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.

178 EDISTO Place, St. Johns, FL 32259 (MLS# 2085901)

178 EDISTO Place, St. Johns, FL 32259

$635,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,504 Lot Size (sq. ft.): 11,326 Status: Closed

Current Price: $635,000 List Date: 5/05/2025 Last Modified: 7/22/2026

Overview

Description

River Retreat in Rivertown - sunset views over the St. Johns River from both your front and back porch. Tucked at the end of a cul-de-sac, this customized single-story home blends Southern charm with smart functionality. **Assumable Loan (Fellow VETS ONLY) of 2.75% rate with balance of $318,819** See Documents for 2nd Mortgage option to bridge the Assumable GAP! Inside, you'll find quartz countertops, a 5-burner gas stove, double ovens, and a Southern Living Charleston-inspired tile backsplash. The butler's pantry—with wine fridge—connects the gourmet kitchen to formal living space. Enjoy custom touches like a brick fireplace, plantation shutters, wood-look tile, shiplap accents, crown molding, and a converted office with built-ins. The oversized garage is fully finished with epoxy floors, built-in storage, and overhead racks. Low CDD fees, quick walk to RiverHouse amenities, and unmatched pride of ownership. They simply don't build them like this in RiverTown anymore.

Supplements: This 4-bedroom plus flex, single-story retreat offers over $100K in custom upgrades that set it apart from anything else on the market. Every room includes thoughtful finishes: tray ceilings, enlarged vanities, glass shower enclosures, recessed lighting, and upgraded moldings. The kitchen boasts a pot filler, wine fridge, walk-in pantry, and barn d ... (Read more)

Listing Details MLS# 2085901

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2504
Living Area Source: Public Records
Year Built: 2018
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.26
Lot Size Dimensions: 55 X 170
Association YN: Yes
Association Fee: 55
Association Fee Frequency: Annually
Association Name: Floridian Property Management
Association Phone: 904-592-4090
CDD Fee YN: Yes
CDD Fee Amount: 2586.9
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: Yes
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Direction Faces: South
Directions: From SR-13. Enter at RiverTown Blvd (MAIN round-a-bout). LEFT at Stop Sign. LEFT on Perdido Street. LEFT on Perdido Street (yes, again). RIGHT on Edisto Place. House on RIGHT at end of culs-de-sac.
Public Remarks: River Retreat in Rivertown - sunset views over the St. Johns River from both your front and back porch. Tucked at the end of a cul-de-sac, this customized single-story home blends Southern charm with smart functionality. **Assumable Loan (Fellow VETS ONLY) of 2.75% rate with balance of $318,819** See Documents for 2nd Mortgage option to bridge the Assumable GAP! Inside, you'll find quartz countertops, a 5-burner gas stove, double ovens, and a Southern Living Charleston-inspired tile backsplash. The butler's pantry—with wine fridge—connects the gourmet kitchen to formal living space. Enjoy custom touches like a brick fireplace, plantation shutters, wood-look tile, shiplap accents, crown molding, and a converted office with built-ins. The oversized garage is fully finished with epoxy floors, built-in storage, and overhead racks. Low CDD fees, quick walk to RiverHouse amenities, and unmatched pride of ownership. They simply don't build them like this in RiverTown anymore.
List Price/SqFt: 249.6
Sold Price/SqFt: 253.59

Property Features

Architectural Style: Craftsman Levels: One Property Condition: Updated/Remodeled Rental Restrictions: 7 Months Appliances: Dishwasher; Disposal; Double Oven; Gas Cooktop; Gas Water Heater; Microwave; Plumbed For Ice Maker; Refrigerator; Tankless Water Heater Fireplace Features: Electric Interior Features: Built-in Features; Butler Pantry; Ceiling Fan(s); Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Primary Downstairs; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; In Unit Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central; Electric Electric: 200+ Amp Service Water Source: Public Sewer: Public Sewer Smart Home Features: Security Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Construction Materials: Frame Patio And Porch Features: Covered; Rear Porch Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Cul-De-Sac View: River Water Body Access Type: Community Fencing: Back Yard; Fenced Current Use: Residential; Single Family Association Amenities: Basketball Court; Boat Dock; Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Jogging Path; Park; Pickleball; Playground; Tennis Court(s) Association Fee Includes: Other Community Features: Curbs; Fishing; Sidewalks; Street Lights Possession: Close Of Escrow; Negotiable Listing Terms: Assumable; Cash; Conventional; FHA; VA Loan Contingency Reason: Financing; Home Sale; Inspection