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 3031, Orange Park, FL 32073 (MLS# 1087268)

85 DEBARRY Avenue 3031, Orange Park, FL 32073

$125,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,150 Status: Closed

Current Price: $125,000 List Date: 12/18/2020 Last Modified: 4/17/2026

Overview

Description

Great end unit on preserve with one car garage and screened patio off the living area. Ground floor, one story with no one above. Living/dining combination. Convenient to shopping. Community has pool. Investors-this has been a solid rental unit with long term tenant. Functionality of fireplace is not guaranteed. Tenant occupied. current lease goes through 1-31-2021.

Listing Details MLS# 1087268

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1150
Living Area Source: Public Records
Year Built: 1986
Association YN: Yes
Association Fee: 245
Association Fee Frequency: Monthly
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Entry Level: Yes
Directions: Exit I-295 at State Rd 21 and go south to Wells Rd. Left on Wells then left on Debarry into Wells Ridge, Take first right in community to last unit on the right 3031.
Public Remarks: Great end unit on preserve with one car garage and screened patio off the living area. Ground floor, one story with no one above. Living/dining combination. Convenient to shopping. Community has pool. Investors-this has been a solid rental unit with long term tenant. Functionality of fireplace is not guaranteed. Tenant occupied. current lease goes through 1-31-2021.
List Price/SqFt: 117.39
Sold Price/SqFt: 108.7

Property Features

Approx Parcel Size: Condo-NA Architectural Style: Flat Appliances: Disposal; Electric Range; Electric Water Heater; Refrigerator Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Split Bedrooms Flooring: Carpet Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Patio And Porch Features: Covered; Patio; Screened Lot Features: Wooded Current Use: Multi-Family Association Amenities: Community Pool; Management - Full Time Association Fee Includes: Maintenance Grounds Road Surface Type: Asphalt Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2020-12-18
Unit Type: End Unit

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: 2021-02-17T01:45:37Z
Major Change Type: Status Change
Purchase Contract Date: 2020-12-23
Close Date: 2021-02-16
Close Price: 125000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 2: Dining-Living/Dining Combo: Y

Documents

Floor Plans on File ›

Listing Office: FLORIDA COASTAL JACKSONVILLE

Last Updated: April - 17 - 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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