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.

8962 MONROE Avenue, Jacksonville, FL 32208 (MLS# 2172251)

8962 MONROE Avenue, Jacksonville, FL 32208

New Listing

$112,900

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 805 Lot Size (sq. ft.): 7,405 Status: Active

Current Price: $112,900 List Date: 11/04/2026 Last Modified: 11/04/2026

Overview

Description

Charming single family home located in Jacksonville. This property offers great potential for first-time buyers or investors looking to add to their portfolio. It can easily become a beautiful residence or a strong rental opportunity. Conveniently located near schools, parks, and major roadways don't miss out on this excellent investment property!

Listing Details MLS# 2172251

General Property Information

Bedrooms Total: 3
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 805
Living Area Source: Public Records
Year Built: 1951
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
Senior Community YN: No
Directions: From downtown Jacksonville, head north on Main Street for about 5 miles. Turn left onto Edgewood Avenue West and continue for roughly 2 miles. Then turn right onto Moncrief Road and drive about a mile. Turn left onto 45th Street, continue straight, and then turn right onto Monroe Avenue. The house at 8962 Monroe Ave will be on your left-hand side.
Public Remarks: Charming single family home located in Jacksonville. This property offers great potential for first-time buyers or investors looking to add to their portfolio. It can easily become a beautiful residence or a strong rental opportunity. Conveniently located near schools, parks, and major roadways don't miss out on this excellent investment property!
List Price/SqFt: 140.25

Property Features

Appliances: Electric Range; Microwave Utilities: Cable Available; Electricity Available; Water Available Cooling: Central Air Heating: Central Water Source: Public Parking Features: Secured Current Use: Investment; Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-11-02

Location Tax and Legal

Street Number: 8962
Street Name: MONROE
Street Suffix: Avenue
County: Duval
State: FL
Postal Code: 32208
MLS Area Major: 075-Trout River/College Park/Ribault Manor
Subdivision Name: Thompsons Riverview

Status Change Information

Major Change Timestamp: 2026-11-04T16:54:16Z
Major Change Type: New Listing

More Information

Listing Office: SUNCOAST PROPERTY MANAGEMENT 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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