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.

985 16TH Avenue S, Jacksonville Beach, FL 32250 (MLS# 1103476)

985 16TH Avenue S, Jacksonville Beach, FL 32250

$410,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,406 Status: Closed

Current Price: $410,000 List Date: 4/12/2021 Last Modified: 2/07/2025

Overview

Description

LOCATION-LOCATION-LOCATION! Live the beach life in this 3 bedroom 2 bath home and bike or walk to the beach EVERYDAY! ONLY 6 BLOCKS TO THE BEACH! Don't wait, make this beach house yours before it's gone. Home is vacant and easy to show.

Listing Details MLS# 1103476

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1406
Living Area Source: Public Records
Year Built: 1947
Association YN: No
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: JTB E to South Beach Parkway, 1st left onto S Beach Pkwy, turn left onto 16th Ave, home will be on your right.
Public Remarks: LOCATION-LOCATION-LOCATION! Live the beach life in this 3 bedroom 2 bath home and bike or walk to the beach EVERYDAY! ONLY 6 BLOCKS TO THE BEACH! Don't wait, make this beach house yours before it's gone. Home is vacant and easy to show.
List Price/SqFt: 309.39
Sold Price/SqFt: 291.61

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Electric Range; Electric Water Heater; Microwave; Refrigerator Interior Features: Primary Bathroom - Tub with Shower Flooring: Tile Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Pool Features: None Roof: Metal Parking Features: On Street; Other Lot Features: Corner Lot; Sprinklers In Front; Sprinklers In Rear Fencing: Back Yard Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2021-04-07

Location Tax and Legal

Street Number: 985
Street Name: 16TH
Street Suffix: Avenue
Street Direction Suffix: S
County: Duval
State: FL
Postal Code: 32250
MLS Area Major: 214-Jacksonville Beach-SW
Subdivision Name: Oceanside Park

Status Change Information

Major Change Timestamp: 2023-11-16T23:57:47Z
Major Change Type: Price Reduced
Price Change Timestamp: 2021-04-21T00:55:46Z
Purchase Contract Date: 2021-05-07
Close Date: 2021-06-02
Close Price: 410000

Historical Information

Public Historical Remarks 1: Kitchen-Solid Surface Countertops: Y

More Information

Documents

Sellers Disclosure ›

Survey ›

Listing Office: WATSON REALTY CORP

Last Updated: February - 07 - 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.