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.

177 MERCHANT Avenue, St. Johns, FL 32259 (MLS# 2118182)

177 MERCHANT Avenue, St. Johns, FL 32259

$657,524

Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 2,424 Status: Pending

Current Price: $657,524 List Date: 11/16/2025 Last Modified: 10/01/2026

Overview

Description

Lot 132 - Discover the Dominica floorplan with a charming Craftsman Elevation, thoughtfully designed for comfort, style, and versatility. Perfect for active adults, this home features open gathering spaces and private retreats, including a Study in lieu of a Flex Room, ideal for a home office or reading nook. The Chef Kitchen, paired with a Morning Kitchen, makes meal prep and entertaining effortless, with a spacious island overlooking the Great Room and dining area for seamless connection. The open-concept layout extends to the lanai, filling the home with natural light, while the primary suite at the rear offers privacy and relaxation. WATERSONG, an exclusive gated 55+ neighborhood within RiverTown, connects residents to parks, lakes, preserves, and miles of scenic trails along the St. Johns River. Resort-style amenities and social events provide endless ways to stay active, meet friends, and enjoy each day.

Listing Details MLS# 2118182

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2424
Living Area Source: Plans
Year Built: 2025
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: Yes
Association Fee: 183
Association Fee Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 3274
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2026-05-16
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: Yes
Direction Faces: Northwest
Directions: From I-95, Exit 329 for CR 210 toward Green Cove Springs, West onto CR 210, continue straight onto Greenbriar Rd, turn left on Longleaf Pine Pkwy. Turn right on Keystone Corners Blvd. Turn left on Mistflower Drive. Turn left on Pelton Place, then left on Hedgerow Street - Sales Center parking will be immediately on your right.
Public Remarks: Lot 132 - Discover the Dominica floorplan with a charming Craftsman Elevation, thoughtfully designed for comfort, style, and versatility. Perfect for active adults, this home features open gathering spaces and private retreats, including a Study in lieu of a Flex Room, ideal for a home office or reading nook. The Chef Kitchen, paired with a Morning Kitchen, makes meal prep and entertaining effortless, with a spacious island overlooking the Great Room and dining area for seamless connection. The open-concept layout extends to the lanai, filling the home with natural light, while the primary suite at the rear offers privacy and relaxation. WATERSONG, an exclusive gated 55+ neighborhood within RiverTown, connects residents to parks, lakes, preserves, and miles of scenic trails along the St. Johns River. Resort-style amenities and social events provide endless ways to stay active, meet friends, and enjoy each day.
List Price/SqFt: 271.26

Property Features

Levels: One Property Condition: Under Construction Appliances: Dishwasher; Double Oven; Dryer; Gas Cooktop; Microwave; Washer Interior Features: Breakfast Bar; Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Smart Thermostat; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Smart Home Features: Carbon Monoxide Detector; Programmable Thermostat; Smoke Detector Security Features: Security Gate; Smoke Detector(s) Construction Materials: Fiber Cement; Frame Patio And Porch Features: Covered; Patio Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Sprinklers In Front; Sprinklers In Rear View: Protected Preserve; Trees/Woods Current Use: Residential Association Amenities: Basketball Court; Clubhouse; Community Pool; Dog Park; Fitness Center; Jogging Path; Park; Pickleball; Playground; Spa/Hot Tub; Tennis Court(s) Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan; Other

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-11-16

Location Tax and Legal

Street Number: 177
Street Name: MERCHANT
Street Suffix: Avenue
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Watersong At Rivertown

Status Change Information

Major Change Timestamp: 2026-01-11T15:03:24Z
Major Change Type: Status Change
Purchase Contract Date: 2026-01-10

DPR Eligible

DPR Eligible: No

More Information

Listing Office: MATTAMY REAL ESTATE SERVICES

Last Updated: October - 01 - 2026

Information deemed reliable but not guaranteed.