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.

8398 CANNONWOOD Lane, Jacksonville, FL 32216 (MLS# 2169423)

8398 CANNONWOOD Lane, Jacksonville, FL 32216

$2,200

Property Type: Residential Lease Bedrooms: 3 Baths: 3 Square Footage: 1,678 Status: Pending

Current Price: $2,200 List Date: 10/15/2026 Last Modified: 10/25/2026

Overview

Description

Wonderfully maintained townhome with gorgeous hardwood floors downstairs. The welcoming foyer leads to an open great room, kitchen and dining area. Screened porch with water view. Half bath downstairs and two car garage. All bedrooms are upstairs with carpet. Primary bath has double vanity, garden tub and separate shower plus large walk-in closet. Fireplace is for decoration only and cannot be used. Security system is not included in lease. Application is $75 anyone 18 and over. Tenant pays a $125 processing fee. Community lease fee of $75 is paid by tenant and the tenant packet must be completed and approved. Please review the Rental Process guide, sample lease and Ironwood tenant packet.

Listing Details MLS# 2169423

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1678
Living Area Source: Public Records
Year Built: 2005
Accessory Dwelling Unit Y/N: No
Association YN: Yes
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Unfurnished
Stories Total: 2
Entry Level: Yes
Senior Community YN: No
Directions: I-95 to East on JTB to Belfort Rd. Right on Gate Pkwy. Ironwood is on the Left.
Public Remarks: Wonderfully maintained townhome with gorgeous hardwood floors downstairs. The welcoming foyer leads to an open great room, kitchen and dining area. Screened porch with water view. Half bath downstairs and two car garage. All bedrooms are upstairs with carpet. Primary bath has double vanity, garden tub and separate shower plus large walk-in closet. Fireplace is for decoration only and cannot be used. Security system is not included in lease. Application is $75 anyone 18 and over. Tenant pays a $125 processing fee. Community lease fee of $75 is paid by tenant and the tenant packet must be completed and approved. Please review the Rental Process guide, sample lease and Ironwood tenant packet.
List Price/SqFt: 1.31

Property Features

Levels: Two Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Entrance Foyer; Primary Bathroom -Tub with Separate Shower; Walk-In Closet(s) Patio And Porch Features: Patio; Screened Association Amenities: Community Pool Community Features: Gated Water Source: Public Parking Features: Garage Sewer: Public Sewer View: Water Waterfront Features: Pond Utilities: Electricity Available; Sewer Available; Water Available Cooling: Central Air Heating: Central Road Surface Type: Asphalt Tenant Pays: All Utilities; Cable TV; Pest Control Pets Allowed: Breed Restrictions; Dogs OK; Number Limit Room Types: Great Room

Contract Information

Rental Service: None
Rental Application URL: floridanetworkpm.com
RentEdge Syndication Y/N: No
Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2026-10-15
Lease Term: 12 Months
Availability Date: 2026-11-06

Location Tax and Legal

Street Number: 8398
Street Name: CANNONWOOD
Street Suffix: Lane
State: FL
County: Duval
Postal Code: 32216
MLS Area Major: 022-Grove Park/Sans Souci
Subdivision Name: Ironwood

Status Change Information

Major Change Timestamp: 2026-10-25T23:06:19Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-25

Deposits and Fees

Additional Fee: 125
Application Fee: 75
Association Application Fee: 75
Pet Fee/Deposit: 500
Security Deposit: 2300

More Information

Room Information

Room Name
Great Room

Documents

Rental Process ›

Sample Lease ›

Ironwood Tenant Packet ›

Listing Office: FLORIDA NETWORK PROPERTY MANAGEMENT

Last Updated: October - 25 - 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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