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.

194 MERCHANT Avenue, St. Johns, FL 32259 (MLS# 2169044)

194 MERCHANT Avenue, St. Johns, FL 32259

$512,832

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,900 Status: Pending

Current Price: $512,832 List Date: 10/13/2026 Last Modified: 10/13/2026

Overview

Description

Lot 121 - Located in WaterSong, RiverTown's gated 55+ community, residents enjoy resort-style amenities, fitness classes, walking trails, lakes, parks, and a vibrant social calendar featuring food trucks, wine nights, trivia, bunco, nature walks, and more.

Listing Details MLS# 2169044

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1900
Living Area Source: Plans
Year Built: 2026
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: Yes
Association Fee: 211
Association Fee Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 2746
Accessibility Features YN: Yes
New Construction YN: Yes
Estimated Completion Date: 2027-05-04
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: Yes
Senior Community YN: Yes
Direction Faces: Southeast
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 Mis
Public Remarks: Lot 121 - Located in WaterSong, RiverTown's gated 55+ community, residents enjoy resort-style amenities, fitness classes, walking trails, lakes, parks, and a vibrant social calendar featuring food trucks, wine nights, trivia, bunco, nature walks, and more.
List Price/SqFt: 269.91

Property Features

Levels: One Property Condition: Under Construction Appliances: Dishwasher; Gas Cooktop; Gas Oven; Microwave Interior Features: Breakfast Bar; Eat-in Kitchen; Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Smart Thermostat; Walk-In Closet(s) Laundry Features: Electric 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: Carbon Monoxide Detector(s); Security Gate; Smoke Detector(s) Construction Materials: Fiber Cement; Frame Patio And Porch Features: Covered; Front Porch; Rear Porch Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Sprinklers In Front; Sprinklers In Rear View: Pond Waterfront Features: Pond Current Use: Residential Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Gated; Jogging Path; Maintenance Grounds; Management - Full Time; Management - On Site; Park; Pickleball; Playground; Spa/Hot Tub; Tennis Court(s) Community Features: Curbs; Gated; Restaurant; Sidewalks; Street Lights 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: 2026-10-04

Location Tax and Legal

Street Number: 194
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: 2026-10-13T18:33:04Z
Major Change Type: Status Change
Purchase Contract Date: 2026-10-04

DPR Eligible

DPR Eligible: No

More Information

Listing Office: MATTAMY REAL ESTATE SERVICES

Last Updated: October - 13 - 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.