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.

0 SHEFFIELD Road, St. Johns, FL 32259 (MLS# 2039027)

0 SHEFFIELD Road, St. Johns, FL 32259

$352,500

Property Type: Land Lot Size (sq. ft.): 85,378 Status: Closed

Current Price: $352,500 List Date: 7/25/2024 Last Modified: 12/30/2025

Overview

Description

Build the home of your dreams in highly sought after NW St. Johns County! Spacious lot just under 2 acres tucked away on a quiet street. With no HOA, the possibilities are endless!

Listing Details MLS# 2039027

General Property Information

Lot Size Acres: 1.96
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: From 95, exit 210, turn E. Right on SR 13. Right onto Sheffield Rd. turn right on Orange Cove, Left on Sheffield, gated property on the Right
Public Remarks: Build the home of your dreams in highly sought after NW St. Johns County! Spacious lot just under 2 acres tucked away on a quiet street. With no HOA, the possibilities are endless!
List Price/Acre: 178571.43
Sold Price/Acre: 179846.94

Property Features

Current Use: Residential Lot Features: Cleared Utilities: Other Pool Features: None Listing Terms: Cash; Conventional; FHA Possession: Close Of Escrow Contingency Reason: Financing; Inspection

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2024-07-25

Location Tax and Legal

Street Name: SHEFFIELD
Street Suffix: Road
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Scotts

Status Change Information

Major Change Timestamp: 2024-10-08T16:17:22Z
Major Change Type: Status Change
Purchase Contract Date: 2024-08-22
Close Date: 2024-10-07
Close Price: 352500

More Information

Documents

Survey ›

Offer Instructions ›

Listing Office: WATSON REALTY CORP

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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