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.

22 BONITA Drive, Ponte Vedra, FL 32082 (MLS# 2003404)

22 BONITA Drive, Ponte Vedra, FL 32082

$626,000

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,610 Status: Closed

Current Price: $626,000 List Date: 1/13/2024 Last Modified: 3/01/2025

Overview

Description

Gorgeous 4 bedroom fully remodeled home in Ponte Vedra Beach with large bonus room.

Listing Details MLS# 2003404

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1610
Living Area Source: Public Records
Year Built: 1976
Association YN: No
CDD Fee YN: No
Accessibility Features YN: Yes
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: A1A to Dolphin Blvd. Go West, follow around curve and take 2nd left onto Bonita Drive. Home around curve on right hand side
Public Remarks: Gorgeous 4 bedroom fully remodeled home in Ponte Vedra Beach with large bonus room.
List Price/SqFt: 388.82
Sold Price/SqFt: 388.82

Property Features

Architectural Style: Ranch Levels: One Appliances: Dishwasher; Electric Range; Microwave; Refrigerator Utilities: Electricity Available; Water Available Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Pool Features: None Parking Features: Attached; Garage Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2023-11-11

Location Tax and Legal

Street Number: 22
Street Name: BONITA
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32082
MLS Area Major: 252-Ponte Vedra Beach-W Of A1A-N Of Solana Rd
Subdivision Name: Wellington By The Se

Status Change Information

Major Change Timestamp: 2024-01-13T23:24:04Z
Major Change Type: Status Change
Purchase Contract Date: 2023-11-11
Close Date: 2023-12-28
Close Price: 626000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: NON MLS (realMLS)

Last Updated: March - 01 - 2025

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.