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.

121 LAKE CUNNINGHAM Avenue, St. Johns, FL 32259 (MLS# 1053191)

121 LAKE CUNNINGHAM Avenue, St. Johns, FL 32259

$299,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,140 Status: Closed

Current Price: $299,000 List Date: 5/13/2020 Last Modified: 1/18/2026

Overview

Description

This beautiful brick front home has been lovingly maintained and enhanced for your enjoyment. It is in move-in condition and available now! Don't miss this opportunity! It offers a split bedroom arrangement, high ceilings, large screened porch overlooking the shaded backyard & pond. There's plenty of yard for a pool also. Roof new 2017; AC new 2019; New windows 2017 & 2019; renewed Termite Bond; Contract accepted as of 5/21/20. Exterior pressure washed & painted May 2020; two concrete patios; sprinkler system. Exclude: refrigerator, washer, dryer, 3 bar stools. Community pool, playground & soccer lot. Make appointment thru showing assist. Showiing agents should bring their own protective gear. COVID19 showing guidelines under MLS docs.

Listing Details MLS# 1053191

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2140
Living Area Source: Public Records
Year Built: 2000
Lot Size Dimensions: 65' x 216'
Association YN: Yes
Association Fee: 288
Association Fee Frequency: Annually
Association Fee 2: 195
Association Name: Signature Realty
Association Phone: 904-268-0035
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Unfurnished
Stories: Yes
Directions: South on SR 13 from bridge, Left at Roberts Rd, Left into Cunningham Creek Plantation on Tiger Creek Parkway, Left on N. Lake Cunningham Ave. to home on the left side.
Public Remarks: This beautiful brick front home has been lovingly maintained and enhanced for your enjoyment. It is in move-in condition and available now! Don't miss this opportunity! It offers a split bedroom arrangement, high ceilings, large screened porch overlooking the shaded backyard & pond. There's plenty of yard for a pool also. Roof new 2017; AC new 2019; New windows 2017 & 2019; renewed Termite Bond; Contract accepted as of 5/21/20. Exterior pressure washed & painted May 2020; two concrete patios; sprinkler system. Exclude: refrigerator, washer, dryer, 3 bar stools. Community pool, playground & soccer lot. Make appointment thru showing assist. Showiing agents should bring their own protective gear. COVID19 showing guidelines under MLS docs.
List Price/SqFt: 139.72
Sold Price/SqFt: 139.72

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Contemporary; Flat; Traditional Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Microwave Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Built-in Features; Entrance Foyer; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Laminate; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Connected Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Green Energy Efficient: Windows Security Features: Smoke Detector(s) Construction Materials: Brick; Fiber Cement; Frame Patio And Porch Features: Patio; Porch; Screened Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Sprinklers In Front; Sprinklers In Rear Waterfront Features: Pond Fencing: Back Yard; Fenced; Wood Current Use: Residential Association Amenities: Community Pool; Playground Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2020-05-13

Location Tax and Legal

Street Number: 121
Street Name: LAKE CUNNINGHAM
Street Suffix: Avenue
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Cunningham Creek

Status Change Information

Major Change Timestamp: 2020-07-01T17:36:35Z
Major Change Type: Status Change
Purchase Contract Date: 2020-06-06
Close Date: 2020-06-30
Close Price: 299000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Mandatory Fees: Y, Interior Amenities-Window Treatment(s): Y, Marble Fireplace: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Covenants/Restrictions: Y, Energy Features-Ceiling Fan(s): Y, Soccer Field(s): Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-French Door(s): Y, Fireplace-Family Room: Y, Fireplace Mantle: Y, Structure Slab: Y

Room Information

Room Name	Length	Width	Remarks
Utility Room
Living Room	12.00	12.00	Entry Foyer
Family Room	2.70	16.70
Primary Bedroom	16.00	12.00
Bedroom 1	14.00	11.70
Bedroom 2	11.70	11.80
Other	20.40	16.00	Screened Porch
Kitchen	16.00	12.10
Dining Room	11.80	10.10	Separate Dining Room

Listing Office: WATSON REALTY CORP

Last Updated: January - 18 - 2026

Information deemed reliable but not guaranteed.