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.

228 ELM BR Road, St. Johns, FL 32259 (MLS# 2089537)

228 ELM BR Road, St. Johns, FL 32259

$625,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,678 Lot Size (sq. ft.): 7,405 Status: Closed

Current Price: $625,000 List Date: 5/24/2025 Last Modified: 6/06/2026

Overview

Description

**SELLERS OFFERING $5,000 TOWARD CLOSING COSTS OR RATE BUY DOWN** This stunning 4 bed, 3 bath, enclosed office, 3 car garage home by Toll Brothers in Mill Creek Forest - an exclusive *GATED* neighborhood with *NO CDD FEES!* Available now! This residence is a masterpiece of modern design and luxury, offering all the upgrades you've been searching for. This home has 10-foot ceilings and 8-foot doors throughout, with tray ceilings in the great room, giving it a feeling of elegance and openness. The home's gourmet kitchen features quartz countertops, walk-in pantry, porcelain farmhouse style sink, and stainless steel appliances, perfect for entertaining or everyday meals. You will love the convenience of built-in drawer inserts in the bottom cabinets, designed to maximize storage and keep everything neatly in its place.

Listing Details MLS# 2089537

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2678
Living Area Source: Public Records
Year Built: 2024
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.17
Association YN: Yes
Association Fee: 146.67
Association Fee Frequency: Monthly
Association Name: Mill Creek Forest Homeowners Association, Inc.
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2024-05-03
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: From I-95 South, take exit 333 for FL-9B S toward County Rd 2209. From FL-9B, merge onto St Johns Pkwy. Turn right onto County Rd 210 W. Continue straight onto Greenbriar Rd. Turn right onto Bridgeton St to enter Mill Creek Forest neighborhood. Turn right onto Wye Rd, left onto Vly Fls Wy, left onto Elm Branch Rd. Destination will be on the right.
Public Remarks: **SELLERS OFFERING $5,000 TOWARD CLOSING COSTS OR RATE BUY DOWN** This stunning 4 bed, 3 bath, enclosed office, 3 car garage home by Toll Brothers in Mill Creek Forest - an exclusive *GATED* neighborhood with *NO CDD FEES!* Available now! This residence is a masterpiece of modern design and luxury, offering all the upgrades you've been searching for. This home has 10-foot ceilings and 8-foot doors throughout, with tray ceilings in the great room, giving it a feeling of elegance and openness. The home's gourmet kitchen features quartz countertops, walk-in pantry, porcelain farmhouse style sink, and stainless steel appliances, perfect for entertaining or everyday meals. You will love the convenience of built-in drawer inserts in the bottom cabinets, designed to maximize storage and keep everything neatly in its place.
List Price/SqFt: 240.29
Sold Price/SqFt: 233.38

Property Features

Architectural Style: Craftsman; Ranch Levels: One Appliances: Dishwasher; Disposal; Electric Oven; Gas Cooktop; Gas Water Heater; Microwave; Refrigerator; Tankless Water Heater Interior Features: Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Smart Thermostat Flooring: Carpet; Tile; Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Available; Water Available Cooling: Central Air Heating: Central; Electric Water Source: Public Sewer: Public Sewer Smart Home Features: Programmable Thermostat Green Energy Efficient: Appliances; Doors; Windows Security Features: Security Gate; Smoke Detector(s) Construction Materials: Fiber Cement; Frame Patio And Porch Features: Covered; Rear Porch Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Cul-De-Sac; Many Trees; Sprinklers In Front; Sprinklers In Rear; Wooded View: Trees/Woods Current Use: Residential; Single Family Association Amenities: Clubhouse; Community Pool; Fitness Center; Gated; Jogging Path; Playground; Tennis Court(s) Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Family Room; Kitchen; Laundry; Office; Primary Bathroom; Primary Bedroom

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-05-14

Location Tax and Legal

Street Number: 228
Street Name: ELM BR
Street Suffix: Road
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: 2026-06-06T02:06:18Z
Major Change Type: Status Change
Price Change Timestamp: 2026-03-21T20:20:21Z
Purchase Contract Date: 2026-03-30
Close Date: 2026-06-05
Close Price: 625000

DPR Eligible

DPR Eligible: No

More Information

Room Information

Room Name
Primary Bedroom
Primary Bathroom
Bedroom 2
Bedroom 3
Bedroom 4
Office
Family Room
Laundry
Kitchen

Listing Office: CASTILLO REAL ESTATE JAX

Last Updated: June - 06 - 2026

Information deemed reliable but not guaranteed.