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.

117 HICKORY HILL Drive, St. Augustine, FL 32095 (MLS# 902762)

117 HICKORY HILL Drive, St. Augustine, FL 32095

$1,050,000

Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 5,500 Status: Closed

Current Price: $1,050,000 List Date: 8/01/2018 Last Modified: 1/11/2025

Overview

Description

Stunning Mediterranean Oasis. First level boasts grand living and dining areas, a large gourmet kitchen and wine cellar. The kitchen features an large island w/prep sink, granite counters, double ovens, gas range with full hood vent and walk in pantry overlooking the lush outdoor screened pool/spa oasis with double sided fireplace, Florida kitchen, and water fall. Great room features triple sliding retractable doors, 23ft ceilings, gas fireplace with 20ft cast stone mantle, built in cabinets and surround sound. Bottom floor master suite with sitting area overlooks the pool area, and features built in custom closets and wet bar. Gorgeous master bath with Jacuzzi tub, walk in shower with dual Grohe shower heads. Another bedroom suite and office are on the main level with bamboo flooring.

Supplements: Second level features 3 large bedrooms, 3 bathrooms, a bonus area that overlooks the great room, wet bar, built in cabinets and 2 large verandas overlooking the beautiful outdoor pool area. Luscious landscaping, private setting, and great location!

Listing Details MLS# 902762

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Half: 2
Bathrooms Total: 5
Living Area: 5500
Living Area Source: Public Records
Year Built: 2005
Lot Size Dimensions: 246X139
Association YN: Yes
Association Fee: 200
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 4420
New Construction YN: No
Garage Spaces: 3
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Directions: Off of US1 go into Palencia Entrance. 5 miles east of I-95 off World Golf Village Exit #323-follow Palencia Dr, R onto South Lp, R onto North River, L. on Hickory Hill. Home will be on your right.
Public Remarks: Stunning Mediterranean Oasis. First level boasts grand living and dining areas, a large gourmet kitchen and wine cellar. The kitchen features an large island w/prep sink, granite counters, double ovens, gas range with full hood vent and walk in pantry overlooking the lush outdoor screened pool/spa oasis with double sided fireplace, Florida kitchen, and water fall. Great room features triple sliding retractable doors, 23ft ceilings, gas fireplace with 20ft cast stone mantle, built in cabinets and surround sound. Bottom floor master suite with sitting area overlooks the pool area, and features built in custom closets and wet bar. Gorgeous master bath with Jacuzzi tub, walk in shower with dual Grohe shower heads. Another bedroom suite and office are on the main level with bamboo flooring.
List Price/SqFt: 198
Sold Price/SqFt: 190.91

Property Features

Approx Parcel Size: .51 to 1 Acre Appliances: Dishwasher; Disposal; Electric Water Heater; Gas Range; Ice Maker; Microwave; Refrigerator Fireplace Features: Gas Interior Features: Breakfast Bar; Built-in Features; Eat-in Kitchen; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Marble Utilities: Natural Gas Available Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Security Features: Security System Owned Construction Materials: Stucco Other Structures: Outdoor Kitchen Exterior Features: Balcony Patio And Porch Features: Patio; Porch; Screened Pool Features: In Ground; Heated; Screen Enclosure Spa Features: Private Roof: Tile Parking Features: Attached; Garage Lot Features: Sprinklers In Front; Sprinklers In Rear; Wooded Current Use: Residential; Single Family Association Amenities: Golf Course Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2017-09-28

Location Tax and Legal

Street Number: 117
Street Name: HICKORY HILL
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32095
MLS Area Major: 312-Palencia Area
Subdivision Name: Palencia

Status Change Information

Major Change Timestamp: 2023-11-14T08:25:08Z
Major Change Type: Price Reduced
Price Change Timestamp: 2018-05-16T20:07:43Z
Purchase Contract Date: 2018-08-29
Close Date: 2018-09-18
Close Price: 1050000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Interior Amenities-Window Treatment(s): Y, Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Wine Cellar: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Interior Amenities-Picture Window(s): Y, Interior Amenities-Atrium Door(s): Y

Room Information

Room Name	Level	Length	Width	Remarks
Great Room
Loft
Bedroom 1	First	14.00	15.00	Flooring: b
Bonus Room	First	12.00	16.00	Flooring: b
Living Room	First	16.00	16.00
Dining Room	First	12.00	16.00	Separate Dining Room
Kitchen	First	21.00	15.00
Family Room	First	20.00	24.00
Primary Bedroom	First	17.00	24.00
Bedroom 2	Second	12.00	16.00
Bedroom 3	Second	15.00	12.00

Listing Office: COLDWELL BANKER PREMIER PROPERTIES

Last Updated: January - 11 - 2025

Information deemed reliable but not guaranteed.