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.

8354 FIRE FLY Lane, Jacksonville, FL 32244 (MLS# 2156825)

8354 FIRE FLY Lane, Jacksonville, FL 32244

$285,000

Virtual Tour

https://my.matterport.com/show/?m=5jar78DtHSE

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,463 Lot Size (sq. ft.): 11,761 Status: Active

Current Price: $285,000 List Date: 7/24/2026 Last Modified: 10/23/2026

Overview

Description

3-bedroom, 2-bath home in Cypress Point offering spacious living and dining areas, a pond lot, and a permitted additional garage/workshop. Seller is offering $5,000 toward buyer's allowable closing costs with an acceptable offer. Major improvements include a new roof installed in 2026, a 2022 water heater, HVAC service in 2026, updated attic ductwork, and new luxury vinyl plank flooring in the dining room installed in 2026. The permitted approximately 400-square-foot detached garage/workshop was completed in 2010 and offers valuable additional space for hobbies, projects, storage, equipment, or other needs. The covered patio and fenced backyard provide additional outdoor space, while the extended driveway adds convenient parking. An active termite bond is also in place. Conveniently located minutes from NAS Jacksonville, shopping, and I-295.

Listing Details MLS# 2156825

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1463
Living Area Source: Public Records
Year Built: 1992
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.27
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Directions: From I-295, take Exit 12 (Collins Rd). Head west on Collins Rd, turn left onto Star Rush Dr, right onto Swamp Flower Dr, right onto Eagles Perch Dr, left onto Knotts Landing Dr E, left onto Fire Fly Dr, then right onto Fire Fly Ln. Home is on the right.
Public Remarks: 3-bedroom, 2-bath home in Cypress Point offering spacious living and dining areas, a pond lot, and a permitted additional garage/workshop. Seller is offering $5,000 toward buyer's allowable closing costs with an acceptable offer. Major improvements include a new roof installed in 2026, a 2022 water heater, HVAC service in 2026, updated attic ductwork, and new luxury vinyl plank flooring in the dining room installed in 2026. The permitted approximately 400-square-foot detached garage/workshop was completed in 2010 and offers valuable additional space for hobbies, projects, storage, equipment, or other needs. The covered patio and fenced backyard provide additional outdoor space, while the extended driveway adds convenient parking. An active termite bond is also in place. Conveniently located minutes from NAS Jacksonville, shopping, and I-295.
List Price/SqFt: 194.81

Property Features

Architectural Style: Traditional Levels: One Appliances: Dryer; Electric Oven; Electric Range; Electric Water Heater; Refrigerator; Washer Interior Features: Breakfast Bar; Ceiling Fan(s); Entrance Foyer; Primary Bathroom - Shower No Tub Flooring: Tile; Vinyl Laundry Features: In Garage Utilities: Cable Available; Electricity Available; Sewer Connected Cooling: Central Air Heating: Central Electric: 220 Volts in Garage Water Source: Public Sewer: Public Sewer Security Features: Closed Circuit Camera(s) Patio And Porch Features: Covered; Rear Porch Roof: Shingle Parking Features: Garage View: Pond Fencing: Chain Link Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-07-24

Location Tax and Legal

Street Number: 8354
Street Name: FIRE FLY
Street Suffix: Lane
County: Duval
State: FL
Postal Code: 32244
MLS Area Major: 067-Collins Rd/Argyle/Oakleaf Plantation (Duval)
Subdivision Name: Cypress Point

Status Change Information

Major Change Timestamp: 2026-10-23T15:25:10Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-23T15:25:10Z

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: WATSON REALTY CORP

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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