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 ZEPHYR Drive, St. Johns, FL 32259 (MLS# 2028949)

228 ZEPHYR Drive, St. Johns, FL 32259

$646,578

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,324 Status: Closed

Current Price: $646,578 List Date: 5/31/2024 Last Modified: 8/03/2026

Overview

Description

New Construction from Toll Brothers. This popular Osprey plan is located in the exclusive, gated Toll Brothers community of Shores at Rivertown.

Listing Details MLS# 2028949

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2324
Living Area Source: Plans
Year Built: 2024
Association YN: Yes
Association Fee: 100
Association Fee Frequency: Monthly
Association Fee 2: 1200
Association Fee 2 Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 1000
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2024-05-31
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Senior Community YN: No
Directions: From 210, take 210 S to 16A, turn right onto SR 13 at Woodpeckers, gated entry is 1/4 mile on the left. From SR13 in JCP, take SR 13 south. After 2nd Rivertown roundabout, gated entry is on the right.
Public Remarks: New Construction from Toll Brothers. This popular Osprey plan is located in the exclusive, gated Toll Brothers community of Shores at Rivertown.
List Price/SqFt: 278.22
Sold Price/SqFt: 278.22

Property Features

Architectural Style: Traditional Property Condition: Under Construction Appliances: Convection Oven; Dishwasher; Disposal; Electric Oven; Gas Cooktop; Gas Water Heater; Microwave; Tankless Water Heater Interior Features: Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Smart Thermostat; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Tile; Wood Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air; Separate Meters; Split System Heating: Central; Electric; Heat Pump Electric: 200+ Amp Service Water Source: Public Sewer: Public Sewer Smart Home Features: Carbon Monoxide Detector; Programmable Thermostat; Smoke Detector Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Construction Materials: Composition Siding Roof: Shingle Parking Features: Attached; Garage Door Opener Lot Features: Dead End Street View: Protected Preserve Fencing: Back Yard; Wrought Iron Current Use: Residential Association Amenities: Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Gated; Jogging Path; Park; Playground; Tennis Court(s) Road Frontage Type: Private Road Road Surface Type: Asphalt Possession: Other Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2024-05-31

Location Tax and Legal

Street Number: 228
Street Name: ZEPHYR
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Rivertown Shores

Status Change Information

Major Change Timestamp: 2024-05-31T20:47:38Z
Major Change Type: Status Change
Purchase Contract Date: 2024-05-31
Close Date: 2024-05-31
Close Price: 646578

DPR Eligible

DPR Eligible: No

More Information

Listing Office: JACKSONVILLE TBI REALTY, LLC

Last Updated: August - 03 - 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.