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.

1018 N BLACK CHERRY Drive, St. Johns, FL 32259 (MLS# 2160298)

1018 N BLACK CHERRY Drive, St. Johns, FL 32259

$188,700

2nd Floor Laundry - Washer and Dryer Stay.

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,468 Status: Closed

Current Price: $188,700 List Date: 8/15/2026 Last Modified: 9/28/2026

Overview

Description

Welcome to 1018 Black Cherry Way, a sunny and bright 3-bedroom, 2.5-bath condo in St. Johns County, FL offering a spacious floor plan and peaceful preserve setting. The first floor features easy-care tile flooring, while LVP flooring on the stairs and upstairs hallway adds an updated touch. All three bedrooms are generously sized with carpet for comfort. Enjoy the convenience of an upstairs laundry located near the bedrooms. Step outside to a deep backyard overlooking a private preserve, offering added privacy and a relaxing natural backdrop. A longer driveway provides extra parking for multiple vehicles or guests. This inviting St. Johns County condo for sale offers plenty of natural light, comfortable living spaces and a low-maintenance lifestyle. Convenient to Jacksonville, St. Augustine, shopping, dining and major roadways--a wonderful place to call home!

Listing Details MLS# 2160298

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1468
Living Area Source: Appraiser
Year Built: 2006
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Association YN: Yes
Association Fee: 302
Association Fee Frequency: Monthly
Association Fee 2: 100
Association Fee 2 Frequency: Monthly
CDD Fee YN: No
Accessibility Features YN: Yes
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Stories Total: 2
Senior Community YN: No
Directions: Phillips Highway, to Racetrack west. Right on Big Cypress Drive, to Left on Cherry Way to Left on Black Cherry to #1018.
Public Remarks: Welcome to 1018 Black Cherry Way, a sunny and bright 3-bedroom, 2.5-bath condo in St. Johns County, FL offering a spacious floor plan and peaceful preserve setting. The first floor features easy-care tile flooring, while LVP flooring on the stairs and upstairs hallway adds an updated touch. All three bedrooms are generously sized with carpet for comfort. Enjoy the convenience of an upstairs laundry located near the bedrooms. Step outside to a deep backyard overlooking a private preserve, offering added privacy and a relaxing natural backdrop. A longer driveway provides extra parking for multiple vehicles or guests. This inviting St. Johns County condo for sale offers plenty of natural light, comfortable living spaces and a low-maintenance lifestyle. Convenient to Jacksonville, St. Augustine, shopping, dining and major roadways--a wonderful place to call home!
List Price/SqFt: 135.56
Sold Price/SqFt: 128.54

Property Features

Architectural Style: Traditional Levels: Two Property Condition: Updated/Remodeled Appliances: Disposal; Dryer; Electric Oven; Electric Water Heater; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Ceiling Fan(s); Pantry; Primary Bathroom - Tub with Shower; Split Bedrooms Flooring: Carpet; Luxury Vinyl; Tile Laundry Features: In Unit; Upper Level Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Security Features: Security Gate; Smoke Detector(s) Construction Materials: Stucco Patio And Porch Features: Patio Roof: Shingle Parking Features: Additional Parking; Attached; Garage; Gated Lot Features: Cul-De-Sac View: Protected Preserve Current Use: Residential Association Amenities: Clubhouse; Community Pool; Pickleball; Tennis Court(s) Community Features: Gated Road Frontage Type: County Road Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Inspection