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.

2392 WATERMILL Drive, Orange Park, FL 32073 (MLS# 940600)

2392 WATERMILL Drive, Orange Park, FL 32073

$199,000

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,216 Status: Closed

Current Price: $199,000 List Date: 6/07/2018 Last Modified: 1/21/2026

Overview

Description

Large, bright and open 4 BR, 2 Bath home, nestled in sought after area of Spence Plantation in Clay county. Open floor plan great for entertaining. Tile, bamboo laminate, and carpet throughout. Large kitchen includes tons of storage & breakfast bar and a separate dining room. Living room on entry could be used as an office. Master bedroom and bath with Jacuzzi tub and separate shower locate opposite side of the remaining three spacious bedrooms. Master walk-in closet has custom cabinetry. Large enclosed a/c ready Lanai great for additional living space or play/exercise room. Guest bath can be accessed from inside or the Lanai.

Listing Details MLS# 940600

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2216
Living Area Source: Public Records
Year Built: 2003
Association YN: Yes
Association Fee: 255
Association Fee Frequency: Annually
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: I-295 South to R on Argyle Forest Blvd., L on Cheswick (see McDonalds). L on Spencer Plantation Blvd. L on Watermill. Follow through to Spencer Island.
Public Remarks: Large, bright and open 4 BR, 2 Bath home, nestled in sought after area of Spence Plantation in Clay county. Open floor plan great for entertaining. Tile, bamboo laminate, and carpet throughout. Large kitchen includes tons of storage & breakfast bar and a separate dining room. Living room on entry could be used as an office. Master bedroom and bath with Jacuzzi tub and separate shower locate opposite side of the remaining three spacious bedrooms. Master walk-in closet has custom cabinetry. Large enclosed a/c ready Lanai great for additional living space or play/exercise room. Guest bath can be accessed from inside or the Lanai.
List Price/SqFt: 101.53
Sold Price/SqFt: 89.8

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Ranch Appliances: Dishwasher; Disposal; Electric Range; Microwave; Refrigerator Interior Features: Breakfast Bar; Breakfast Nook; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Split Bedrooms Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Pool Features: None Current Use: Residential Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2018-06-07

Location Tax and Legal

Street Number: 2392
Street Name: WATERMILL
Street Suffix: Drive
County: Clay
State: FL
Postal Code: 32073
MLS Area Major: 139-Oakleaf/Orange Park/NW Clay County
Subdivision Name: Spencer Island

Status Change Information

Major Change Timestamp: 2023-11-14T08:26:44Z
Major Change Type: Price Reduced
Price Change Timestamp: 2018-08-24T18:55:11Z
Purchase Contract Date: 2018-08-29
Close Date: 2018-09-28
Close Price: 199000

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Self Cleaning Oven: Y

More Information

Listing Office: PERKINS REALTY

Last Updated: January - 21 - 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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