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.

833 S 2ND, Jacksonville Beach, FL (MLS# 633743)

833 S 2ND, Jacksonville Beach, FL

$259,000

Property Type: Residential Income Bedrooms: 5 Baths: 3 Square Footage: 2,149 Status: Closed

Current Price: $259,000 List Date: 8/20/2012 Last Modified: 9/16/2025

Overview

Description

Great investment property 2 Blocks to Ocean, large front yard for each of the 2 bedroom units. Small front yard for 1 bedroom unit. Tenants in #1 for 5 years, other 2 tenantsover 3 yrs. New roof 9-2012. 2/1 $900 mo. 1/1 $520 mo.

Listing Details MLS# 633743

General Property Information

Number Of Units Total: 3
Bedrooms Total: 5
Bathrooms Total: 3
Bathrooms Full: 3
Living Area: 2149
Living Area Source: Public Records
Year Built: 1936
Lot Size Dimensions: 50 x 125
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: Yes
Stories: Yes
Directions: From JTB north on 3rd St. to 9th Ave. S, right to 2nd street, property on NE corner.
Public Remarks: Great investment property 2 Blocks to Ocean, large front yard for each of the 2 bedroom units. Small front yard for 1 bedroom unit. Tenants in #1 for 5 years, other 2 tenantsover 3 yrs. New roof 9-2012. 2/1 $900 mo. 1/1 $520 mo.
List Price/SqFt: 162.82
Sold Price/SqFt: 120.52

Property Features

Appliances: Electric Oven; Electric Range; Gas Range; Refrigerator Cooling: Central Air; Electric Flooring: Tile Heating: Central; Electric Laundry Features: Electric Dryer Hookup; Washer Hookup Listing Terms: Cash; Conventional Owner Pays: Insurance; Management; Other Tax; Repairs Parking Features: Additional Parking; Other Pool Features: None Possession: Other Road Surface Type: Asphalt Roof: Shingle Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date: 2012-08-20
Property Sub Type: Triplex

Location Tax and Legal

Street Number: 833
Street Direction Prefix: S
Street Name: 2ND
County: Duval
State: FL
Subdivision Name: Pablo Beach South
MLS Area Major: 212-Jacksonville Beach-SE

Status Change Information

Major Change Timestamp: 2012-11-19T21:42:40Z
Major Change Type: Status Change
Purchase Contract Date: 2012-11-13
Close Date: 2012-11-19
Close Price: 259000

Income and Expenses

Gross Income: 2300
Gross Scheduled Income: 27840

More Information

Historical Information

Public Historical Remarks 1: Restrictions-Pets-Limited (SIR): Y, # 1 Bedroom Units: 1, Occupancy Rate: 100, Annual Property Tax: 4770, Number of Buildings: 1 Building, Present Rental Terms: Year, Two Bedroom Rentals: $801 to $1000/Month, One Bedroom Rentals: $501 to $600/Month
Public Historical Remarks 2: Annual Rent: 27840.00, # 2 Bedroom Units: 2, Present Tenant Exp: All Electric,Security Deposit,Key Deposit,Sewer,Water

Listing Office: EAST COAST REALTY

Last Updated: September - 16 - 2025

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.