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.

240 ELM BRANCH Road, St. Johns, FL 32259 (MLS# 2078755)

240 ELM BRANCH Road, St. Johns, FL 32259

$650,000

3 - Amenities Center and Nature Preserve

4 - Amenities Center and Nature Preserve

5 - Amenities Center and Nature Preserve

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,440 Status: Closed

Current Price: $650,000 List Date: 3/31/2025 Last Modified: 1/19/2026

Overview

Description

Pack your bags, this home is move-in ready! The pronounced front entry opens to an open foyer with a grand Williamsburg oak staircase and a home office with glass French doors. Expand your living space with the second-floor loft that is perfectly designed to fit your lifestyle. The primary bedroom is a true respite with a beautiful tray ceiling, potential for its own sitting area, and dual walk-in closets. The luxury primary bathroom includes a glass shower with and elegant free-standing tub. Upgraded tile finishes give it a spa-like atmosphere. Downstairs, a multi-panel stacking door leads to a large outdoor living space. The covered lanai offers pristine views of the community's private wooded setting, as well as the potential for additional dining space that is perfect for social gatherings. A generous 3-car garage provides additional storage and convenient parking for multiple vehicles. Don't miss the opportunity to see this designer quick move-in home!

Listing Details MLS# 2078755

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 3440
Living Area Source: Plans
Year Built: 2025
Association YN: Yes
Association Fee: 153.67
Association Fee Frequency: Monthly
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2025-02-19
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Senior Community YN: No
Directions: From I-95, take Exit 329 towards Green Cove Springs. Head W on CR 210. It will turn into Greenbrier Rd. and you will follow that for 1.3 miles. Turn right into our Mill Creek Forest community via Bridgeton St. The sales office parking lot will be on your left as you pass the mill.
Public Remarks: Pack your bags, this home is move-in ready! The pronounced front entry opens to an open foyer with a grand Williamsburg oak staircase and a home office with glass French doors. Expand your living space with the second-floor loft that is perfectly designed to fit your lifestyle. The primary bedroom is a true respite with a beautiful tray ceiling, potential for its own sitting area, and dual walk-in closets. The luxury primary bathroom includes a glass shower with and elegant free-standing tub. Upgraded tile finishes give it a spa-like atmosphere. Downstairs, a multi-panel stacking door leads to a large outdoor living space. The covered lanai offers pristine views of the community's private wooded setting, as well as the potential for additional dining space that is perfect for social gatherings. A generous 3-car garage provides additional storage and convenient parking for multiple vehicles. Don't miss the opportunity to see this designer quick move-in home!
List Price/SqFt: 203.2
Sold Price/SqFt: 188.95

Property Features

Architectural Style: Contemporary Levels: Two Appliances: Convection Oven; Dishwasher; Disposal; Gas Cooktop; Gas Oven; Microwave; Tankless Water Heater Interior Features: Entrance Foyer; His and Hers Closets; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Primary Bathroom - Tub with Shower; Smart Thermostat; Walk-In Closet(s) Flooring: Tile; Vinyl Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Sink Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric; Zoned Heating: Central; Electric; Zoned Water Source: Public Sewer: Public Sewer Smart Home Features: Locks; Programmable Thermostat; Security Green Energy Efficient: Thermostat Green Water Conservation: Water Recycling Security Features: Security System Owned Construction Materials: Fiber Cement Patio And Porch Features: Covered; Front Porch; Rear Porch Parking Features: Garage; Garage Door Opener Lot Features: 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; Park; Pickleball; Playground; Tennis Court(s) Community Features: Gated; Sidewalks; Street Lights Road Frontage Type: Private Road Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-03-31

Location Tax and Legal

Street Number: 240
Street Name: ELM BRANCH
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: 2025-10-26T18:52:36Z
Major Change Type: Status Change
Price Change Timestamp: 2025-07-08T16:12:54Z
Purchase Contract Date: 2025-09-15
Close Date: 2025-09-30
Close Price: 650000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: JACKSONVILLE TBI REALTY, LLC

Last Updated: January - 19 - 2026

Information deemed reliable but not guaranteed.