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.

955 ALLISON Street, Jacksonville, FL 32254 (MLS# 2161162)

955 ALLISON Street, Jacksonville, FL 32254

$110,000

Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 1,008 Lot Size (sq. ft.): 5,227 Status: Closed

Current Price: $110,000 List Date: 8/21/2026 Last Modified: 10/30/2026

Overview

Description

Great home for Empty nester, 1st time homebuyer or investor wanting a turnkey unit. Freshly painted, new LVP flooring, new roof in 2018. New electric panel/wiring. new hot water heater. Newer windows, new kitchen cabinets, kitchen sink and faucet. Come check it out!

Listing Details MLS# 2161162

General Property Information

Bedrooms Total: 2
Bathrooms Full: Yes
Bathrooms Total: Yes
Living Area: 1008
Living Area Source: Assessor
Year Built: 1940
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.12
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 Edgewood go east on Commonwealth, right on Allison. Home on left.
Public Remarks: Great home for Empty nester, 1st time homebuyer or investor wanting a turnkey unit. Freshly painted, new LVP flooring, new roof in 2018. New electric panel/wiring. new hot water heater. Newer windows, new kitchen cabinets, kitchen sink and faucet. Come check it out!
List Price/SqFt: 109.13
Sold Price/SqFt: 109.13

Property Features

Architectural Style: Traditional Levels: One Property Condition: Updated/Remodeled Rental Restrictions: No Minimum Appliances: Electric Oven; Electric Water Heater; Microwave Flooring: Vinyl Laundry Features: Electric Dryer Hookup; In Unit Utilities: Electricity Connected; Water Connected Cooling: Central Air Heating: Central Electric: 200+ Amp Service Water Source: Public Sewer: Public Sewer Construction Materials: Frame; Vinyl Siding Roof: Shingle Parking Features: Other Fencing: Chain Link; Fenced Current Use: Single Family Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Appraisal; Inspection

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-08-19

Location Tax and Legal

Street Number: 955
Street Name: ALLISON
Street Suffix: Street
County: Duval
State: FL
Postal Code: 32254
MLS Area Major: 074-Paxon
Subdivision Name: Woodstock Park

Status Change Information

Major Change Timestamp: 2026-10-30T16:20:28Z
Major Change Type: Status Change
Price Change Timestamp: 2026-09-14T14:00:10Z
Purchase Contract Date: 2026-08-19
Close Date: 2026-10-30
Close Price: 110000

DPR Eligible

DPR Eligible: Yes

More Information

Documents

buyer seller and flood cert ›

Listing Office: BETROS REALTY INC

Last Updated: October - 30 - 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.