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.

111 MALEDA Way, St. Johns, FL 32259 (MLS# 876420)

111 MALEDA Way, St. Johns, FL 32259

$432,698

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 3,339 Status: Closed

Current Price: $432,698 List Date: 4/12/2017 Last Modified: 4/06/2026

Overview

Description

Brentwood Floor Plan.

Listing Details MLS# 876420

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 3339
Living Area Source: Plans
Year Built: 2017
Homestead YN: Yes
Lot Size Dimensions: 73X136
Association YN: Yes
Association Fee: 909.24
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 1727.57
New Construction YN: Yes
Garage Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: 2
Directions: From US1; West on Racetrack Road. Continue past St. John's Parkway. Right at first subdivision past St. John's Parkway. Follow signs for Sales Office.
Public Remarks: Brentwood Floor Plan.
List Price/SqFt: 129.59
Sold Price/SqFt: 129.59

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Ranch Property Condition: Under Construction Appliances: Dishwasher; Disposal; Gas Range; Gas Water Heater; Microwave; Tankless Water Heater Interior Features: Breakfast Bar; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Natural Gas Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Security System Owned; Smoke Detector(s) Construction Materials: Frame; Stucco; Other Patio And Porch Features: Covered; Patio; Porch Pool Features: None Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Irregular Lot Waterfront Features: Pond Current Use: Residential; Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Fitness Center; Playground; Tennis Court(s) Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2017-04-11

Location Tax and Legal

Street Number: 111
Street Name: MALEDA
Street Suffix: Way
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Celestina

Status Change Information

Major Change Timestamp: 2017-06-16T17:51:10Z
Major Change Type: Status Change
Purchase Contract Date: 2017-04-11
Close Date: 2017-06-13
Close Price: 432698

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Kitchen-Solid Surface Countertops: Y, Structure Builder: CalAtlantic
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Covenants/Restrictions: Y, Builder Warranty: Y, Energy Features-Ridge Vents: Y, Interior Amenities-Ceiling 8+ Ft.: Y

More Information

Room Information

Room Name
Loft

Listing Office: CALATLANTIC OF NORTH FLORIDA REALTY INC

Last Updated: April - 06 - 2026

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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