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.

8700 KAYE Lane, Jacksonville, FL 32222 (MLS# 2169484)

8700 KAYE Lane, Jacksonville, FL 32222

$289,900

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,762 Lot Size (sq. ft.): 22,216 Status: Active

Current Price: $289,900 List Date: 10/15/2026 Last Modified: 11/04/2026

Overview

Description

Welcome to this Jacksonville home offering a functional layout with 4 bedrooms and 2 bathrooms. The home provides comfortable living spaces and a versatile floor plan with room for everyday living, guests, a home office, or other personal needs. Situated on approximately 0.51 acres, the property offers a spacious setting with room to enjoy the outdoors. Conveniently located near schools, shopping, dining, major roadways, and everyday amenities, this property presents an excellent opportunity for a homeowner or investor.

Listing Details MLS# 2169484

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1762
Living Area Source: Owner
Building Area Total: 1762
Year Built: 2021
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.51
Association YN: Yes
Association Fee: 150
Association Fee Frequency: Monthly
Association Name: Kayes Estates
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Direction Faces: North
Directions: From I-295, take the exit toward FL-21/SR-21/Blanding Blvd and head southwest. Turn onto Old Middleburg Rd S, then continue toward Kaye Ln. Turn onto Kaye Ln and follow the residential street to the property.
Public Remarks: Welcome to this Jacksonville home offering a functional layout with 4 bedrooms and 2 bathrooms. The home provides comfortable living spaces and a versatile floor plan with room for everyday living, guests, a home office, or other personal needs. Situated on approximately 0.51 acres, the property offers a spacious setting with room to enjoy the outdoors. Conveniently located near schools, shopping, dining, major roadways, and everyday amenities, this property presents an excellent opportunity for a homeowner or investor.
List Price/SqFt: 164.53

Property Features

Architectural Style: Ranch Levels: One Appliances: Other Flooring: Other Laundry Features: Gas Dryer Hookup; Washer Hookup Utilities: Other Cooling: Central Air Heating: Electric Water Source: Other Sewer: Unknown Construction Materials: Vinyl Siding Patio And Porch Features: Porch Roof: Shingle Parking Features: Attached; Garage Lot Features: Few Trees View: Other Current Use: Residential Association Amenities: Other Association Fee Includes: Other Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-10-15

Location Tax and Legal

Street Number: 8700
Street Name: KAYE
Street Suffix: Lane
County: Duval
State: FL
Postal Code: 32222
MLS Area Major: 063-Jacksonville Heights/Oak Hill/English Estates
Subdivision Name: Kayes Hideaway

Status Change Information

Major Change Timestamp: 2026-10-15T23:12:18Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Documents

Flood Disclosure ›

Sinkhole Disclosure ›

Drywall Disclosure ›

Seller Addendum (Required) ›

Utility Addendum ›

ABAD (Required) ›

Offer Guidelines - PLEASE READ ›

HOA Disclosure ›

Listing Office: MAINSTAY BROKERAGE LLC

Last Updated: November - 04 - 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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