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.

8290 GATE Parkway W 213, Jacksonville, FL 32216 (MLS# 2083134)

8290 GATE Parkway W 213, Jacksonville, FL 32216

$1,550

Property Type: Residential Lease Bedrooms: 2 Baths: 2 Square Footage: 1,222 Lot Size (sq. ft.): 436 Status: Closed

Current Price: $1,550 List Date: 4/22/2025 Last Modified: 11/04/2026

Overview

Description

Fantastic 2/2 2nd floor condo unit. This is the best unit in the entire subdivision. I invested around $25,000 in upgrades, including flooring throughout the home, new bathrooms, kitchen improvements, quartz countertops in both the kitchen and bathrooms, fresh paint on the walls and ceiling, a brand new air conditioning system, and brand new appliances for the condo. It features the largest 2-bedroom, 2-bath layout in a gated community, all located in the heart of the city.

Listing Details MLS# 2083134

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1222
Living Area Source: Appraiser
Year Built: 2005
Lot Size Acres: 0.01
Association YN: No
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 3
Senior Community YN: No
Directions: From Southside Blvd. Turn into Gardens of Bridgehampton, go through gate on right first building on right.
Public Remarks: Fantastic 2/2 2nd floor condo unit. This is the best unit in the entire subdivision. I invested around $25,000 in upgrades, including flooring throughout the home, new bathrooms, kitchen improvements, quartz countertops in both the kitchen and bathrooms, fresh paint on the walls and ceiling, a brand new air conditioning system, and brand new appliances for the condo. It features the largest 2-bedroom, 2-bath layout in a gated community, all located in the heart of the city.
List Price/SqFt: 1.27
Sold Price/SqFt: 1.27

Property Features

Additional Lease Terms: 12 Months Owner Pays: Association Fees Levels: Three Or More Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Exterior Features: Balcony Water Source: Public Parking Features: On Street Utilities: Electricity Available; Water Available Cooling: Central Air; Electric Heating: Central; Electric Tenant Pays: All Utilities; Electricity; Insurance; Pest Control; Sewer; Trash Collection; Water Pets Allowed: Breed Restrictions; Dogs OK; Size Limit; Number Limit

Contract Information

Rental Service: RentSpree
Rental Application URL: https://apply.link/0XCoczo
Property Sub Type: Condominium
Listing Contract Date: 2025-04-22
Lease Term: 12 Months
Availability Date: 2025-04-30

Location Tax and Legal

Street Number: 8290
Street Name: GATE
Street Suffix: Parkway
Street Direction Suffix: W
State: FL
County: Duval
Postal Code: 32216
MLS Area Major: 022-Grove Park/Sans Souci
Subdivision Name: Gardens Of Bridgehampton

Status Change Information

Major Change Timestamp: 2025-07-01T15:03:03Z
Major Change Type: Status Change
Purchase Contract Date: 2025-05-19
Close Date: 2025-06-29
Close Price: 1550

Deposits and Fees

Additional Fee: 75
Application Fee: 45
Pet Fee/Deposit: 350
Security Deposit: 1550

More Information

Listing Office: VSP REALTY & PROPERTY MANAGEMENT

Last Updated: November - 04 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare