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 615, Jacksonville, FL 32277 (MLS# 2165876)

7920 MERRILL Road 615, Jacksonville, FL 32277

$159,900

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,157 Status: Closed

Current Price: $159,900 List Date: 9/22/2026 Last Modified: 10/26/2026

Overview

Description

Move-in ready 3/2 condominium located on the second floor in a peaceful, gated community featuring a community pool and playground. This beautifully updated unit offers fresh interior paint, brand-new carpet, and luxury vinyl plank flooring in the kitchen and bathrooms. The updated kitchen features white quartz countertops, new faucets, updated lighting, and a full set of brand-new kitchen appliances. Both bathrooms have been upgraded with new vanities, matching white quartz countertops, new faucets, and updated light fixtures. With its modern finishes, functional layout, and desirable community amenities, this home is perfect for homeowners or investors seeking a low-maintenance property. Seller never occupied.'' Neither the seller nor listing agent make any representations as to the accuracy of any information contained herein. Buyer and buyer's agent are responsible for conducting their own due diligence, inspections, and verifying all information deemed important prior to closing.

Listing Details MLS# 2165876

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1157
Living Area Source: Public Records
Year Built: 2006
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: Yes
Association Fee: 239
Association Fee Frequency: Monthly
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Stories Total: 2
Entry Level: 2
Senior Community YN: No
Directions: From I-295 and Merrill Road, head west on Merrill Road. Turn left into Merrill Pines. Building 600 is located on the left. The entrance is on the left side of the building, and the unit is located on the second floor.
Public Remarks: Move-in ready 3/2 condominium located on the second floor in a peaceful, gated community featuring a community pool and playground. This beautifully updated unit offers fresh interior paint, brand-new carpet, and luxury vinyl plank flooring in the kitchen and bathrooms. The updated kitchen features white quartz countertops, new faucets, updated lighting, and a full set of brand-new kitchen appliances. Both bathrooms have been upgraded with new vanities, matching white quartz countertops, new faucets, and updated light fixtures. With its modern finishes, functional layout, and desirable community amenities, this home is perfect for homeowners or investors seeking a low-maintenance property. Seller never occupied.'' Neither the seller nor listing agent make any representations as to the accuracy of any information contained herein. Buyer and buyer's agent are responsible for conducting their own due diligence, inspections, and verifying all information deemed important prior to closing.
List Price/SqFt: 138.2
Sold Price/SqFt: 138.2

Property Features

Appliances: Dishwasher; Disposal; Electric Oven; Electric Water Heater; Microwave; Refrigerator; Washer/Dryer Stacked Flooring: Carpet; Luxury Vinyl Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Smart Home Features: Smoke Detector Parking Features: Additional Parking; Assigned Current Use: Residential Association Amenities: Community Pool; Playground Community Features: Sidewalks; Street Lights Possession: Close Of Escrow Listing Terms: Cash; Conventional; VA Loan

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2026-09-21
Unit Type: Interior Unit

Location Tax and Legal

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

Status Change Information

Major Change Timestamp: 2026-10-26T22:32:36Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-23
Close Date: 2026-10-26
Close Price: 159900

DPR Eligible

DPR Eligible: No

More Information

Listing Office: INTEGRITY KEY REALTY 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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