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.

1256 MATENGO Circle, St. Johns, FL 32259 (MLS# 2133177)

1256 MATENGO Circle, St. Johns, FL 32259

$460,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 3,140 Lot Size (sq. ft.): 11,326 Status: Closed

Current Price: $460,000 List Date: 3/18/2026 Last Modified: 4/24/2026

Overview

Description

**INVESTORS--PROPERTY IN NEED OF MAJOR REPAIRS**Property is being sold ''as-is'' with right to inspect. It is the buyers and buyer's agent responsibility to verify all room measurements, utilities info, lot size, schools zoning, building addition permits, building materials, along with all property information in this listing. All room measurements and dimensions are estimates.

Listing Details MLS# 2133177

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 3140
Living Area Source: Public Records
Year Built: 2007
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.26
Association YN: Yes
Association Fee: 254
Association Fee Frequency: Monthly
Association Name: Freedom Community Management
CDD Fee YN: No
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: No
Stories: Yes
Senior Community YN: No
Directions: South on I-95, exit to SR 210, right into St. Johns Forest, right on Matengo Circle to 1256.
Public Remarks: **INVESTORS--PROPERTY IN NEED OF MAJOR REPAIRS**Property is being sold ''as-is'' with right to inspect. It is the buyers and buyer's agent responsibility to verify all room measurements, utilities info, lot size, schools zoning, building addition permits, building materials, along with all property information in this listing. All room measurements and dimensions are estimates.
List Price/SqFt: 132.17
Sold Price/SqFt: 146.5

Property Features

Architectural Style: Traditional Levels: One Property Condition: Fixer Appliances: Other Utilities: Other Cooling: Central Air; Other Heating: Central; Other Water Source: Public Sewer: Public Sewer Parking Features: Garage Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash Showing Requirements: Other

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-03-04

Location Tax and Legal

Street Number: 1256
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: 2026-04-24T01:23:43Z
Major Change Type: Status Change
Purchase Contract Date: 2026-03-24
Close Date: 2026-04-23
Close Price: 460000

DPR Eligible

DPR Eligible: No

More Information

Documents

CDD ›

HOA ›

Listing Office: SEFAIR INVESTMENTS, INC.

Last Updated: April - 24 - 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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