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.

197 CHIPOLA Trace, St. Johns, FL 32259 (MLS# 1153696)

197 CHIPOLA Trace, St. Johns, FL 32259

$527,000

Rivertown Dog Park-FL-Dog Play Packages-

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Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,250 Status: Closed

Current Price: $527,000 List Date: 2/18/2022 Last Modified: 3/03/2026

Overview

Description

Multiple offers - deadline 2/21 by 5:00 pm. No need to wait to build, this Mattamy home built in 2016 offers the Ella Floorplan with 3 bedrooms/ 2 baths and a flex room with new hardwood floors. The open gourmet kitchen was upgraded to include extended cabinets, granite countertops, stainless steel appliances, double ovens, and a large pantry with updated shelving. The dining room is open to the family room and kitchen which provides a great open concept. The owners suite has double vanities, large shower, and a large walk-in custom closet. There are 2 secondary bedrooms and a hall bath. Enjoy your coffee on the screened in porch or stroll to the endless amount of amenities that are a stones throw from this home. The location within the community is hard to beat

Listing Details MLS# 1153696

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2250
Living Area Source: Public Records
Year Built: 2016
Association YN: Yes
Association Fee: 45
Association Fee Frequency: Annually
Association Name: Rivertown HOA
CDD Fee YN: Yes
CDD Fee Amount: 2389.18
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Directions: Take SR13 South to Rivertown Blvd at the Turnabout. Turn L on Kendall Crossing; Turn L into The Landings; Turn R on Perdido St; Turn L on Chipola Trace
Public Remarks: Multiple offers - deadline 2/21 by 5:00 pm. No need to wait to build, this Mattamy home built in 2016 offers the Ella Floorplan with 3 bedrooms/ 2 baths and a flex room with new hardwood floors. The open gourmet kitchen was upgraded to include extended cabinets, granite countertops, stainless steel appliances, double ovens, and a large pantry with updated shelving. The dining room is open to the family room and kitchen which provides a great open concept. The owners suite has double vanities, large shower, and a large walk-in custom closet. There are 2 secondary bedrooms and a hall bath. Enjoy your coffee on the screened in porch or stroll to the endless amount of amenities that are a stones throw from this home. The location within the community is hard to beat
List Price/SqFt: 222.22
Sold Price/SqFt: 234.22

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Other Appliances: Dishwasher; Disposal; Dryer; Gas Range; Ice Maker; Microwave; Tankless Water Heater; Washer; Water Softener Owned Interior Features: Breakfast Bar; Central Vacuum; Eat-in Kitchen; Entrance Foyer; Kitchen Island; Primary Bathroom - Shower No Tub; Primary Downstairs; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile; Wood Utilities: Natural Gas Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Fiber Cement; Frame Patio And Porch Features: Front Porch; Patio; Porch; Screened Pool Features: None Roof: Shingle Parking Features: Community Structure Lot Features: Cul-De-Sac; Sprinklers In Front; Sprinklers In Rear Fencing: Vinyl; Other Current Use: Residential; Single Family Association Amenities: Basketball Court; Boat Dock; Clubhouse; Community Pool; Fitness Center; Jogging Path; Playground; Tennis Court(s) Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2022-02-13

Location Tax and Legal

Street Number: 197
Street Name: CHIPOLA
Street Suffix: Trace
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Rivertown

Status Change Information

Major Change Timestamp: 2022-03-25T14:44:14Z
Major Change Type: Status Change
Purchase Contract Date: 2022-02-21
Close Date: 2022-03-25
Close Price: 527000

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Mandatory Fees: Y, Dining-Kitchen/Family Combo: Y, Club Amenities-Nature Trails: Y, Interior Amenities-Window Treatment(s): Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Structure Builder: Mattamy Homes, Suburban Lot Location: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Covenants/Restrictions: Y, Energy Features-Exhaust Fans: Y, Energy Features-Ceiling Fan(s): Y, Soccer Field(s): Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Fenced Partial: Y

Room Information

Room Name
Family Room
Office
Utility Room

Documents

Offer Instructions ›

Sellers Property Disclosure ›

Survey on File ›

Home Owners Association Disclosure ›

CDD Disclosure ›

What I love about my Home ›

Floor Plan with Upgrades ›

Listing Office: BETTER HOMES & GARDENS REAL ESTATE LIFESTYLES REALTY

Last Updated: March - 03 - 2026

Information deemed reliable but not guaranteed.