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.

1240 MATENGO Circle, St. Johns, FL 32259 (MLS# 760656)

1240 MATENGO Circle, St. Johns, FL 32259

$412,500

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 3,377 Status: Closed

Current Price: $412,500 List Date: 3/05/2015 Last Modified: 5/01/2026

Overview

Description

EXQUISITE 5 Bedroom + Office, 4 full bath home in the exclusive GATED neighborhood of St. Johns Forest! 6th bedroom being used as office! This home has a great OPEN floor plan with tall ceilings, granite, stainless steel appliances, 42in cabinets, under cabinet lighting, backsplash, crown molding and upstairs bonus room with guest retreat. The HUGE screened lanai overlooks beautiful conservation! Exterior recently painted in 2013! Community boasts resort pool, tennis, playground and exercise room! This home shows like a Model.

Listing Details MLS# 760656

General Property Information

Bedrooms Total: 5
Bathrooms Full: 4
Bathrooms Total: 4
Living Area: 3377
Living Area Source: Public Records
Year Built: 2009
Lot Size Dimensions: 50x180x70x143
Association YN: Yes
Association Fee: 575
Association Fee Frequency: Quarterly
Association Name: St. Johns Forest
CDD Fee YN: Yes
CDD Fee Amount: 1200
New Construction YN: No
Garage Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: Gated Community. St, Johns Forest Blvd, right on Matengo, house on the right
Public Remarks: EXQUISITE 5 Bedroom + Office, 4 full bath home in the exclusive GATED neighborhood of St. Johns Forest! 6th bedroom being used as office! This home has a great OPEN floor plan with tall ceilings, granite, stainless steel appliances, 42in cabinets, under cabinet lighting, backsplash, crown molding and upstairs bonus room with guest retreat. The HUGE screened lanai overlooks beautiful conservation! Exterior recently painted in 2013! Community boasts resort pool, tennis, playground and exercise room! This home shows like a Model.
List Price/SqFt: 126.74
Sold Price/SqFt: 122.15

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Accessibility Features: Accessible Common Area Appliances: Dishwasher; Disposal; Dryer; Electric Range; Gas Water Heater; Ice Maker; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Eat-in Kitchen; Entrance Foyer; In-Law Floorplan; Kitchen Island; Pantry; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Tile Utilities: Cable Connected; Natural Gas Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Green Energy Efficient: Appliances Green Water Conservation: Green Infrastructure Security Features: Security System Owned; Smoke Detector(s) Construction Materials: Frame; Stucco Patio And Porch Features: Front Porch; Patio Pool Features: None Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Sprinklers In Front; Sprinklers In Rear; Wooded View: Protected Preserve Current Use: Residential; Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Fitness Center; Playground; Security; Tennis Court(s); Trash Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; Private Financing Available; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2015-03-04

Location Tax and Legal

Street Number: 1240
Street Name: MATENGO
Street Suffix: Circle
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: St Johns Forest

Status Change Information

Major Change Timestamp: 2023-11-13T20:14:35Z
Major Change Type: Price Reduced
Price Change Timestamp: 2015-03-26T21:00:41Z
Purchase Contract Date: 2015-05-11
Close Date: 2015-06-17
Close Price: 412500

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Storage Room: Y, Mandatory Fees: Y, Dining-Kitchen/Family Combo: Y, Football Field(s): Y, Interior Amenities-Window Treatment(s): Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Energy Features-Exhaust Fans: Y, Energy Features-Ceiling Fan(s): Y, Soccer Field(s): Y, Bath-Garden Bath: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-French Door(s): Y
Public Historical Remarks 3: Occupant Type: Pets, Call Seller Direct, Listing Agent Must Accompany, Occupied - Lockbox, Advance Notice

More Information

Room Information

Room Name
Living Room
Great Room
Office
Utility Room

Listing Office: LOKATION

Last Updated: May - 01 - 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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