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.

192 OLD HALE Way, St. Johns, FL 32259 (MLS# 2040020)

192 OLD HALE Way, St. Johns, FL 32259

$734,722

Virtual Tour

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Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 3,305 Status: Closed

Current Price: $734,722 List Date: 7/31/2024 Last Modified: 5/02/2026

Overview

Description

Close by the end of Dec! SELLER TO PAY UP TO $24,000 TOWARDS RATE BUY DOWN & CLOSING COSTS WHEN BUYER USES PREFERRED LENDER at closing! Residents will love calling the Palmetto home, an intricately-designed ranch plan. Upon entry, visitors will immediately be drawn to the open living area, highlighted by a large kitchen with great views of the family room and expansive morning room. The luxurious owner's suite is tucked away privately, connected to an impressive owner's suite bath and spacious walk-in closet.

Listing Details MLS# 2040020

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 3305
Living Area Source: Plans
Year Built: 2024
Association YN: Yes
Association Fee: 1124.1
Association Fee Frequency: Annually
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2024-09-30
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: From I-95, take 210 West to Longleaf Pine Parkway. Make a right on Longleaf Pine Parkway, stay in the right lane. Entrance to Oxford Estates is ahead about 1 mile.
Public Remarks: Close by the end of Dec! SELLER TO PAY UP TO $24,000 TOWARDS RATE BUY DOWN & CLOSING COSTS WHEN BUYER USES PREFERRED LENDER at closing! Residents will love calling the Palmetto home, an intricately-designed ranch plan. Upon entry, visitors will immediately be drawn to the open living area, highlighted by a large kitchen with great views of the family room and expansive morning room. The luxurious owner's suite is tucked away privately, connected to an impressive owner's suite bath and spacious walk-in closet.
List Price/SqFt: 229.02
Sold Price/SqFt: 222.31

Property Features

Architectural Style: Ranch Levels: One Property Condition: Under Construction Appliances: Dishwasher; Disposal; Electric Oven; Gas Cooktop; Microwave Interior Features: Eat-in Kitchen; Kitchen Island; Pantry; Walk-In Closet(s) Utilities: Cable Available Cooling: Central Air; Electric Heating: Central; Heat Pump Water Source: Public Green Building Verification Type: HERS Index Score 30-65 Construction Materials: Composition Siding Parking Features: Attached; Garage Current Use: Residential; Single Family Association Amenities: Community Pool Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Showing Requirements: Other

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2024-07-31

Location Tax and Legal

Street Number: 192
Street Name: OLD HALE
Street Suffix: Way
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Oxford Estates

Status Change Information

Major Change Timestamp: 2025-02-03T13:13:49Z
Major Change Type: Status Change
Price Change Timestamp: 2024-12-03T19:55:29Z
Purchase Contract Date: 2024-12-23
Close Date: 2025-01-31
Close Price: 734722

DPR Eligible

DPR Eligible: No

More Information

Listing Office: DREES REALTY

Last Updated: May - 02 - 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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