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 VALLEY FALLS Way, St. Johns, FL 32259 (MLS# 2020063)

222 VALLEY FALLS Way, St. Johns, FL 32259

$484,990

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,788 Lot Size (sq. ft.): 6,534 Status: Closed

Current Price: $484,990 List Date: 4/15/2024 Last Modified: 1/19/2026

Overview

Description

**Ask about Closing Cost Incentive** This beautiful home is ready for immediate move-in. The stunning kitchen is highlighted by a designer backsplash, modern cabinets, and upgraded countertops. Embrace relaxation in the sun-filled great room that is bursting with natural light and is adjacent to the kitchen and casual dining area. The appealing primary bedroom suite boasts a lavish bath and ample closet space. The community is situated just minutes away from shopping, dining, and entertainment. Discover what luxury living truly means and schedule a tour of this beautiful home.

Listing Details MLS# 2020063

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1788
Living Area Source: Builder
Year Built: 2024
Lot Size Acres: 0.15
Association YN: Yes
Association Fee: 146
Association Fee Frequency: Monthly
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2024-08-01
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Direction Faces: Northwest
Directions: From I-95 take exit 329 towards Green Cove Springs, head W on CR 210, it will turn into Greenbriar Rd. Mill Creek Forest will be a right on Bridgeton St.
Public Remarks: **Ask about Closing Cost Incentive** This beautiful home is ready for immediate move-in. The stunning kitchen is highlighted by a designer backsplash, modern cabinets, and upgraded countertops. Embrace relaxation in the sun-filled great room that is bursting with natural light and is adjacent to the kitchen and casual dining area. The appealing primary bedroom suite boasts a lavish bath and ample closet space. The community is situated just minutes away from shopping, dining, and entertainment. Discover what luxury living truly means and schedule a tour of this beautiful home.
List Price/SqFt: 271.25
Sold Price/SqFt: 271.25

Property Features

Appliances: Convection Oven; Dishwasher; Disposal; Gas Cooktop; Microwave Utilities: Electricity Connected; Natural Gas Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Smart Home Features: Smoke Detector Security Features: Key Card Entry Construction Materials: Fiber Cement; Frame Roof: Shingle Parking Features: Attached Lot Features: Wooded Current Use: Residential Association Amenities: Clubhouse; Community Pool; Fitness Center; Gated; Jogging Path; Park; Pickleball; Playground; Tennis Court(s) Road Frontage Type: Private Road Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2024-04-15

Location Tax and Legal

Street Number: 222
Street Name: VALLEY FALLS
Street Suffix: Way
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Mill Creek Forest

Status Change Information

Major Change Timestamp: 2024-12-29T15:49:53Z
Major Change Type: Status Change
Price Change Timestamp: 2024-10-19T14:49:15Z
Purchase Contract Date: 2024-10-29
Close Date: 2024-12-04
Close Price: 484990

DPR Eligible

DPR Eligible: No

More Information

Documents

Designer Appointed Features ›

Listing Office: JACKSONVILLE TBI REALTY, LLC

Last Updated: January - 19 - 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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