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 9328, Jacksonville, FL 32216 (MLS# 2169812)

8539 GATE Parkway W 9328, Jacksonville, FL 32216

$150,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,053 Lot Size (sq. ft.): 436 Status: Active

Current Price: $150,000 List Date: 10/18/2026 Last Modified: 11/02/2026

Overview

Description

Enjoy comfortable condo living in this 2-bedroom, 2-bath residence at Villa Medici! Vinyl flooring flows throughout the living areas and bedrooms, complemented by tile in the kitchen and bathrooms. Large windows welcome natural light, while updated light fixtures and remote-controlled ceiling fans with lights add style and convenience. Both bedrooms feature generously sized walk-in closets, and the primary bathroom offers a walk-in shower. Community amenities include a pool, game room, fitness center, and dog park. Tucked away off Gate Parkway West, Villa Medici offers a peaceful setting with convenient access to Ascension St. Vincent's Southside Hospital, shopping centers, grocery stores, restaurants, and movie theaters. Nearby access to I-95 and J. Turner Butler Boulevard makes getting around Jacksonville easy.

Open Houses

Saturday, November 7, 11:00 am - 1:00 pm
Saturday, November 7, 2:00 pm - 4:00 pm

Listing Details MLS# 2169812

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1053
Living Area Source: Appraiser
Year Built: 2007
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.01
Association YN: Yes
Association Fee: 524.11
Association Fee Frequency: Monthly
Association Name: Villa Medici Condominium Association INC.
Association Phone: 904-296-2216
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: Yes
Stories Total: 4
Entry Level: 3
Senior Community YN: No
Directions: From Southside Blvd: Head west on Gate Pkwy W. Turn right into Villa Medici at 8539 Gate Pkwy W. From Belfort Rd: Head east on Gate Pkwy W toward Southside Blvd. Turn left into Villa Medici at 8539 Gate Pkwy W. Once you entered property stay to your right enter temporary code.
Public Remarks: Enjoy comfortable condo living in this 2-bedroom, 2-bath residence at Villa Medici! Vinyl flooring flows throughout the living areas and bedrooms, complemented by tile in the kitchen and bathrooms. Large windows welcome natural light, while updated light fixtures and remote-controlled ceiling fans with lights add style and convenience. Both bedrooms feature generously sized walk-in closets, and the primary bathroom offers a walk-in shower. Community amenities include a pool, game room, fitness center, and dog park. Tucked away off Gate Parkway West, Villa Medici offers a peaceful setting with convenient access to Ascension St. Vincent's Southside Hospital, shopping centers, grocery stores, restaurants, and movie theaters. Nearby access to I-95 and J. Turner Butler Boulevard makes getting around Jacksonville easy.
List Price/SqFt: 142.45

Property Features

Architectural Style: Spanish Levels: One Rental Restrictions: 6 Months; Tenant Approval Appliances: Convection Oven; Dishwasher; Ice Maker; Microwave; Refrigerator; Washer/Dryer Stacked Flooring: Vinyl Laundry Features: In Unit Utilities: Cable Connected; Electricity Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Fire Alarm; Security Gate; Smoke Detector(s); Other Construction Materials: Wood Siding Exterior Features: Balcony; Courtyard Patio And Porch Features: Side Porch Spa Features: In Ground Roof: Shingle Parking Features: Gated View: Pool Current Use: Residential Association Amenities: Clubhouse; Community Pool; Dog Park; Elevator(s); Fitness Center; Gated; Management - On Site; Trash; Other Association Fee Includes: Maintenance Grounds; Maintenance Structure; Pest Control; Trash Community Features: Gated; Sidewalks Road Frontage Type: City Street Road Surface Type: Paved Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Room Types: Bathroom 1; Bathroom 2; Bedroom; Dining Room; Exercise Room; Family Room; Kitchen; Primary Bathroom