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.

222 ARELLA Way, St. Johns, FL 32259 (MLS# 2082148)

222 ARELLA Way, St. Johns, FL 32259

$700,000

Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 3,546 Lot Size (sq. ft.): 13,939 Status: Closed

Current Price: $700,000 List Date: 4/24/2025 Last Modified: 7/24/2026

Overview

Description

Built on a .32 acre lot, this immaculate home offers a resort-style living experience in the very private & gated community, Celestina. With 5 bedrooms, a dedicated office, and a formal dining room, this exquisite property is the epitome of elegance and comfort. Upon entering the grand foyer, you'll be greeted by beautiful tile floors, an abundance of natural light, and the 10-FOOT CEILINGS that create a sense of spaciousness and enhance the overall aesthetic of the living area. The open concept design seamlessly connects the living and dining areas, providing a perfect space for entertaining guests. The gourmet kitchen is a chef's dream, featuring top-of-the-line stainless steel appliances, granite countertops, a large center island, gas cooktop, and walk-in pantry, making it the perfect space for preparing meals and entertaining guests. The adjacent family room is warm and inviting, with a generous seating area and gorgeous views of the lush backyard and the preserve.

Supplements: The primary suite is a true retreat, complete with a seating area and 2 closets. The additional 4 bedrooms are generously sized and offer ample closet space, perfect for a growing family or guests. There is a large flex room on the second level that can be converted into a 6th bedroom. Step outside to your huge private backyard. The lanai offers pl ... (Read more)

Listing Details MLS# 2082148

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 3546
Living Area Source: Public Records
Year Built: 2018
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.32
Association YN: Yes
Association Fee: 148
Association Fee Frequency: Monthly
Association Name: Celestina Master Property Owners Association
Association Phone: 904-429-7159
CDD Fee YN: Yes
CDD Fee Amount: 1921.6
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Senior Community YN: No
Directions: Follow US-1 S/N Main St and FL-10 E to Acosta Expy Take I-95 S to W Peyton Pkwy in Saint Johns. Take exit 6 from FL-9B Continue on W Peyton Pkwy. Take Race Track Rd to Arella Way
Public Remarks: Built on a .32 acre lot, this immaculate home offers a resort-style living experience in the very private & gated community, Celestina. With 5 bedrooms, a dedicated office, and a formal dining room, this exquisite property is the epitome of elegance and comfort. Upon entering the grand foyer, you'll be greeted by beautiful tile floors, an abundance of natural light, and the 10-FOOT CEILINGS that create a sense of spaciousness and enhance the overall aesthetic of the living area. The open concept design seamlessly connects the living and dining areas, providing a perfect space for entertaining guests. The gourmet kitchen is a chef's dream, featuring top-of-the-line stainless steel appliances, granite countertops, a large center island, gas cooktop, and walk-in pantry, making it the perfect space for preparing meals and entertaining guests. The adjacent family room is warm and inviting, with a generous seating area and gorgeous views of the lush backyard and the preserve.
List Price/SqFt: 197.41
Sold Price/SqFt: 197.41

Property Features

Architectural Style: Traditional Levels: Two Appliances: Dishwasher; Double Oven; Dryer; Gas Cooktop; Microwave; Refrigerator; Washer Interior Features: Breakfast Nook; Ceiling Fan(s); Guest Suite; His and Hers Closets; Open Floorplan Flooring: Carpet; Tile; Vinyl Laundry Features: Upper Level Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Frame; Stucco Patio And Porch Features: Covered; Front Porch; Patio Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Dead End Street; Few Trees; Wooded View: Trees/Woods Current Use: Residential; Single Family Association Amenities: Basketball Court; Clubhouse; Community Pool; Dog Park; Fitness Center; Gated; Park; Playground; Security; Tennis Court(s) Association Fee Includes: Maintenance Grounds Community Features: Gated Road Frontage Type: Private Road Road Surface Type: Paved Possession: Close Of Escrow; Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Appraisal; Financing; Home Sale; Inspection