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.

10961 BURNT MILL Road 324, Jacksonville, FL 32256 (MLS# 1081902)

10961 BURNT MILL Road 324, Jacksonville, FL 32256

$169,900

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,171 Status: Closed

Current Price: $169,900 List Date: 11/08/2020 Last Modified: 2/04/2025

Overview

Description

Welcome to the Reserve at James Island- one of Jacksonville's most sought after and desirable condominium complexes that affords its residents resort style living. The Reserve at James Island is a 24 hour gated complex with full-time on-site management and includes a host of luxurious amenities such as a full fitness center with an indoor basketball court, social room with a full kitchen and billiards table, business center with a private conference room, large pool and kids pool with undercover cabanas, outdoor kitchen, outdoor bar and grill all surrounded by lush and well maintained landscaping. All these amenities are located near the upscale shops and dining of the St. John's Town Center, office parks, colleges and universities, making this a rare opportunity to own a piece of one of

Supplements: Jacksonville's finest condominiums. Unit 324 is ideally positioned within walking distance to the clubhouse and the unit is east facing on the second level. Once inside unit 324, you will notice a bright and inviting open floor-plan concept with living areas in the heart of the unit. The Owner's Suite is on the North end and the second bedroom sui ... (Read more)

Listing Details MLS# 1081902

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1171
Living Area Source: Public Records
Year Built: 2001
Association YN: Yes
Association Fee: 288.76
Association Fee Frequency: Monthly
Association Fee 2 Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Stories Total: 3
Entry Level: 2
Directions: From I-95 head east on Butler Blvd. Exit right onto gate pkwy. Turn right at Burnt Mill Rd.. Turn Left into The Reserve at James Island. Building 3 located on left upon entrance of community.
Public Remarks: Welcome to the Reserve at James Island- one of Jacksonville's most sought after and desirable condominium complexes that affords its residents resort style living. The Reserve at James Island is a 24 hour gated complex with full-time on-site management and includes a host of luxurious amenities such as a full fitness center with an indoor basketball court, social room with a full kitchen and billiards table, business center with a private conference room, large pool and kids pool with undercover cabanas, outdoor kitchen, outdoor bar and grill all surrounded by lush and well maintained landscaping. All these amenities are located near the upscale shops and dining of the St. John's Town Center, office parks, colleges and universities, making this a rare opportunity to own a piece of one of
List Price/SqFt: 145.09
Sold Price/SqFt: 145.09

Property Features

Approx Parcel Size: Condo-NA Architectural Style: Flat Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Entrance Foyer; In-Law Floorplan; Pantry; Primary Bathroom - Tub with Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Tile; Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Green Energy Efficient: Doors; Windows Security Features: Fire Sprinkler System; Security System Owned; Smoke Detector(s) Construction Materials: Frame; Stucco Exterior Features: Balcony Patio And Porch Features: Patio Spa Features: Private Roof: Shingle Parking Features: Secured; Unassigned Lot Features: Sprinklers In Front; Sprinklers In Rear; Other Current Use: Multi-Family; Residential Association Amenities: Basketball Court; Car Wash Area; Clubhouse; Community Pool; Fitness Center; Jogging Path; Maintenance Grounds; Management - Full Time; Management - On Site; Security; Spa/Hot Tub; Trash Association Fee Includes: Insurance; Maintenance Grounds; Pest Control; Security; Water Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2020-11-07

Location Tax and Legal

Street Number: 10961
Street Name: BURNT MILL
Street Suffix: Road
County: Duval
State: FL
Postal Code: 32256
MLS Area Major: 024-Baymeadows/Deerwood
Subdivision Name: Reserve At James Island Lc

Status Change Information

Major Change Timestamp: 2023-11-14T10:57:43Z
Major Change Type: Price Reduced
Price Change Timestamp: 2020-11-16T15:31:48Z
Purchase Contract Date: 2020-12-18
Close Date: 2021-01-08
Close Price: 169900

Historical Information

Public Historical Remarks 1: Storage Room: Y, Condo Restrictions-See Condo Docs: Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Covenants/Restrictions: Y, Dining-Living/Dining Combo: Y, Condo Restrictions-Governed Covenants/Restrictions: Y, Interior Amenities-Ceiling 8+ Ft.: Y

More Information

Room Information

Room Name
Utility Room

Listing Office: VYLLA HOME

Last Updated: February - 04 - 2025

Information deemed reliable but not guaranteed.