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.

1205 MATENGO Circle, St. Johns, FL 32259 (MLS# 2165937)

1205 MATENGO Circle, St. Johns, FL 32259

$3,870

Property Type: Residential Lease Bedrooms: 5 Baths: 4 Square Footage: 3,201 Status: Active

Current Price: $3,870 List Date: 9/22/2026 Last Modified: 10/30/2026

Overview

Description

POOL HOME! This is a 5 bedroom, 3.5 bathroom, 2 car attached garage single family pool home located in the St. Johns Forest community. This home offers beautiful touches, including a living area with soaring ceilings, recessed bookshelves and lots of natural light, an upgraded kitchen with a food prep island and lots of counter space, and more! Relax and enjoy the screened lanai and pool that looks out over a lake! Please note that all yard and pool care are the tenant's responsibility. Garage inside total can park 3 cars, but one of them has to be in front of another one. Owner requires applicants to have 700 or higher credit score. Tenant to apply and pay HOA registration fee before lease start date.

Listing Details MLS# 2165937

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 3201
Living Area Source: Public Records
Year Built: 2006
Association YN: Yes
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: 2
Stories Total: 2
Entry Level: Yes
Senior Community YN: No
Directions: From I-95S, exit CR-210, turn right. Turn right into St Johns Forest Blvd. Right onto Matengo Cir. Home is on the left.
Public Remarks: POOL HOME! This is a 5 bedroom, 3.5 bathroom, 2 car attached garage single family pool home located in the St. Johns Forest community. This home offers beautiful touches, including a living area with soaring ceilings, recessed bookshelves and lots of natural light, an upgraded kitchen with a food prep island and lots of counter space, and more! Relax and enjoy the screened lanai and pool that looks out over a lake! Please note that all yard and pool care are the tenant's responsibility. Garage inside total can park 3 cars, but one of them has to be in front of another one. Owner requires applicants to have 700 or higher credit score. Tenant to apply and pay HOA registration fee before lease start date.
List Price/SqFt: 1.21

Property Features

Appliances: Refrigerator Interior Features: Built-in Features; Pantry; Primary Bathroom -Tub with Separate Shower; Vaulted Ceiling(s) Patio And Porch Features: Screened Association Amenities: Clubhouse Water Source: Public Parking Features: Garage; Other View: Water Waterfront Features: Pond Utilities: Other Cooling: Central Air Heating: Central Road Surface Type: Asphalt Tenant Pays: All Utilities; Grounds Care; Pool Maintenance

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2026-09-22
Lease Term: 12 Months
Availability Date: 2026-09-30

Location Tax and Legal

Street Number: 1205
Street Name: MATENGO
Street Suffix: Circle
State: FL
County: St. Johns
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: St Johns Forest

Status Change Information

Major Change Timestamp: 2026-10-30T14:22:11Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-30T14:22:11Z

Deposits and Fees

Application Fee: 75
Security Deposit: 3870

More Information

Documents

offer to lease ›

agent instructions ›

income requirement guidelines ›

Listing Office: REBATERENTALS.COM REALTY INC

Last Updated: October - 30 - 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.

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