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.

198 LOCHNAGAR MOUNTAIN Drive, St. Johns, FL 32259 (MLS# 2043090)

198 LOCHNAGAR MOUNTAIN Drive, St. Johns, FL 32259

$444,900

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,177 Lot Size (sq. ft.): 6,970 Status: Closed

Current Price: $444,900 List Date: 1/05/2025 Last Modified: 7/02/2026

Overview

Description

This stunning 4 bedroom, 2 bathroom was built in 2017.

Listing Details MLS# 2043090

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1913
Living Area Source: Assessor
Building Area Total: 2177
Year Built: 2017
Accessory Dwelling Unit Y/N: No
Lot Size Acres: 0.16
Association YN: Yes
Association Fee: 50
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 1779.7
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: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Directions: I-95 to CR-210 toward Green Cove Spgs; turn onto CR-210 W-2.0 mi; right onto St Johns Pkwy - 1.7 mi; left onto Longleaf Pine Pkwy - Approx. 3 mi; Left on Shetland Drive, Right onto Lochnagar Mountain Dr, Home is on the Right at the cul-de-sac.
Public Remarks: This stunning 4 bedroom, 2 bathroom was built in 2017.
List Price/SqFt: 232.57
Sold Price/SqFt: 232.57

Property Features

Architectural Style: Traditional Levels: One Appliances: Dishwasher; Gas Range; Ice Maker; Microwave; Plumbed For Ice Maker; Refrigerator Interior Features: Breakfast Bar; Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Smart Home Features: Smoke Detector Green Energy Efficient: Windows Construction Materials: Fiber Cement; Frame Patio And Porch Features: Porch; Rear Porch Roof: Shingle Parking Features: Garage Lot Features: Cul-De-Sac; Dead End Street View: Protected Preserve; Trees/Woods Fencing: Back Yard; Fenced; Full; Privacy; Vinyl Current Use: Residential; Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Fitness Center; Jogging Path; Management - Off Site; Park; Playground Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2024-08-19

Location Tax and Legal

Street Number: 198
Street Name: LOCHNAGAR MOUNTAIN
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Aberdeen

Status Change Information

Major Change Timestamp: 2025-03-03T20:59:54Z
Major Change Type: Status Change
Price Change Timestamp: 2024-09-26T16:51:05Z
Purchase Contract Date: 2025-01-16
Close Date: 2025-03-03
Close Price: 444900

DPR Eligible

DPR Eligible: No

More Information

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: July - 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.