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.

7902 MULHALL Drive, Jacksonville, FL (MLS# 827164)

7902 MULHALL Drive, Jacksonville, FL

$170,000

Property Type: Commercial Sale Square Footage: 6,845 Status: Closed

Current Price: $170,000 List Date: 5/09/2016 Last Modified: 10/23/2026

Overview

Description

Completely turn key small Mobile Home Park. Fully licensed and permitted. Purchase includes 5 MH's, Artesian well, all physical improvements. 5 septic systems (recently inspected with Form 4 Letters), plus the real estate (just over 1 acre).. A fantastic opportunity to get started in the MH management and ownership business. Make $$ on Day One. No other start up costs needed. Zoned for additional MH's. Grow the business, grow your profits. Property is held within an LLC and may be purchased as such.SAVE TAXES Seller will consider financing for qualified buyer.

Listing Details MLS# 827164

General Property Information

Building Area Total: 6845
Building Area Source: Public Records
Year Built: 1980
Water Body Access YN: No
Waterfront YN: No
Public Remarks: Completely turn key small Mobile Home Park. Fully licensed and permitted. Purchase includes 5 MH's, Artesian well, all physical improvements. 5 septic systems (recently inspected with Form 4 Letters), plus the real estate (just over 1 acre).. A fantastic opportunity to get started in the MH management and ownership business. Make $$ on Day One. No other start up costs needed. Zoned for additional MH's. Grow the business, grow your profits. Property is held within an LLC and may be purchased as such.SAVE TAXES Seller will consider financing for qualified buyer.
List Price/SqFt: 27.03
Sold Price/SqFt: 24.84

Property Features

Business Type: Mobile/Trailer Park Current Use: Commercial Listing Terms: Cash; Conventional; Owner May Carry; Private Financing Available Lot Features: Easement Access; Irregular Lot Owner Pays: All Utilities; Exterior Maintenance; Insurance; Taxes Parking Features: Other Possession: Subject To Tenant Rights Sewer: Septic Tank Tenant Pays: All Utilities Water Source: Well

Contract Information

Listing Contract Date: 2016-05-09
Property Sub Type: Mixed Use

Location Tax and Legal

Street Number: 7902
Street Name: MULHALL
Street Suffix: Drive
County: Duval
State: FL
MLS Area Major: 022-Grove Park/Sans Souci

Status Change Information

Major Change Timestamp: 2016-09-29T12:25:17Z
Major Change Type: Status Change
Purchase Contract Date: 2016-09-14
Close Date: 2016-09-23
Close Price: 170000

Historical Information

Public Historical Remarks 1: Road Surface: Asphalt Road, Possible Financing-Seller May Pay Closing: Y, Approx. Total SqFt: 684.00, Number of Units: 5 - 10 Units
Public Historical Remarks 2: Lot Location-Rural: Y, Occupancy Rate: 100, Fenced Partial: Y
Public Historical Remarks 3: Current Zoning: Res LD 3-7 Unit

More Information

Documents

Survey on File ›

Listing Office: INI REALTY

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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