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 633, Jacksonville, FL 32216 (MLS# 2171259)

8539 GATE Parkway W 633, Jacksonville, FL 32216

New Listing

$135,000

Virtual Tour

https://www.zillow.com/view-imx/66824296-bf74-42f9-bf4b-c70a74ea2f21?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

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

Current Price: $135,000 List Date: 10/31/2026 Last Modified: 11/01/2026

Overview

Description

Third-floor 2 bed, 2 bath condo in Villa Medici, built in 2007 with 927 square feet. Vacant and easy to show, with a convenient Southside location off Gate Parkway.

Listing Details MLS# 2171259

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 927
Living Area Source: Assessor
Year Built: 2007
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.01
Association YN: Yes
Association Fee: 461.39
Association Fee Frequency: Monthly
Association Name: FirstService Residential
CDD Fee YN: No
Accessibility Features YN: No
New Construction 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
Direction Faces: East
Directions: From JTB go North on Southside BLVD to a left on Gate Parkway....Villa Medici is on the right.
Public Remarks: Third-floor 2 bed, 2 bath condo in Villa Medici, built in 2007 with 927 square feet. Vacant and easy to show, with a convenient Southside location off Gate Parkway.
List Price/SqFt: 145.63

Property Features

Levels: One Property Condition: Updated/Remodeled Rental Restrictions: Tenant Approval Appliances: Convection Oven; Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Oven; Electric Range; Electric Water Heater; Ice Maker; Microwave; Plumbed For Ice Maker; Refrigerator; Washer Interior Features: Ceiling Fan(s); Open Floorplan; Primary Bathroom - Tub with Shower Flooring: Laminate; Tile Laundry Features: Electric Dryer Hookup; In Unit; Washer Hookup Utilities: Cable Available; Cable Connected; Electricity Available; Electricity Connected; Sewer Available; Sewer Connected; Water Available; Water Connected Cooling: Central Air Heating: Heat Pump Electric: 200+ Amp Service Water Source: Public Sewer: Public Sewer Security Features: Fire Alarm; Fire Sprinkler System; Security Gate; Smoke Detector(s) Construction Materials: Stucco Exterior Features: Balcony Patio And Porch Features: Deck; Patio Roof: Shingle Parking Features: Gated; Off Street; Parking Lot; Unassigned View: Trees/Woods Current Use: Residential Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow; Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2026-10-27
Unit Type: Other

Location Tax and Legal

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

Status Change Information

Major Change Timestamp: 2026-10-31T07:15:30Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: No

More Information

Documents

Offer Instructions ›

Seller Flood Disclosure ›

Listing Office: MOMENTUM REALTY

Last Updated: November - 01 - 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.