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.

7920 MERRILL Road 1311, Jacksonville, FL 32277 (MLS# 2160064)

7920 MERRILL Road 1311, Jacksonville, FL 32277

$1,299

Property Type: Residential Lease Bedrooms: 2 Baths: 2 Square Footage: 940 Status: Pending

Current Price: $1,299 List Date: 8/14/2026 Last Modified: 10/24/2026

Overview

Description

Enjoy this remodeled second story condo with balcony, in a super quiet, and private location in this Gated Community. Open concept with breakfast bar, dining area, and spacious living room. Split floorplan for bedrooms with NEW LAMINATED FLOORS. Wood floor in the living/dining area, SS appliances, granite counter tops. Enjoy the Merrill Pine Amenities with a nice POOL AREA. Just a few steps from the Condo. Ready to move in at closing!

Listing Details MLS# 2160064

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Unit Type: Exterior Unit
Living Area: 940
Living Area Source: Public Records
Year Built: 2006
Association YN: No
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Stories Total: 2
Senior Community YN: No
Directions: FROM 9A - W on MERRILL RD, MERRILL PINES IS ON THE LEFT approx. 1/2 mile. Building is next to the clubhouse.
Public Remarks: Enjoy this remodeled second story condo with balcony, in a super quiet, and private location in this Gated Community. Open concept with breakfast bar, dining area, and spacious living room. Split floorplan for bedrooms with NEW LAMINATED FLOORS. Wood floor in the living/dining area, SS appliances, granite counter tops. Enjoy the Merrill Pine Amenities with a nice POOL AREA. Just a few steps from the Condo. Ready to move in at closing!
List Price/SqFt: 1.38

Property Features

Additional Lease Terms: 12 Months Levels: Two Appliances: Dishwasher; Disposal; Electric Water Heater; Microwave; Refrigerator; Washer/Dryer Stacked Association Amenities: Clubhouse; Community Pool; Gated Water Source: Public Parking Features: Additional Parking; Assigned Sewer: Public Sewer Utilities: Other Cooling: Central Air Heating: Central Tenant Pays: All Utilities Pets Allowed: No

Contract Information

Rental Service: RentSpree
Rental Application URL: https://apply.link/bIHPMe0
Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2026-08-13
Lease Term: 12 Months
Availability Date: 2026-08-13

Location Tax and Legal

Street Number: 7920
Street Name: MERRILL
Street Suffix: Road
State: FL
County: Duval
Postal Code: 32277
MLS Area Major: 041-Arlington
Subdivision Name: Merrill Pines

Status Change Information

Major Change Timestamp: 2026-10-24T20:24:37Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-24

More Information

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: October - 24 - 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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