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.

113 MAHOGANY BAY Drive, St. Johns, FL 32259 (MLS# 923540)

113 MAHOGANY BAY Drive, St. Johns, FL 32259

$239,900

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,865 Status: Closed

Current Price: $239,900 List Date: 3/08/2018 Last Modified: 3/11/2026

Overview

Description

What a fantastic opportunity to find a gem nestled in Aberdeen for under $250k! A true blank canvas. Split floor plan with plenty of space for an office or play room up front. The backyard backs up to a preserve. Don't miss out on this while it lasts!

Listing Details MLS# 923540

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1865
Living Area Source: Public Records
Year Built: 2007
Association YN: Yes
Association Fee: 50
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 1606.87
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From Veterans Prkwy, Turn right on to Longleaf Pine Prkwy, Turn right on to Mahogany Bay Dr, 4th property on the left
Public Remarks: What a fantastic opportunity to find a gem nestled in Aberdeen for under $250k! A true blank canvas. Split floor plan with plenty of space for an office or play room up front. The backyard backs up to a preserve. Don't miss out on this while it lasts!
List Price/SqFt: 128.63
Sold Price/SqFt: 128.63

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer; Water Softener Owned Interior Features: Primary Bathroom -Tub with Separate Shower Flooring: Vinyl Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Fiber Cement; Frame; Stucco Patio And Porch Features: Porch Pool Features: None Roof: Shingle Parking Features: Attached; Garage Lot Features: Sprinklers In Front; Sprinklers In Rear Current Use: Residential Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2018-03-08

Location Tax and Legal

Street Number: 113
Street Name: MAHOGANY BAY
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Aberdeen

Status Change Information

Major Change Timestamp: 2018-04-13T17:53:04Z
Major Change Type: Status Change
Purchase Contract Date: 2018-03-08
Close Date: 2018-04-13
Close Price: 239900

Historical Information

Public Historical Remarks 2: Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y

More Information

Listing Office: KELLER WILLIAMS FIRST COAST REALTY

Last Updated: March - 11 - 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.