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.

1261 RIBBON Road, St. Johns, FL 32259 (MLS# 851086)

1261 RIBBON Road, St. Johns, FL 32259

$225,000

1261 Ribbon Rd Jacksonville FL-MLS_Size-

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,850 Status: Closed

Current Price: $225,000 List Date: 10/13/2016 Last Modified: 2/25/2026

Overview

Description

Beautiful, Well Maintained, Near Magnet School, Gated community, and Location are the main highlights of this Move-in-property in most desirable Julington Creek Plantation neighborhood. Split bedroom plan, spacious Master Bedroom with 2 walk in closets. Large backyard has room for swimming pool. Separate Living and Dining room. Kitchen has eat in breakfast nook. Tile in wet areas, and inside laundry room. Easy to show.

Listing Details MLS# 851086

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1850
Living Area Source: Public Records
Year Built: 2003
Association YN: Yes
Association Fee: 280.6
Association Fee Frequency: Quarterly
Association Fee 2: 380
Association Phone: 904-880-8796
CDD Fee YN: Yes
CDD Fee Amount: 726.71
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From South on San Jose Blvd.(SR 13) make Left on Racetrack Rd. Left on Flora Park Blvd. Pass the guard gate and first left on Summerdown Rd, Right on Ribbon rd. House on the Left.
Public Remarks: Beautiful, Well Maintained, Near Magnet School, Gated community, and Location are the main highlights of this Move-in-property in most desirable Julington Creek Plantation neighborhood. Split bedroom plan, spacious Master Bedroom with 2 walk in closets. Large backyard has room for swimming pool. Separate Living and Dining room. Kitchen has eat in breakfast nook. Tile in wet areas, and inside laundry room. Easy to show.
List Price/SqFt: 125.95
Sold Price/SqFt: 121.62

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Appliances: Dishwasher; Electric Range; Electric Water Heater; Refrigerator Interior Features: Breakfast Bar; Eat-in Kitchen; Entrance Foyer; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Stucco Patio And Porch Features: Covered; Patio Pool Features: None Roof: Shingle Parking Features: Attached; Garage Lot Features: Sprinklers In Front; Sprinklers In Rear Current Use: Residential Association Amenities: Children's Pool; Clubhouse; Community Pool; Tennis Court(s) Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2016-10-13

Location Tax and Legal

Street Number: 1261
Street Name: RIBBON
Street Suffix: Road
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Plantation Estates W

Status Change Information

Major Change Timestamp: 2016-12-20T20:09:31Z
Major Change Type: Status Change
Purchase Contract Date: 2016-11-15
Close Date: 2016-12-16
Close Price: 225000

Historical Information

Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Covenants/Restrictions: Y, Energy Features-Ceiling Fan(s): Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y

More Information

Room Information

Room Name
Living Room
Family Room
Utility Room

Listing Office: WATSON REALTY CORP

Last Updated: February - 25 - 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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