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.

7859 MELVIN Road, Jacksonville, FL 32210 (MLS# 2171887)

7859 MELVIN Road, Jacksonville, FL 32210

New Listing

$149,990

Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,153 Lot Size (sq. ft.): 1,742 Status: Active

Current Price: $149,990 List Date: 11/02/2026 Last Modified: 11/03/2026

Overview

Description

Welcome to Timothy's Landing! This refreshed 2-bedroom, 2.5-bath townhome with a 1-car garage features a private full bathroom in each bedroom and a convenient half bath for guests. Updates include a new A/C and water heater in 2026, new flooring throughout, fresh paint, and all-new stainless steel appliances. Enjoy community amenities, including a neighborhood pool and playground. Conveniently located just minutes from I-295, NAS Jacksonville, shopping, dining, and schools, this home offers comfort, value, and convenience!

Listing Details MLS# 2171887

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1153
Living Area Source: Public Records
Year Built: 2005
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.04
Association YN: Yes
Association Fee: 575
Association Fee Frequency: Quarterly
Association Name: Timothy's Landing
Association Phone: (904) 265-5252
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
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Senior Community YN: No
Directions: From Blanding Blvd heading north, turn left onto the ramp for I-295 N. Take Exit 16 for FL-134/103rd Street. Turn left onto 103rd Street, then right onto Ricker Road. Turn left onto Melvin Road. Continue approximately 0.3 mile to 7859 Melvin Road on the right.
Public Remarks: Welcome to Timothy's Landing! This refreshed 2-bedroom, 2.5-bath townhome with a 1-car garage features a private full bathroom in each bedroom and a convenient half bath for guests. Updates include a new A/C and water heater in 2026, new flooring throughout, fresh paint, and all-new stainless steel appliances. Enjoy community amenities, including a neighborhood pool and playground. Conveniently located just minutes from I-295, NAS Jacksonville, shopping, dining, and schools, this home offers comfort, value, and convenience!
List Price/SqFt: 130.09

Property Features

Levels: One Property Condition: Updated/Remodeled Appliances: Convection Oven; Dishwasher; Microwave; Refrigerator Interior Features: Breakfast Bar; Ceiling Fan(s) Flooring: Carpet; Luxury Vinyl Laundry Features: Electric Dryer Hookup; In Unit; Lower Level; Washer Hookup Utilities: Cable Available; Electricity Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Roof: Shingle Parking Features: Garage View: Trees/Woods Current Use: Multi-Family; Single Family Association Amenities: Community Pool; Maintenance Grounds; Park Association Fee Includes: Maintenance Grounds; Trash Community Features: Curbs; Sidewalks Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; VA Loan

Contract Information

Property Sub Type: Townhouse
Property Attached YN: No
Listing Contract Date: 2026-11-02

Location Tax and Legal

Street Number: 7859
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: 2026-11-02T14:25:40Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: EXIT INSPIRED REAL ESTATE

Last Updated: November - 03 - 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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