Terrace Park
Homes for Sale in Jacksonville, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Terrace Park prices on the house and lot, not on a community package: no amenities show up in current MLS data, the median living area is 1,225 sqft, and the housing stock spans a wide build-year range from 1909 to 2024 with a median year built of 1951. That combination — modest, mostly older homes with no shared amenity draw — is what holds the median price at $132,500 and the median price per square foot at $119.05, both well below what a buyer would pay for size or age alone in a more uniform, amenity-anchored community.
Right now the numbers are thin and pulling in different directions. Just one home is actively listed against five recent closings, which is enough to swing the months-of-supply math to 2.0 and tip the market band to seller-leaning on paper. But median days on market sits at 108, and the year-over-year price read is down 42.4%. Read that combination as a market with almost no live inventory to test, not as broad-based heat — a seller here has leverage on price only if their specific home is genuinely scarce, and a buyer should treat any single listing as a negotiation, not a bidding war.
Terrace Park right now
🟡 Balanced market. 2.0 months of supply and 0% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of realMLS records, as of August 19, 2026. Confidence: Medium (1 active and pending listings, 6 closed sales in 12 months).
🔴 Off the recent peak. The trailing-12-month median ($146K) is down 29.3% from the prior 12 months ($207K). With about 4 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level realMLS closed sales, 12-month windows ending August 19. Confidence: Low (6 and 4 sales in the two windows).
What's unique here: the median sale price is about 53% below the typical Duval County sale ($146K vs $310K, trailing 12 months, realMLS records).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated August 19, 2026 · Live data: realMLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Terrace Park market snapshot (as of August 19, 2026): the median sale price is about $146K ($128 per sq ft over the trailing 12 months of closed sales), a median 86 days on market for closed sales, and 2.0 months of supply, a balanced market. The trailing-12-month median is down 29% from the prior 12 months, computed from record-level realMLS closed sales (6 closings in the current window).
Terrace Park is a community of 198 homes in Jacksonville, Duval County, built between 1909 and 2023 (median 1950.0), with a median living area of about 1,250 square feet. 30% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Terrace Park is a 377-home Jacksonville pocket in Duval County built out over more than a century, from 1909 through 2024, with a median build year of 1951 — value here comes from the individual property, since no community amenities are identified in current MLS listings.
The setting & the homes.
Aerial and on-site photos of Terrace Park. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Terrace ParkPhotos from realMLS listings in Terrace Park; content deemed reliable but not guaranteed.
Who Terrace Park is best for.
Best for
- Buyers targeting an entry-level purchase near the $132,500 median price in Duval County.
- Investors comfortable with a market where only 34.9% of homes carry a homestead exemption, suggesting real non-owner-occupied activity to factor into a rental or resale plan.
- Buyers who want a standalone house-and-lot purchase rather than a community with confirmed shared amenities, since none are identified in current listings.
Probably not for
- Buyers who need a wide pool of active listings to compare before deciding — only one home is on the market right now.
- Buyers on a tight closing timeline — the median time on market runs 108 days.
- Buyers set on a home from a narrow, recent build era — the stock here spans 1909 to 2024, with a median year built of 1951.
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending August 19 of each year, from record-level realMLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($146K) IS the median in the snapshot above, and the move from 2025 ($207K) IS the -29.3% one-year change.
Windows contain 1 to 6 sales each (6 in the current window); every figure carries its sample size, and thin markets swing on single closings. Source: Data provided by realMLS. Deemed reliable but not guaranteed.
Terrace Park Market Scorecard
Terrace Park is currently a strong seller's market. About 2.4 months of supply, a median asking price of $120,000, and homes go under contract in about 599 days.
Typical home value in the 32254 ZIP is $125,668, about 30.9% below the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Terrace Park, Jacksonville
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Source: Data provided by realMLS. Deemed reliable but not guaranteed.
Homes For Sale Right Now in Terrace Park
Live MLS inventory for Terrace Park. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Terrace Park listings as of 2026-08-19, priced high to low. Source: Data provided by realMLS. Tap any home to ask about it.
Terrace Park on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from realMLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Duval County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Pasco County Public Schools (verify by address) · Public
- Confirm zoned elementary, middle, and high · By address
- Magnet and choice options may apply · Choice
Zoned schools reflect the assignments reported on recent Terrace Park listings and can change; always confirm with Duval County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Terrace Park address.
Recent Developments in Terrace Park
Development, infrastructure, retail, and school activity affecting Terrace Park, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Development
JWB secures funding for 108 affordable housing units in Jacksonville
Jacksonville Today reported that JWB Real Estate Capital secured about $28.59 million in gap funding for 108 income-restricted units across three Westside sites on Tracy, Justina and Ricker roads. Plans include 38 townhome-style units and two sets of 35 efficiency units, priced at or below 60% of area median income for 50 years. Groundbreaking is expected by September 2026 with completion in 2027.
What it may mean for the marketAdds new income-restricted rental and townhome housing supply on the Westside, increasing the stock of long-term affordable units and drawing public and tax-credit investment into three infill sites. The project is about 4 miles north of Terrace Park, elsewhere in Duval County.
Source: Jacksonville Today - July 2026Development
Culinary Institute of America selects Jacksonville for Southeast campus
News4Jax reported that the Culinary Institute of America chose downtown Jacksonville for its Southeast hub, to be located at 330 E. Bay Street on the Northbank riverfront. The campus would anchor a $160.5 million hotel and convention center development. The city previously approved up to $35 million in incentives, and the Downtown Investment Authority is finalizing agreements on design and property details.
What it may mean for the marketAnchors a major downtown riverfront redevelopment that pairs an educational campus with hotel and convention space, adding institutional and commercial investment to the urban core alongside Riverfront Plaza and Pearl Square. The project is about 11 miles northeast of Terrace Park, elsewhere in Duval County.
Source: News4Jax - June 2026Development
Hillwood contracts with the City of Jacksonville for 192 acres at AllianceFlorida at Cecil Commerce Center
Master developer Hillwood contracted with the City of Jacksonville for 192 acres at AllianceFlorida at Cecil Commerce Center on Jacksonville's Westside, continuing the buildout of the former Naval Air Station Cecil Field into an industrial and logistics park.
What it may mean for the marketContinued absorption of large industrial parcels at Cecil signals sustained employment growth on the Westside, which can support housing demand across nearby communities. The site is about 8 miles west of Terrace Park.
Source: Jax Daily Record - June 2026Infrastructure
First Coast Expressway advances as an economic-development corridor across Clay and St. Johns
The First Coast Expressway (State Road 23), a tolled beltway looping around the west and south of the Jacksonville metro, continued to open land for development along its corridor, with the final St. Johns County phase from Interstate 95 to east of County Road 2209 in progress. FDOT held a St. Johns County open house on the final phase in January 2026.
What it may mean for the marketNew limited-access highway capacity shortens commutes and opens adjacent land, changes that have historically shaped where new communities and demand concentrate. The site is about 10 miles south of Terrace Park.
Source: Jax Daily Record - April 2026Development
Southeast Toyota opens $170M vehicle-processing facility at JAXPORT's Blount Island, adding 400-plus jobs
Southeast Toyota Distributors dedicated a new vehicle processing facility at JAXPORT's Blount Island Marine Terminal in April 2026. The company put the investment at $170 million and said the facility created more than 400 full-time jobs, most of them hired locally.
What it may mean for the marketA large new employment center on Blount Island adds sustained local job demand, a factor that has historically supported nearby housing absorption. The project is about 20 miles northeast of Terrace Park, elsewhere in Duval County.
Source: JAXPORT - April 2026Development
Hillwood seeks to mass-grade an AllianceFlorida site for a possible 1 million-square-foot building
Hillwood asked to mass grade a site at AllianceFlorida at Cecil Commerce Center to prepare for a possible 1 million-square-foot building, a step that typically precedes a large industrial or distribution user committing to the Westside park.
What it may mean for the marketA build-ready million-square-foot pad points to a potential large employer on the Westside, the kind of jobs anchor that can lift demand for nearby housing. The site is about 8 miles west of Terrace Park.
Source: Jax Daily Record
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
The Terrace Park buying strategy.
If we were buying in Terrace Park today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Terrace Park.
A Century of Building, One Listing on the Market
The build-year spread in Terrace Park is unusually wide for a single community: homes date from as early as 1909 through as recent as 2024, yet the median year built is 1951 and the median living area is a compact 1,225 sqft. That tells buyers the bulk of the 377-home inventory is older and smaller-footprint, with newer construction scattered in rather than defining the community. With no amenities identified from current listings, comparables here have to be judged home-by-home on age, condition, and lot rather than on a shared clubhouse, pool, or gated package.
The ownership and activity data reinforce that this is a thin, individually-driven market. Only 34.9% of homes carry a homestead exemption, pointing to meaningful non-owner-occupied or investment activity in the mix. Against that backdrop, just one active listing and five recorded closings in the current window produced a 2.0-month supply figure and a seller-leaning market-band label, a market heat score of 29, a median 108-day time on market, and a 42.4% year-over-year pullback in price. Those readings are not contradictory so much as symptomatic of low volume: a handful of transactions can move the supply math and the price trend at the same time.
The location and the amenities are priced into every listing in Terrace Park. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Terrace Park buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (3.3). Basis: Recent Direction -29.3% year-over-year; Liquidity & Demand 2.0 months of supply; Owner Commitment 30% owner-occupied; Pricing Power 88.1% sale-to-list. Refreshed with each data update.
Why work with Momentum here
With only one active listing and five closings feeding the current read, Terrace Park is exactly the kind of market where a generic online estimate breaks down. Momentum works this pocket of Duval County directly — tracking individual home condition against a build-year range that runs from 1909 to 2024, watching the homestead-exemption split for signs of investor activity, and pricing off the real $132,500 median and $119.05 per-square-foot figures rather than assumptions carried over from busier, amenity-driven communities nearby.
Terrace Park in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Terrace Park buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Terrace Park sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Terrace Park, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Terrace Park home worth?
Get a no-obligation home value based on real comparable sales in Terrace Park, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Terrace Park?
How long do homes in Terrace Park take to sell?
Is Terrace Park a buyer's or seller's market right now?
How many homes are in Terrace Park?
What share of Terrace Park is owner-occupied?
When were the homes in Terrace Park built?
What schools serve Terrace Park?
Who is the best real estate agent for Terrace Park?
How do I find a top Jacksonville real estate agent who knows Terrace Park?
Can Momentum Realty connect me with an agent for Terrace Park?
Should you buy in Terrace Park?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Terrace Park with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | realMLS, refreshed twice daily (last: August 19, 2026) |
| Community market stats | realMLS closed sales, 12-month windows ending August 19, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (3 streets, ZIP 32254)) |
| Under-contract shares | realMLS records, as of 2026-08-18 |
| Schools | 2025-26 district assignments + FLDOE school grades; verify with the district |
| Historical depth | Closed-sale records back to 2001 (81 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of realMLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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