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.

1288 MATENGO Circle, Jacksonville, FL 32259 (MLS# 1092295)

1288 MATENGO Circle, Jacksonville, FL 32259

$475,000

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 3,376 Status: Closed

Current Price: $475,000 List Date: 1/28/2021 Last Modified: 10/13/2025

Overview

Description

Incredible opportunity to own a move-in ready home in St Johns Forest! Located on a quiet road, in a gated community, and close to 9B/ I-95, this property features an extra large driveway and a spacious home. This 5 bedroom & 3.5 bathroom home includes split bedrooms, allowing privacy in the large downstairs master suite, which includes a walk-in closet, separate double sinks, garden tub, & walk-in shower. The kitchen features granite counter tops, a large island, eat-in breakfast area, & pantry. Enjoy entertaining in your living room, study in a separate office, or host in the separate dining room! Relax in the hot tub as you enjoy the preserve view from the screened in patio. There are so many spaces to flow to in this home, which includes an additional flex space upstairs!

Listing Details MLS# 1092295

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 3376
Living Area Source: Public Records
Year Built: 2012
Association YN: Yes
Association Fee: 624.8
Association Fee Frequency: Quarterly
Association Name: First Coast Manag
CDD Fee YN: Yes
CDD Fee Amount: 384.77
New Construction YN: No
Garage Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From I-95, take exit 329 for CR-210. Travel west on CR-210 & turn right on St. Johns Forest Blvd. Stay left at the guard gate to gain entry. Continue on and turn right onto Matengo Cir. Home on right.
Public Remarks: Incredible opportunity to own a move-in ready home in St Johns Forest! Located on a quiet road, in a gated community, and close to 9B/ I-95, this property features an extra large driveway and a spacious home. This 5 bedroom & 3.5 bathroom home includes split bedrooms, allowing privacy in the large downstairs master suite, which includes a walk-in closet, separate double sinks, garden tub, & walk-in shower. The kitchen features granite counter tops, a large island, eat-in breakfast area, & pantry. Enjoy entertaining in your living room, study in a separate office, or host in the separate dining room! Relax in the hot tub as you enjoy the preserve view from the screened in patio. There are so many spaces to flow to in this home, which includes an additional flex space upstairs!
List Price/SqFt: 140.7
Sold Price/SqFt: 140.7

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Appliances: Dishwasher; Disposal; Dryer; Gas Range; Gas Water Heater; Ice Maker; Microwave; Refrigerator; Washer; Water Softener Owned; Wine Cooler Interior Features: Breakfast Bar; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Connected; Natural Gas Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Security System Owned; Smoke Detector(s) Construction Materials: Concrete; Frame; Stucco Patio And Porch Features: Patio; Porch; Screened Spa Features: Private Roof: Shingle Parking Features: Attached; Garage View: Protected Preserve Fencing: Fenced; Full Current Use: Single Family Association Amenities: Basketball Court; Clubhouse; Fitness Center; Jogging Path; Laundry; Playground; Security; Tennis Court(s) Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2021-01-27

Location Tax and Legal

Street Number: 1288
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: 2021-03-04T00:23:48Z
Major Change Type: Status Change
Purchase Contract Date: 2021-01-27
Close Date: 2021-03-03
Close Price: 475000

Historical Information

Public Historical Remarks 1: Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Parking Facilities-Keypad Entry: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Soccer Field(s): Y, Bath-Garden Bath: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y
Public Historical Remarks 3: Intermediate School: Other

More Information

Room Information

Room Name
Living Room
Family Room
Office
Utility Room

Listing Office: SVR REALTY LLC

Last Updated: October - 13 - 2025

Information deemed reliable but not guaranteed.