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 RIDGEHILL WAY, St. Johns, FL 32259 (MLS# 2141869)

118 RIDGEHILL WAY, St. Johns, FL 32259

$805,000

Virtual Tour

https://www.zillow.com/view-imx/25591631-8580-4e8e-936b-75be5df8afc3?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

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Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 3,055 Status: Closed

Current Price: $805,000 List Date: 4/24/2026 Last Modified: 7/17/2026

Overview

Description

Stunning & thoughtfully designed, this custom home brings style and sophistication to everyday living. Nestled in one of Northeast Florida's most desirable communities, RiverTown perfectly captures the essence of Sunshine State living. This home showcases premium upgrades and carefully curated details throughout. An extended driveway with refined lighting creates a grand first impression, setting the tone for the beauty that awaits inside. A beautifully crafted wood ceiling in the foyer adds charm, and architectural character from the moment you enter. At the heart of the home, enjoy a chef's kitchen featuring upgraded cabinetry and an impressive custom pantry designed for both function and style. An elegant wine storage display a refined touch, perfect for those who love to entertain. A hidden office, seamlessly integrated into the design, offers a private and functional workspace--ideal for today's lifestyle. This is more than a Home-it's a place to truly enjoy and call your own! ... (Read more)

Listing Details MLS# 2141869

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 3055
Living Area Source: Appraiser
Year Built: 2024
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Association YN: Yes
Association Fee: 53
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 3165.41
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: 2
Senior Community YN: No
Directions: From I-95, take Exit 329 for CR 210 toward Green Cove Springs. Travel west on CR 210 and continue straight as it becomes Greenbriar Road. Turn left onto Longleaf Pine Parkway, then turn right into the RiverTown Welcome Center. Continue straight, and RiverTown Ravines will be on your left. Turn left onto Ravines, and the house will be on your right.
Public Remarks: Stunning & thoughtfully designed, this custom home brings style and sophistication to everyday living. Nestled in one of Northeast Florida's most desirable communities, RiverTown perfectly captures the essence of Sunshine State living. This home showcases premium upgrades and carefully curated details throughout. An extended driveway with refined lighting creates a grand first impression, setting the tone for the beauty that awaits inside. A beautifully crafted wood ceiling in the foyer adds charm, and architectural character from the moment you enter. At the heart of the home, enjoy a chef's kitchen featuring upgraded cabinetry and an impressive custom pantry designed for both function and style. An elegant wine storage display a refined touch, perfect for those who love to entertain. A hidden office, seamlessly integrated into the design, offers a private and functional workspace--ideal for today's lifestyle. This is more than a Home-it's a place to truly enjoy and call your own!!
List Price/SqFt: 287.07
Sold Price/SqFt: 263.5

Property Features

Levels: Two Rental Restrictions: Other Appliances: Dishwasher; Disposal; Dryer; Gas Oven; Gas Range; Microwave; Refrigerator; Washer; Water Softener Owned Interior Features: Kitchen Island; Walk-In Closet(s) Utilities: Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Other Structures: Outdoor Kitchen Exterior Features: Outdoor Kitchen Patio And Porch Features: Covered; Patio Roof: Shingle Parking Features: Garage; Garage Door Opener Waterfront Features: Pond Fencing: Fenced Current Use: Residential Association Amenities: Basketball Court; Clubhouse; Community Pool; Dog Park; Fitness Center; Jogging Path; Park; Playground; Tennis Court(s) 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: 2026-04-24

Location Tax and Legal

Street Number: 118
Street Name: RIDGEHILL WAY
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Rivertown Ravines

Status Change Information

Major Change Timestamp: 2026-07-17T01:18:29Z
Major Change Type: Status Change
Purchase Contract Date: 2026-06-01
Close Date: 2026-07-15
Close Price: 805000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: LOKATION

Last Updated: July - 17 - 2026

Information deemed reliable but not guaranteed.