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.

85 DEBARRY Avenue 1093, Orange Park, FL 32073 (MLS# 1040384)

85 DEBARRY Avenue 1093, Orange Park, FL 32073

$90,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,014 Status: Closed

Current Price: $90,000 List Date: 2/26/2020 Last Modified: 7/10/2026

Overview

Description

Here is your chance to get into the desired Wells Ridge Condo Community. With a little TLC, this will be the perfect starter home, or a great first investment property! All appliances convey, including newer Samsung washer and dryer! A/C was replaced in the last year, and the roof in the last 5. Schedule your showing now!

Listing Details MLS# 1040384

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1014
Living Area Source: Public Records
Year Built: 1983
Association YN: Yes
Association Fee: 225
Association Fee Frequency: Monthly
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: I-295 to Blanding Blvd exit South on Blanding Left on Wells Left on Debarry Ave Condo is first left and then first unit on your right
Public Remarks: Here is your chance to get into the desired Wells Ridge Condo Community. With a little TLC, this will be the perfect starter home, or a great first investment property! All appliances convey, including newer Samsung washer and dryer! A/C was replaced in the last year, and the roof in the last 5. Schedule your showing now!
List Price/SqFt: 93.69
Sold Price/SqFt: 88.76

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Cooling: Central Air Heating: Central Water Source: Public Current Use: Residential Association Amenities: Community Pool Possession: Negotiable

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2020-02-26

Location Tax and Legal

Street Number: 85
Street Name: DEBARRY
Street Suffix: Avenue
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 132-Bellair/Grove Park
Subdivision Name: Wells Ridge

Status Change Information

Major Change Timestamp: 2020-04-02T23:20:52Z
Major Change Type: Status Change
Purchase Contract Date: 2020-02-28
Close Date: 2020-03-31
Close Price: 90000

Historical Information

Public Historical Remarks 2: Townhouse: Y

More Information

Listing Office: REMI REALTY, LLC

Last Updated: July - 10 - 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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