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.

846 CHERRY POINT Way, Jacksonville, FL 32218 (MLS# 2171853)

846 CHERRY POINT Way, Jacksonville, FL 32218

New Listing

$1,680

Property Type: Residential Lease Bedrooms: 3 Baths: 2 Square Footage: 1,308 Lot Size (sq. ft.): 11,326 Status: Active

Current Price: $1,680 List Date: 11/02/2026 Last Modified: 11/02/2026

Overview

Description

This home is ready to move into and offers a large family room with hardwood floors dining room living combo. Hardwood flooring and the main suite. *****THE YARD Maintenance LAWN CARE SERVICE IS INCLUDED IN THE Monthly RENTAL PRICE.**************

Listing Details MLS# 2171853

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1308
Living Area Source: Public Records
Year Built: 2001
Accessory Dwelling Unit Y/N: No
Lot Size Acres: 0.26
Association YN: No
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: Yes
Carport Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Stories Total: Yes
Senior Community YN: No
Directions: 'NORTHSIDE GEM'' This is a beautiful 3/2 home in Cedar North located just off I-95 and Dunn Avenue
Public Remarks: This home is ready to move into and offers a large family room with hardwood floors dining room living combo. Hardwood flooring and the main suite. *****THE YARD Maintenance LAWN CARE SERVICE IS INCLUDED IN THE Monthly RENTAL PRICE.**************
List Price/SqFt: 1.28

Property Features

Additional Lease Terms: 12 Months Owner Pays: Grounds Care Architectural Style: Ranch Appliances: Dishwasher; Disposal; Electric Oven Interior Features: Breakfast Bar; Primary Bathroom - Tub with Shower Laundry Features: Washer Hookup Water Source: Public Parking Features: Additional Parking Sewer: Public Sewer Utilities: Cable Available; Electricity Available; Electricity Connected; Sewer Available; Sewer Connected; Water Available Cooling: Central Air Heating: Central; Heat Pump Road Surface Type: Asphalt Pets Allowed: No

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2026-11-01
Lease Term: 12 Months
Availability Date: 2026-11-01

Location Tax and Legal

Street Number: 846
Street Name: CHERRY POINT
Street Suffix: Way
State: FL
County: Duval
Postal Code: 32218
MLS Area Major: 091-Garden City/Airport
Subdivision Name: Cedar North (phase 2

Status Change Information

Major Change Timestamp: 2026-11-02T01:22:27Z
Major Change Type: New Listing

Deposits and Fees

Security Deposit: 1680

More Information

Listing Office: TYCO REALTY, INC.

Last Updated: November - 02 - 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.