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.

1273 RIBBON Road, St. Johns, FL 32259 (MLS# 2031329)

1273 RIBBON Road, St. Johns, FL 32259

$575,000

Golf course/community Basketball & Volleyball court

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,632 Lot Size (sq. ft.): 10,019 Status: Closed

Current Price: $575,000 List Date: 6/13/2024 Last Modified: 1/12/2026

Overview

Description

Pride of ownership shines throughout this immaculate home in the gated Julington Creek Plantation. With 4 bedrooms, 2 flex spaces, and 2 baths, there's ample space for everyone in the thoughtfully designed 2-way split floor plan. Upon entry, a versatile flex room on the left is perfect for a playroom, office, or study. The formal dining room, eat-in kitchen, and breakfast bar provide plenty of space for gatherings. Nestled on a peaceful cul-de-sac with serene preserve views, privacy and tranquility are yours to enjoy. The crown jewel is the serene backyard with an oversized screened-in saltwater pool. Inside, plantation shutters adorn every room highlighting the beautiful wood-look tile. Plush carpet in the bedrooms was updated 2021 & the interior was repainted in 2020. The spacious kitchen has brand-new Whirlpool appliances, including a fridge, stove, and dishwasher. With a new roof (2020) and refreshed stucco and exterior paint (2021) this home offers peace of mind for years to come

Listing Details MLS# 2031329

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2301
Living Area Source: Public Records
Building Area Total: 2632
Year Built: 2003
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.23
Association YN: Yes
Association Fee: 490
Association Fee Frequency: Annually
Association Fee 2: 494
Association Fee 2 Frequency: Quarterly
Association Name: Julington Creek Plantation/Plantation Estates
CDD Fee YN: Yes
CDD Fee Amount: 1016.84
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: Yes
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Entry Level: Yes
Senior Community YN: No
Direction Faces: North
Directions: From Racetrack Rd. go North on Flora Branch. Go through gate. Make first left on Summerdown Way. Turn Right on Ribbon Rd. Home down on the left.
Public Remarks: Pride of ownership shines throughout this immaculate home in the gated Julington Creek Plantation. With 4 bedrooms, 2 flex spaces, and 2 baths, there's ample space for everyone in the thoughtfully designed 2-way split floor plan. Upon entry, a versatile flex room on the left is perfect for a playroom, office, or study. The formal dining room, eat-in kitchen, and breakfast bar provide plenty of space for gatherings. Nestled on a peaceful cul-de-sac with serene preserve views, privacy and tranquility are yours to enjoy. The crown jewel is the serene backyard with an oversized screened-in saltwater pool. Inside, plantation shutters adorn every room highlighting the beautiful wood-look tile. Plush carpet in the bedrooms was updated 2021 & the interior was repainted in 2020. The spacious kitchen has brand-new Whirlpool appliances, including a fridge, stove, and dishwasher. With a new roof (2020) and refreshed stucco and exterior paint (2021) this home offers peace of mind for years to come
List Price/SqFt: 249.89
Sold Price/SqFt: 249.89

Property Features

Architectural Style: Ranch; Traditional Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Disposal; Electric Cooktop; Electric Oven; Refrigerator; Water Softener Owned Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Pantry; Primary Bathroom -Tub with Separate Shower; Smart Thermostat Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Smart Home Features: Programmable Thermostat Security Features: Gated with Guard; Security Gate; Other Construction Materials: Stucco Patio And Porch Features: Covered; Front Porch; Patio; Screened Pool Features: In Ground; Fenced; Pool Sweep; Salt Water; Screen Enclosure; Waterfall Spa Features: In Ground; Private Roof: Shingle Parking Features: Attached; Garage Door Opener Lot Features: Cul-De-Sac; Sprinklers In Front; Wooded View: Protected Preserve Fencing: Back Yard; Wood; Wrought Iron Current Use: Residential Association Amenities: Basketball Court; Children's Pool; Clubhouse; Fitness Center; Playground; Tennis Court(s) Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2024-06-13

Location Tax and Legal

Street Number: 1273
Street Name: RIBBON
Street Suffix: Road
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Julington Creek Plan

Status Change Information

Major Change Timestamp: 2024-07-29T15:29:37Z
Major Change Type: Status Change
Purchase Contract Date: 2024-06-15
Close Date: 2024-07-26
Close Price: 575000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Documents

Home Features & Upgrades ›

Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

Last Updated: January - 12 - 2026

Information deemed reliable but not guaranteed.