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.

914 S 7TH, Jacksonville Beach, FL (MLS# 574030)

914 S 7TH, Jacksonville Beach, FL

$275,000

Property Type: Commercial Sale Square Footage: 1,800 Lot Size (sq. ft.): 13,504 Status: Closed

Current Price: $275,000 List Date: 10/01/2012 Last Modified: 3/04/2025

Overview

Description

Double lot with 1800sf building set to one side which could be sold off. 2 private offices, large reception area,overhead garage door in back, 1 bathroom.

Listing Details MLS# 574030

General Property Information

Number Of Units Total: 4
Building Area Total: 1800
Building Area Source: Public Records
Year Built: 1950
Lot Size Acres: 0.31
Water Body Access YN: No
Waterfront YN: No
Stories Total: Yes
Directions: From Beach BLvd south on 9th St.to 7th Ave. right to building & vacant lot on left.
Public Remarks: Double lot with 1800sf building set to one side which could be sold off. 2 private offices, large reception area,overhead garage door in back, 1 bathroom.
List Price/SqFt: 180.56
Sold Price/SqFt: 152.78

Property Features

Building Features: Fenced Business Type: Warehouse Construction Materials: Concrete Current Use: Agricultural; Commercial; Office Listing Terms: Cash; Conventional; Owner May Carry Parking Features: Parking Lot; Unassigned Possession: Subject To Tenant Rights Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date: 2011-03-21
Property Sub Type: Mixed Use

Location Tax and Legal

Street Number: 914
Street Direction Prefix: S
Street Name: 7TH
County: Duval
State: FL
MLS Area Major: 214-Jacksonville Beach-SW

Status Change Information

Major Change Timestamp: 2013-03-04T01:18:53Z
Major Change Type: Status Change
Purchase Contract Date: 2013-02-20
Close Date: 2013-03-01
Close Price: 275000

Building Features

Street Depth: 125

More Information

Historical Information

Public Historical Remarks 1: Road Surface: Asphalt Road, Showing Instructions-Sign on Property: Y, HVAC-Office: Y, Lot Location-Free Standing: Y, Approx. Total SqFt: 1800.00
Public Historical Remarks 2: Fenced Partial: Y, Number of Buildings: 1 Building, Ceiling Height: 8' - 10' Ceilings
Public Historical Remarks 3: Current Zoning: JL-1 Lt Industr

Listing Office: EAST COAST REALTY

Last Updated: March - 04 - 2025

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.