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.

1416 LEMONWOOD Road, St. Johns, FL 32259 (MLS# 2068902)

1416 LEMONWOOD Road, St. Johns, FL 32259

$295,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,030 Lot Size (sq. ft.): 4,792 Status: Closed

Current Price: $295,000 List Date: 3/06/2026 Last Modified: 6/23/2026

Overview

Description

LOT HAS BEEN CLEARED AND CONSTRUCTION READY TO START! Multiple floor plan to choose from starting at $300,000. The neighborhood has no HOA or CDD fees. There's still time to select your preferred interior design finishes such as flooring and paint colors, ensuring every detail reflects your unique taste. Reach out today for more information!

Listing Details MLS# 2068902

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1030
Living Area Source: Builder
Year Built: 2025
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.11
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2025-08-01
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: From San Jose Blvd. head south until FL- 13 S. Continue for 1 mile. Turn right onto Lemonwood Dr.
Public Remarks: LOT HAS BEEN CLEARED AND CONSTRUCTION READY TO START! Multiple floor plan to choose from starting at $300,000. The neighborhood has no HOA or CDD fees. There's still time to select your preferred interior design finishes such as flooring and paint colors, ensuring every detail reflects your unique taste. Reach out today for more information!
List Price/SqFt: 291.26
Sold Price/SqFt: 286.41

Property Features

Architectural Style: Traditional Levels: One; Two Property Condition: To Be Built Appliances: Dishwasher; Electric Range; Microwave; Refrigerator Interior Features: Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Walk-In Closet(s) Flooring: Carpet; Tile; Vinyl Laundry Features: Gas Dryer Hookup; In Unit; Washer Hookup Utilities: Cable Available; Electricity Connected Cooling: Central Air Heating: Central Water Source: Private; Well Sewer: Septic Tank Construction Materials: Fiber Cement; Frame Patio And Porch Features: Front Porch; Patio; Screened; Wrap Around Roof: Shingle Parking Features: Attached Lot Features: Sprinklers In Front; Sprinklers In Rear Fencing: Full Current Use: Residential; Single Family Road Frontage Type: City Street Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Showing Requirements: Other

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-02-06

Location Tax and Legal

Street Number: 1416
Street Name: LEMONWOOD
Street Suffix: Road
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Mandarin Meadows

Status Change Information

Major Change Timestamp: 2026-06-23T20:05:32Z
Major Change Type: Status Change
Price Change Timestamp: 2026-02-03T21:59:52Z
Purchase Contract Date: 2026-03-20
Close Date: 2026-04-30
Close Price: 295000

DPR Eligible

DPR Eligible: No

More Information

Documents

Floor Plan ›

Lemonwood Exterior Elevation ›

Flood Disclosure ›

Listing Office: HERRON REAL ESTATE LLC

Last Updated: June - 23 - 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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