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.

9112 5TH Avenue, Jacksonville, FL 32208 (MLS# 2087949)

9112 5TH Avenue, Jacksonville, FL 32208

$199,900

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,495 Lot Size (sq. ft.): 4,792 Status: Closed

Current Price: $199,900 List Date: 5/16/2025 Last Modified: 10/27/2026

Overview

Description

Don't miss this spacious 3 bedroom, 2 bath home featuring fresh paint, brand new carpet, and durable LVP flooring throughout the main living areas. The kitchen is accented with classic tile flooring and abundant natural light flows through every room. With generous living space and a large backyard, this home offers the perfect blend of comfort and functionality. Ideally located just minutes from Downtown Jacksonville, Riverside, and more; enjoy convenience and charm!

Listing Details MLS# 2087949

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1495
Living Area Source: Public Records
Year Built: 2008
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.11
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
Stories: Yes
Senior Community YN: No
Directions: I-95 N to FL-117 N. Take exit 356B from I-95 N, Take FL-115 N to 5th Ave
Public Remarks: Don't miss this spacious 3 bedroom, 2 bath home featuring fresh paint, brand new carpet, and durable LVP flooring throughout the main living areas. The kitchen is accented with classic tile flooring and abundant natural light flows through every room. With generous living space and a large backyard, this home offers the perfect blend of comfort and functionality. Ideally located just minutes from Downtown Jacksonville, Riverside, and more; enjoy convenience and charm!
List Price/SqFt: 133.71
Sold Price/SqFt: 133.71

Property Features

Appliances: Other Utilities: Electricity Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Septic Tank Parking Features: Other Current Use: Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Financing; Inspection

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-05-16

Location Tax and Legal

Street Number: 9112
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: Armstrongs

Status Change Information

Major Change Timestamp: 2025-06-26T18:41:00Z
Major Change Type: Status Change
Purchase Contract Date: 2025-05-28
Close Date: 2025-06-25
Close Price: 199900

DPR Eligible

DPR Eligible: No

More Information

Listing Office: REAL BROKER LLC

Last Updated: October - 27 - 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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