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.

118 GAN Way, St. Johns, FL 32259 (MLS# 2110352)

118 GAN Way, St. Johns, FL 32259

$500,000

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,269 Lot Size (sq. ft.): 11,326 Status: Closed

Current Price: $500,000 List Date: 9/24/2025 Last Modified: 5/01/2026

Overview

Description

Welcome to this 4-bedroom, 2-bath Princeton home on a spacious .26-acre pond and preserve lot, offering privacy and room to grow. The fully fenced backyard provides ample space for a future pool while still leaving plenty of yard to enjoy. The gourmet kitchen is designed for both everyday living and entertaining, featuring Quartz countertops, stainless steel appliances, a gas cooktop, double ovens, and a large island. The open-concept living room is enhanced by a custom fireplace with built-in shelving, while the breakfast nook, separate dining area, and enclosed patio with included TV offer additional spaces to gather. The owner's suite includes a private bath with dual vanities, a soaking tub, and a walk-in shower. Secondary bedrooms are generously sized and share a full bath.

Supplements: Notable features and upgrades include a 3-car garage with epoxy flooring, tankless water heater, Smart Thermostat, Smart Door Lock, Ring doorbell and Ring floodlights (front and rear), Flo Smart Water Monitor with automatic shutoff, MyQ Smart Garage Door system, a 50-amp generator hookup, and a transferable termite bond. Community amenities includ ... (Read more)

Listing Details MLS# 2110352

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2269
Living Area Source: Public Records
Year Built: 2022
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.26
Association YN: Yes
Association Fee: 624.24
Association Fee Frequency: Semi-Annually
CDD Fee YN: No
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: Yes
Stories: Yes
Senior Community YN: No
Directions: From I95, take exit 329 towards 210 west. Continue on 210 and make left turn on 210 west. Turn right onto Longleaf Pine Pkwy. Turn left onto Brown Bear Run and turn right onto Gan Way.
Public Remarks: Welcome to this 4-bedroom, 2-bath Princeton home on a spacious .26-acre pond and preserve lot, offering privacy and room to grow. The fully fenced backyard provides ample space for a future pool while still leaving plenty of yard to enjoy. The gourmet kitchen is designed for both everyday living and entertaining, featuring Quartz countertops, stainless steel appliances, a gas cooktop, double ovens, and a large island. The open-concept living room is enhanced by a custom fireplace with built-in shelving, while the breakfast nook, separate dining area, and enclosed patio with included TV offer additional spaces to gather. The owner's suite includes a private bath with dual vanities, a soaking tub, and a walk-in shower. Secondary bedrooms are generously sized and share a full bath.
List Price/SqFt: 222.57
Sold Price/SqFt: 220.36

Property Features

Architectural Style: Traditional Levels: One Rental Restrictions: 1 Year Appliances: Dishwasher; Disposal; Double Oven; Dryer; Freezer; Gas Cooktop; Gas Oven; Ice Maker; Microwave; Refrigerator; Tankless Water Heater; Washer Fireplace Features: Electric Interior Features: Breakfast Nook; Built-in Features; Ceiling Fan(s); Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Smart Thermostat; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Tile Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Smart Home Features: Locks; Programmable Thermostat Patio And Porch Features: Covered; Patio; Screened Roof: Shingle Parking Features: Garage; Garage Door Opener; Off Street Lot Features: Many Trees; Sprinklers In Rear; Wooded View: Pond; Protected Preserve; Trees/Woods; Water Waterfront Features: Pond Fencing: Back Yard; Fenced; Full; Privacy; Vinyl; Wrought Iron Current Use: Single Family Association Amenities: Community Pool; Management - Off Site; Playground Association Fee Includes: Maintenance Grounds Community Features: Curbs; Sidewalks; Street Lights Road Surface Type: Paved Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-09-24

Location Tax and Legal

Street Number: 118
Street Name: GAN
Street Suffix: Way
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Grand Creek North

Status Change Information

Major Change Timestamp: 2025-11-05T19:35:57Z
Major Change Type: Status Change
Purchase Contract Date: 2025-10-15
Close Date: 2025-11-05
Close Price: 500000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Listing Office: REALTY EXECUTIVES OCEANSIDE

Last Updated: May - 01 - 2026

Information deemed reliable but not guaranteed.