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.

126 PALOMAR Drive, St. Johns, FL 32259 (MLS# 2011153)

126 PALOMAR Drive, St. Johns, FL 32259

$649,544

Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 2,870 Status: Closed

Current Price: $649,544 List Date: 2/27/2024 Last Modified: 2/12/2026

Overview

Description

Home built and sold by Mattamy Homes. Entry for record keeping only.

Listing Details MLS# 2011153

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2870
Living Area Source: Builder
Year Built: 2024
Association YN: Yes
Association Fee: 50
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 2707
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2024-02-22
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Senior Community YN: No
Directions: RIVERTOWN RAVINES (BLUFF PH1) (2028.26) 121/67-79 RIVERTOWN RAVINES PHASE 1 LOT 213
Public Remarks: Home built and sold by Mattamy Homes. Entry for record keeping only.
List Price/SqFt: 226.33
Sold Price/SqFt: 226.32

Property Features

Appliances: Convection Oven; Dishwasher; Disposal; Gas Cooktop; Gas Oven; Gas Range Utilities: Natural Gas Connected Cooling: Central Air Heating: Central Water Source: Public Parking Features: Garage Current Use: Residential; Single Family Association Amenities: Community Pool Possession: Close Of Escrow Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2024-01-01

Location Tax and Legal

Street Number: 126
Street Name: PALOMAR
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Rivertown Ravines

Status Change Information

Major Change Timestamp: 2024-02-27T21:29:50Z
Major Change Type: Status Change
Purchase Contract Date: 2024-01-02
Close Date: 2024-02-27
Close Price: 649544

DPR Eligible

DPR Eligible: No

More Information

Listing Office: UNITED REAL ESTATE GALLERY

Last Updated: February - 12 - 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.