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.

1571 LEMONWOOD Road, St. Johns, FL 32259 (MLS# 2096153)

1571 LEMONWOOD Road, St. Johns, FL 32259

$475,000

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 2,502 Lot Size (sq. ft.): 14,810 Status: Closed

Current Price: $475,000 List Date: 7/01/2025 Last Modified: 1/12/2026

Overview

Description

Just listed in St Johns County - 5 bedroom home on a large lot. SELLER PAYING 2% towards buyer's closing costs with approved offer (must be written in at time of offer). NO CDD and NO HOA - not only do you avoid the cost of CDD and HOA fees but you also can live without all the rules! Home does need some updates and TLC throughout. Schedule your showing today!

Listing Details MLS# 2096153

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 2502
Living Area Source: Public Records
Year Built: 1997
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.34
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
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 I295 go South on SR 13 past Racetrack Rd. Go right on Lemonwood. Home will be on the right hand side of the road.
Public Remarks: Just listed in St Johns County - 5 bedroom home on a large lot. SELLER PAYING 2% towards buyer's closing costs with approved offer (must be written in at time of offer). NO CDD and NO HOA - not only do you avoid the cost of CDD and HOA fees but you also can live without all the rules! Home does need some updates and TLC throughout. Schedule your showing today!
List Price/SqFt: 199.8
Sold Price/SqFt: 189.85

Property Features

Architectural Style: Contemporary; Traditional Levels: Two Appliances: Dishwasher; Electric Oven; Microwave Interior Features: Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Utilities: Electricity Connected Cooling: Central Air Heating: Central Water Source: Private; Well Sewer: Septic Tank Patio And Porch Features: Covered; Patio; Porch Parking Features: Attached; Garage Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-06-25

Location Tax and Legal

Street Number: 1571
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: 2026-01-12T19:23:25Z
Major Change Type: Status Change
Purchase Contract Date: 2025-09-24
Close Date: 2025-12-08
Close Price: 475000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Listing Office: RE/MAX SPECIALISTS

Last Updated: January - 12 - 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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