-togethers! The main level features an open floor plan equipped with a Spacious kitchen, Stainless Appliances, nickel and hardware. The second floor features oversized bedrooms with attached bathrooms, built in with Washer/Dryer, vaulted ceilings with ceiling fans and plenty of storage space. Located minutes from St. John's Town Center, UNF, the Mayo Clinic and the beaches and many more.
List Price/SqFt: 1.41
Sold Price/SqFt: 1.41

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Interior Features: Pantry; Primary Bathroom - Tub with Shower; Split Bedrooms; Walk-In Closet(s) Patio And Porch Features: Porch Pool Features: None Association Amenities: Trash Security Features: Fire Sprinkler System; Smoke Detector(s) Cooling: Central Air Heating: Central Road Surface Type: Asphalt Tenant Pays: Electricity; Sewer; Trash Collection; Water

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: Yes
Listing Contract Date: 2023-03-14
Lease Term: 12 Months

Location Tax and Legal

Street Number: 7827
Street Name: ECHO SPRINGS
Street Suffix: Road
State: FL
County: Duval
Postal Code: 32256
MLS Area Major: 024-Baymeadows/Deerwood
Subdivision Name: Baypoint

Status Change Information

Major Change Timestamp: 2023-11-20T09:37:32Z
Major Change Type: Price Reduced
Price Change Timestamp: 2023-04-15T10:11:20Z
Purchase Contract Date: 2023-05-05
Close Date: 2023-05-06
Close Price: 1695

Deposits and Fees

Application Fee: 45
Pet Fee/Deposit: 350
Security Deposit: 1795

More Information

Historical Information

Public Historical Remarks 1: Water - Public: Y, Assoc Appl Fee: N, Tenant Pays All Utilities: Y, Roof: Shingle, Wall-to-Wall Carpet: Y, LeasePrepFeeTenant: 75, Dining-Kitchen/Family Combo: Y
Public Historical Remarks 2: Pet Fee (Non Refund): Y, Occupancy: Call Office, Sewer - Public: Y, Parcel Size: Less than .25 acre, Structure-Frame: Y, Exterior Wall: Cementitious Siding, Dining-Living/Dining Combo: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Townhouse: Y
Public Historical Remarks 3: Date Available: May 1st, 2023

Listing Office: VSP REALTY & PROPERTY MANAGEMENT

Last Updated: November - 04 - 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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