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.

110 SEA HAMMOCK Way, Ponte Vedra Beach, FL 32082 (MLS# 2025171)

110 SEA HAMMOCK Way, Ponte Vedra Beach, FL 32082

$1,200,000

Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,614 Status: Closed

Current Price: $1,200,000 List Date: 5/10/2024 Last Modified: 3/05/2025

Overview

Description

buyer represented by non realtor stellarMLS

Supplements: none

Listing Details MLS# 2025171

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1614
Living Area Source: Public Records
Year Built: 1986
Accessory Dwelling Unit Y/N: No
Association YN: Yes
Association Fee: 1660
Association Fee Frequency: Monthly
Association Name: Caryn Scott
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Furnished: Unfurnished
Stories: 2
Stories Total: 2
Entry Level: 2
Senior Community YN: No
Direction Faces: West
Directions: South on A1A from Turner BLVD. Continue 7 miles to Sea Hammock on left
Public Remarks: buyer represented by non realtor stellarMLS
List Price/SqFt: 743.49
Sold Price/SqFt: 743.49

Property Features

Architectural Style: Other Levels: Two Property Condition: Updated/Remodeled Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Water Heater; Freezer; Ice Maker; Microwave; Washer Fireplace Features: Wood Burning Interior Features: Ceiling Fan(s); Open Floorplan Flooring: Carpet; Laminate Laundry Features: Electric Dryer Hookup; In Unit Utilities: Electricity Available; Sewer Available; Water Available Cooling: Central Air Heating: Central Water Source: Public Exterior Features: Balcony; Storm Shutters Roof: Metal Parking Features: Attached; Garage Door Opener View: Beach Water Body Access Type: Community Waterfront Features: Ocean Access Current Use: Residential Association Amenities: Beach Access; Community Pool; Gated Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2024-04-11
Unit Type: End Unit

Location Tax and Legal

Street Number: 110
Street Name: SEA HAMMOCK
Street Suffix: Way
County: St. Johns
State: FL
Postal Code: 32082
MLS Area Major: 261-Ponte Vedra Bch-S Of Corona-E Of A1E/Lake Pv
Subdivision Name: Old Ponte Vedra Bch

Status Change Information

Major Change Timestamp: 2024-05-10T19:28:15Z
Major Change Type: Status Change
Purchase Contract Date: 2024-04-12
Close Date: 2024-04-29
Close Price: 1200000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Listing Office: NON MLS (realMLS)

Last Updated: March - 05 - 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.