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.

157 MAHOGANY BAY Drive, St. Johns, FL 32259 (MLS# 821391)

157 MAHOGANY BAY Drive, St. Johns, FL 32259

$239,000

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,861 Status: Closed

Current Price: $239,000 List Date: 4/04/2016 Last Modified: 12/30/2025

Overview

Description

2 yrs. young 4 Bdrm, 2 Ba home in Aberdeen with a split bdrm very open floor plan that has a lrg dining area that flows to a spacious Gathering Rm. Lovely Kitchen offers breakfast bar & nook, beautiful granite c’tops & SS appls that stay! Easy care tile floors in living areas & Kitchen; soft carpet underfoot in bdrms. Master Ste boasts tray ceiling, 2 walk-in closets & garden tub/sep. shower. Cute as can be stacked stone/stucco ext. w/charming covered porch in front, & a covered patio in back that offers a pond view. Black aluminum fencing on both side & back yards provides safe green space for kids & pets to play. Awesome resort style amenities incl’g 2 pools, clubhouse, basketball crts & playground, plus top rated schools are enjoyed by residents of this popular St. Johns Cty communi

Supplements: communi

Listing Details MLS# 821391

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1861
Living Area Source: Public Records
Year Built: 2014
Homestead YN: Yes
Association YN: Yes
Association Fee: 54
Association Fee Frequency: Annually
Association Name: Aberdeen Owners Asso
Association Phone: 904-592-4090
CDD Fee YN: Yes
CDD Fee Amount: 2167.4
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: South on SR13 - Left on Racetrack Rd - Right on Veterans Pkwy - Right on Longleaf Pine - Right on Mahogany Bay Dr.
Public Remarks: 2 yrs. young 4 Bdrm, 2 Ba home in Aberdeen with a split bdrm very open floor plan that has a lrg dining area that flows to a spacious Gathering Rm. Lovely Kitchen offers breakfast bar & nook, beautiful granite c’tops & SS appls that stay! Easy care tile floors in living areas & Kitchen; soft carpet underfoot in bdrms. Master Ste boasts tray ceiling, 2 walk-in closets & garden tub/sep. shower. Cute as can be stacked stone/stucco ext. w/charming covered porch in front, & a covered patio in back that offers a pond view. Black aluminum fencing on both side & back yards provides safe green space for kids & pets to play. Awesome resort style amenities incl’g 2 pools, clubhouse, basketball crts & playground, plus top rated schools are enjoyed by residents of this popular St. Johns Cty communi
List Price/SqFt: 130.04
Sold Price/SqFt: 128.43

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Contemporary Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Ice Maker; Microwave Interior Features: Breakfast Bar; Breakfast Nook; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Cable Connected Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Fiber Cement; Stucco; Other Patio And Porch Features: Covered; Front Porch; Patio; Porch; Screened Pool Features: None Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Corner Lot; Sprinklers In Front; Sprinklers In Rear View: Water Fencing: Back Yard Current Use: Residential; Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Fitness Center; Jogging Path; Playground Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2016-04-04

Location Tax and Legal

Street Number: 157
Street Name: MAHOGANY BAY
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Aberdeen

Status Change Information

Major Change Timestamp: 2016-06-03T20:52:06Z
Major Change Type: Status Change
Purchase Contract Date: 2016-04-26
Close Date: 2016-06-03
Close Price: 239000

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Mandatory Fees: Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Structure Builder: DR HORTON, Aluminum Fencing: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Covenants/Restrictions: Y, Energy Features-Ceiling Fan(s): Y, Dining-Living/Dining Combo: 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: Occupant Type: Appointment, Back-Ups Accepted, Call Listing Office, Occupied - Lockbox, Advance Notice, Pets

More Information

Room Information

Room Name
Great Room
Utility Room

Listing Office: WATSON REALTY CORP

Last Updated: December - 30 - 2025

Information deemed reliable but not guaranteed.