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.

925 PHILLIPS Street 2, Jacksonville, FL 32207 (MLS# 2161819)

925 PHILLIPS Street 2, Jacksonville, FL 32207

$1,000

Property Type: Residential Lease Bedrooms: 2 Baths: 1 Square Footage: 650 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $1,000 List Date: 8/25/2026 Last Modified: 10/29/2026

Overview

Description

This 2 BDRM, 1 Bath , 650 sq ft apartment is conveniently located in the sought after San Marco community. Kitchen with granite cntrtops and new stainless appliances. Super location near the hospitals, Ronald McDonald House, great restaurants and the parks are in walking distance from this area. The unit has been recently renovated. There are updated windows, flooring, appliances and cabinetry! There is a laundry on the premises. Also designated parking in front of the building. sec dep $1125. (AVlb DSW) avai now

Listing Details MLS# 2161819

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 650
Living Area Source: Assessor
Year Built: 1928
Lot Size Acres: 0.13
Association YN: No
Accessibility Features YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Senior Community YN: No
Directions: From I-95 at St johns river, go south on san marco blvd, right on Phillips to property on right at 925.
Public Remarks: This 2 BDRM, 1 Bath , 650 sq ft apartment is conveniently located in the sought after San Marco community. Kitchen with granite cntrtops and new stainless appliances. Super location near the hospitals, Ronald McDonald House, great restaurants and the parks are in walking distance from this area. The unit has been recently renovated. There are updated windows, flooring, appliances and cabinetry! There is a laundry on the premises. Also designated parking in front of the building. sec dep $1125. (AVlb DSW) avai now
List Price/SqFt: 1.54

Property Features

Additional Lease Terms: 12 Months Owner Pays: Grounds Care Appliances: Electric Range; Microwave; Refrigerator Patio And Porch Features: Front Porch Water Source: Public Parking Features: Off Street; Unassigned Utilities: Electricity Available; Water Available Cooling: Central Air Heating: Central Tenant Pays: All Utilities Pets Allowed: Cats OK

Contract Information

Rental Service: None
Property Sub Type: Apartment
Property Attached YN: Yes
Listing Contract Date: 2026-08-25
Lease Term: 12 Months

Location Tax and Legal

Street Number: 925
Street Name: PHILLIPS
Street Suffix: Street
State: FL
County: Duval
Postal Code: 32207
MLS Area Major: 011-San Marco
Subdivision Name: San Marco

Status Change Information

Major Change Timestamp: 2026-10-29T16:06:33Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-29T16:06:33Z

Deposits and Fees

Application Fee: 75
Pet Fee/Deposit: 250
Security Deposit: 1250

More Information

Listing Office: TRADITIONS REALTY LLC

Last Updated: October - 29 - 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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