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 N TORWOOD Drive, St. Johns, FL 32259 (MLS# 2015317)

113 N TORWOOD Drive, St. Johns, FL 32259

$525,000

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 2,297 Lot Size (sq. ft.): 7,841 Status: Closed

Current Price: $525,000 List Date: 3/21/2024 Last Modified: 4/14/2026

Overview

Description

This cheerful Durbin Crossing home has an open floor plan and the space feels and lives bigger than the actual square footage. The primary bedroom is on the main floor; 3 other bedrooms, 2 full baths and a loft are upstairs and are newly carpeted. Owners added a beautiful screened patio with tile floors and both covered and uncovered seating areas and spent much of their time there. The yard is fully fenced, has plenty of room for a pool and play equipment, and backs to preserve. The home is located on a double cul-de-sac street with no through traffic, and is just over 1 mile to Creekside HS and approx 2 miles to Patriot Oaks Academy K-8. New HVAC in 2023. The 3 car garage has expoxy floors, and 1 of the bays has an interior wall and door, separating it from the other 2. (Owner used this as work space by placing an A/C tower in the room when needed.) All of this and full access to the Durbin Crossing amenities and events. What are you waiting for?

Listing Details MLS# 2015317

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 2297
Living Area Source: Appraiser
Year Built: 2014
Lot Size Acres: 0.18
Association YN: Yes
Association Fee: 65
Association Fee Frequency: Annually
Association Name: Durbin Crossing HOA
CDD Fee YN: Yes
CDD Fee Amount: 2487.43
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Senior Community YN: No
Direction Faces: East
Directions: From Race Track Rd, take Veterans Pkwy. Left at light onto Longleaf Pine Pkwy; first left onto Tollerton Ave. At the end of Tollerton, take a right onto N. Torwood; home is on the left.
Public Remarks: This cheerful Durbin Crossing home has an open floor plan and the space feels and lives bigger than the actual square footage. The primary bedroom is on the main floor; 3 other bedrooms, 2 full baths and a loft are upstairs and are newly carpeted. Owners added a beautiful screened patio with tile floors and both covered and uncovered seating areas and spent much of their time there. The yard is fully fenced, has plenty of room for a pool and play equipment, and backs to preserve. The home is located on a double cul-de-sac street with no through traffic, and is just over 1 mile to Creekside HS and approx 2 miles to Patriot Oaks Academy K-8. New HVAC in 2023. The 3 car garage has expoxy floors, and 1 of the bays has an interior wall and door, separating it from the other 2. (Owner used this as work space by placing an A/C tower in the room when needed.) All of this and full access to the Durbin Crossing amenities and events. What are you waiting for?
List Price/SqFt: 234.65
Sold Price/SqFt: 228.56

Property Features

Architectural Style: Contemporary Levels: Two Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Oven; Electric Water Heater; Microwave; Refrigerator; Washer; Water Softener Owned Interior Features: Breakfast Nook; Ceiling Fan(s); Kitchen Island; Open Floorplan; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Sink; Washer Hookup Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Frame; Stucco Patio And Porch Features: Covered; Patio; Screened Roof: Shingle Parking Features: Garage; Garage Door Opener View: Protected Preserve Fencing: Back Yard Current Use: Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Park; Playground; Tennis Court(s) Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan