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.

169 OLD COTTAGE DR, St. Johns, FL 32259 (MLS# 1073114)

169 OLD COTTAGE DR, St. Johns, FL 32259

$341,073

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,380 Status: Closed

Current Price: $341,073 List Date: 9/14/2020 Last Modified: 1/16/2026

Overview

Description

New build - 4 Bedroom, 3 Bathroom, 2 story home w/ private preserve views.

Listing Details MLS# 1073114

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2380
Living Area Source: Plans
Year Built: 2020
Association YN: Yes
Association Fee: 650
Association Fee Frequency: Annually
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: From Greenbriar Rd, turn right onto Rubicon Dr, then left onto Flach Dr, then left onto Old Cottage Dr, home is on the left.
Public Remarks: New build - 4 Bedroom, 3 Bathroom, 2 story home w/ private preserve views.
List Price/SqFt: 143.31
Sold Price/SqFt: 143.31

Property Features

Approx Parcel Size: .25 to .5 Acre Appliances: Gas Range; Microwave; Refrigerator Interior Features: Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Pool Features: None Parking Features: Attached; Garage View: Protected Preserve Current Use: Residential Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2020-09-14

Location Tax and Legal

Street Number: 169
Street Name: OLD COTTAGE DR
County: Duval
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Lakes At Mill Creek

Status Change Information

Major Change Timestamp: 2020-09-14T14:40:13Z
Major Change Type: Status Change
Price Change Timestamp: 2020-09-14T14:37:17Z
Purchase Contract Date: 2020-09-14
Close Date: 2020-09-14
Close Price: 341073

Historical Information

Public Historical Remarks 1: Kitchen-Solid Surface Countertops: Y

More Information

Room Information

Room Name
Loft

Listing Office: NON MLS (realMLS)

Last Updated: January - 16 - 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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