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.

989 N 16TH, Jacksonville Beach, FL (MLS# 770019)

989 N 16TH, Jacksonville Beach, FL

$279,000

Virtual Tour

http://tour.904pictures.com/idx/517264

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,442 Status: Closed

Current Price: $279,000 List Date: 5/01/2015 Last Modified: 12/30/2025

Overview

Description

Charming Beach Cottage, meticulously maintained and move-in ready. Attractive back yard with large screened patio and paver brick side patio for outdoor entertaining or living. Wood flooring throughout with tile in the kitchen and baths. Solid surface counter tops in kitchen and baths. Large Master bedroom with egress to back yard. Low maintenance coquina exterior which has also been meticulously maintained. Quiet neighborhood. Close to intracoastal waterway and just under a mile to the beach. Great Jax Beach house

Listing Details MLS# 770019

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1442
Living Area Source: Public Records
Year Built: 1998
Lot Size Dimensions: 70 x 102
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: North on Penman from Beach. Left on 9th Ave N. fist left on 16th St. first house on your left.
Public Remarks: Charming Beach Cottage, meticulously maintained and move-in ready. Attractive back yard with large screened patio and paver brick side patio for outdoor entertaining or living. Wood flooring throughout with tile in the kitchen and baths. Solid surface counter tops in kitchen and baths. Large Master bedroom with egress to back yard. Low maintenance coquina exterior which has also been meticulously maintained. Quiet neighborhood. Close to intracoastal waterway and just under a mile to the beach. Great Jax Beach house
List Price/SqFt: 194.11
Sold Price/SqFt: 193.48

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Primary Bathroom - Tub with Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Tile; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Construction Materials: Frame; Shell Dash Patio And Porch Features: Patio; Screened Pool Features: None Roof: Shingle Parking Features: Attached; Garage Lot Features: Corner Lot Fencing: Back Yard; Other Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2015-04-30

Location Tax and Legal

Street Number: 989
Street Direction Prefix: N
Street Name: 16TH
County: Duval
State: FL
MLS Area Major: 213-Jacksonville Beach-NW
Subdivision Name: Jacksonville Beach

Status Change Information

Major Change Timestamp: 2023-11-13T20:17:16Z
Major Change Type: Price Reduced
Price Change Timestamp: 2015-05-11T15:19:53Z
Purchase Contract Date: 2015-06-18
Close Date: 2015-06-26
Close Price: 279000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Interior aMENITIES-Prewired Audio: Y
Public Historical Remarks 2: Energy Features-Ceiling Fan(s): Y, Dining-Living/Dining Combo: Y, Interior Amenities-Sliding Glass Door(s): Y, Tile Fireplace: Y
Public Historical Remarks 3: Occupant Type: Occupied - Lockbox, See ShowingAssist, Back-Ups Accepted

Documents

Seller's Disclosure ›

Survey ›

Listing Office: ATLANTIC SHORES REALTY OF JACKSONVILLE LLC

Last Updated: December - 30 - 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.

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