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.

8539 GATE Parkway W 436, Jacksonville, FL 32216 (MLS# 2167867)

8539 GATE Parkway W 436, Jacksonville, FL 32216

$1,295

Property Type: Residential Lease Bedrooms: 2 Baths: 2 Square Footage: 927 Lot Size (sq. ft.): 436 Status: Closed

Current Price: $1,295 List Date: 10/05/2026 Last Modified: 10/26/2026

Overview

Description

Location, Location, Location! Don't miss this Great 3rd floor condo in the desirable community of Villa Medici off of Gate Pkwy and Southside. This third floor condo offers 2 Bedrooms, 2 Full Baths, a Laundry Room, a family room open to the Kitchen which is great for entertaining. The kitchen has white cabinets and stainless steel appliances. Great Screened porch with a storage closet off of the Family Room. Wonderful resort style amenities! Just minutes to the St. Johns Town Center,the Theaters & very easy access to I-95, Butler Blvd & the Beaches!

Listing Details MLS# 2167867

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Unit Type: End Unit
Living Area: 927
Living Area Source: Appraiser
Year Built: 2007
Accessory Dwelling Unit Y/N: No
Lot Size Acres: 0.01
Association YN: No
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 3
Stories Total: 3
Entry Level: 3
Senior Community YN: No
Directions: Southside Blvd go to Gate Pkwy, Go West. Villa Medici on the right. Go through the gate. Building 4. Unit 436
Public Remarks: Location, Location, Location! Don't miss this Great 3rd floor condo in the desirable community of Villa Medici off of Gate Pkwy and Southside. This third floor condo offers 2 Bedrooms, 2 Full Baths, a Laundry Room, a family room open to the Kitchen which is great for entertaining. The kitchen has white cabinets and stainless steel appliances. Great Screened porch with a storage closet off of the Family Room. Wonderful resort style amenities! Just minutes to the St. Johns Town Center,the Theaters & very easy access to I-95, Butler Blvd & the Beaches!
List Price/SqFt: 1.4
Sold Price/SqFt: 1.4

Property Features

Additional Lease Terms: 12 Months Owner Pays: Association Fees; Taxes Architectural Style: Traditional Levels: One Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer Interior Features: Ceiling Fan(s); Split Bedrooms Laundry Features: In Unit Association Amenities: Community Pool; Fitness Center; Gated; Trash Water Source: Public Parking Features: Unassigned Sewer: Public Sewer Security Features: Security Gate Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Road Surface Type: Asphalt Rent Includes: None Tenant Pays: All Utilities Pets Allowed: No

Contract Information

Rental Service: RentSpree
Rental Application URL: https://apply.link/F5uQrd8
RentEdge Syndication Y/N: Yes
Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2026-10-05
Lease Term: 12 Months
Availability Date: 2026-10-01

Location Tax and Legal

Street Number: 8539
Street Name: GATE
Street Suffix: Parkway
Street Direction Suffix: W
State: FL
County: Duval
Postal Code: 32216
MLS Area Major: 022-Grove Park/Sans Souci
Subdivision Name: Villa Medici

Status Change Information

Major Change Timestamp: 2026-10-26T20:14:23Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-26
Close Date: 2026-10-26
Close Price: 1295

Deposits and Fees

Application Fee: 50
Security Deposit: 1300

More Information

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: October - 26 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare