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.

196 CLOISTERBANE Drive, St. Johns, FL 32259 (MLS# 659692)

196 CLOISTERBANE Drive, St. Johns, FL 32259

$340,805

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 3,003 Status: Closed

Current Price: $340,805 List Date: 8/20/2013 Last Modified: 6/04/2026

Overview

Listing Details MLS# 659692

General Property Information

Bedrooms Total: 5
Bathrooms Full: 4
Bathrooms Total: 4
Living Area: 3003
Living Area Source: Plans
Year Built: 2013
Association YN: Yes
Association Fee: 55
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 2183
New Construction YN: Yes
Garage Spaces: 3
Water Body Access YN: No
Waterfront YN: No
Stories: 2
List Price/SqFt: 111.18
Sold Price/SqFt: 113.49

Property Features

Approx Parcel Size: Less than .25 Acre Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Pool Features: In Ground Parking Features: Attached; Garage Current Use: Residential Possession: Negotiable

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2013-04-01

Location Tax and Legal

Street Number: 196
Street Name: CLOISTERBANE
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Durbin Crossing

Status Change Information

Major Change Timestamp: 2023-11-14T19:23:07Z
Major Change Type: Price Change
Price Change Timestamp: 2013-08-20T12:34:37Z
Purchase Contract Date: 2013-04-26
Close Date: 2013-12-11
Close Price: 340805

More Information

Listing Office: DREAM FINDERS REALTY LLC

Last Updated: June - 04 - 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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