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.

8957 5TH Avenue, Jacksonville, FL 32208 (MLS# 2172112)

8957 5TH Avenue, Jacksonville, FL 32208

New Listing

$134,900

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,376 Lot Size (sq. ft.): 7,405 Status: Active

Current Price: $134,900 List Date: 11/03/2026 Last Modified: 11/03/2026

Overview

Description

Welcome to this single-family home in Jacksonville! Featuring three bedrooms and two bathrooms, this property offers a functional layout with flexible living spaces to accommodate a variety of needs. The additional rooms could be used for a home office, guest room, hobby space, or additional living area. The home would benefit from some minor updates, offering an opportunity to add personal touches and make the space your own. Conveniently located near shopping, dining, schools, and major roadways, this property offers both flexibility and potential for its next owner.

Listing Details MLS# 2172112

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1376
Living Area Source: Owner
Building Area Total: 1376
Year Built: 1948
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.17
Association YN: No
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
Entry Level: Yes
Senior Community YN: No
Direction Faces: North
Directions: From I-95 North, take the exit toward Lem Turner Road. Turn left onto Lem Turner Road, then turn left onto Grand Street. Continue to 5th Avenue and turn left. Proceed to the property.
Public Remarks: Welcome to this single-family home in Jacksonville! Featuring three bedrooms and two bathrooms, this property offers a functional layout with flexible living spaces to accommodate a variety of needs. The additional rooms could be used for a home office, guest room, hobby space, or additional living area. The home would benefit from some minor updates, offering an opportunity to add personal touches and make the space your own. Conveniently located near shopping, dining, schools, and major roadways, this property offers both flexibility and potential for its next owner.
List Price/SqFt: 98.04

Property Features

Architectural Style: A-Frame; Ranch Levels: One Appliances: Electric Range; Refrigerator Flooring: Tile; Vinyl Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup Utilities: Other Cooling: Central Air Heating: Electric Water Source: Other Sewer: Unknown Security Features: Other Construction Materials: Vinyl Siding Patio And Porch Features: Deck; Front Porch Roof: Shingle Parking Features: On Street; Other Lot Features: Few Trees View: Trees/Woods Current Use: Single Family 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: 2026-11-03

Location Tax and Legal

Street Number: 8957
Street Name: 5TH
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32208
MLS Area Major: 075-Trout River/College Park/Ribault Manor
Subdivision Name: Rio Vista

Status Change Information

Major Change Timestamp: 2026-11-03T17:12:41Z
Major Change Type: New Listing

DPR Eligible

DPR Eligible: Yes

More Information

Documents

Listing Office: MAINSTAY BROKERAGE LLC

Last Updated: November - 03 - 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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