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 PINETA Way, St. Johns, FL 32259 (MLS# 751091)

121 PINETA Way, St. Johns, FL 32259

$595,000

Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 4,076 Status: Closed

Current Price: $595,000 List Date: 1/02/2015 Last Modified: 12/30/2025

Overview

Description

Enter this exquisite home and wow the most gorgeous upgraded hardwood floors. To the left is a stunning formal living and gorgeous dining room. Just beyond the main family room and gourmet kitchen with whirlpool gold series appliances, a viking gas stove and a copper farmhouse sink. Only one bedroom and full bath upstairs. The most intricate coffered ceiling in the main family room. 7 in basebrds, smooth finish ceilings throughout entire home, petrified wood sink in guest 1/2 bath, copper sinks in the mstr bathroom, hammered stainless steel sinks, everything is upgraded. Office plus 6 bedrooms. See the supplemental list of upgrades. 20k summer kitchen. Largest lot in DC. Insane, Beautiful, Gorgeous, Stunning, is not enough to describe this home. 75k additional expenses over purchase price.

Supplements: price.

Listing Details MLS# 751091

General Property Information

Bedrooms Total: 6
Bathrooms Full: 4
Bathrooms Half: Yes
Bathrooms Total: 5
Living Area: 4076
Living Area Source: Public Records
Year Built: 2013
Association YN: Yes
Association Fee: 60
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 3300
New Construction YN: No
Garage Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: Head south on San Jose, turn left on Race Track Rd, Right on Veterans Pkwy, Left on N. Durbin Pkwy, Left on Wellwood Ave, Right on Telford Drive, Left on Pineta Way
Public Remarks: Enter this exquisite home and wow the most gorgeous upgraded hardwood floors. To the left is a stunning formal living and gorgeous dining room. Just beyond the main family room and gourmet kitchen with whirlpool gold series appliances, a viking gas stove and a copper farmhouse sink. Only one bedroom and full bath upstairs. The most intricate coffered ceiling in the main family room. 7 in basebrds, smooth finish ceilings throughout entire home, petrified wood sink in guest 1/2 bath, copper sinks in the mstr bathroom, hammered stainless steel sinks, everything is upgraded. Office plus 6 bedrooms. See the supplemental list of upgrades. 20k summer kitchen. Largest lot in DC. Insane, Beautiful, Gorgeous, Stunning, is not enough to describe this home. 75k additional expenses over purchase price.
List Price/SqFt: 153.31
Sold Price/SqFt: 145.98

Property Features

Approx Parcel Size: .25 to .5 Acre Appliances: Gas Range; Refrigerator Fireplace Features: Gas Interior Features: Breakfast Bar; Kitchen Island; Primary Downstairs; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Tile; Wood Cooling: Central Air Heating: Central Water Source: Public Green Energy Efficient: Appliances Construction Materials: Stucco Other Structures: Outdoor Kitchen Patio And Porch Features: Covered; Patio Pool Features: None Roof: Shingle Waterfront Features: Pond Current Use: Residential Association Amenities: Clubhouse; Community Pool Possession: Negotiable Listing Terms: Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2015-01-02

Location Tax and Legal

Street Number: 121
Street Name: PINETA
Street Suffix: Way
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Durbin Crossing

Status Change Information

Major Change Timestamp: 2023-11-13T19:35:26Z
Major Change Type: Price Reduced
Price Change Timestamp: 2015-01-07T15:52:42Z
Purchase Contract Date: 2015-01-30
Close Date: 2015-02-09
Close Price: 595000

Historical Information

Public Historical Remarks 1: Stone Fireplace: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Interior Amenities-French Door(s): Y
Public Historical Remarks 3: Occupant Type: Occupied, See ShowingAssist

More Information

Listing Office: MAGNOLIA PROPERTIES

Last Updated: December - 30 - 2025

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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