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.

242 BUCK RUN Way, St. Johns, FL (MLS# 828745)

242 BUCK RUN Way, St. Johns, FL

$125,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,175 Status: Closed

Current Price: $125,000 List Date: 5/18/2016 Last Modified: 12/30/2025

Overview

Description

HIGHEST AND BEST DUE BY 12 NOON ON MONDAY 05/23/2016. POTENTIAL! POTENTIAL! Come see this 3 bed, 2 bath single family home today. Property features a one car garage, and stucco front. property backs onto a pond. Wood cabinets in Kitchen with closet pantry. Kitchen is open to the living room area. A cute starter home. A must see!

Listing Details MLS# 828745

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1175
Living Area Source: Public Records
Year Built: 2009
Association YN: Yes
Association Fee: 137.5
Association Fee Frequency: Quarterly
Association Name: Samara lakes
Association Phone: 904-242-0666
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From I-95, exit International Golf Pkwy heading west 3.5 miles to the community on the left, just past The King & The Bear.
Public Remarks: HIGHEST AND BEST DUE BY 12 NOON ON MONDAY 05/23/2016. POTENTIAL! POTENTIAL! Come see this 3 bed, 2 bath single family home today. Property features a one car garage, and stucco front. property backs onto a pond. Wood cabinets in Kitchen with closet pantry. Kitchen is open to the living room area. A cute starter home. A must see!
List Price/SqFt: 93.62
Sold Price/SqFt: 106.38

Property Features

Approx Parcel Size: Less than .25 Acre Interior Features: Entrance Foyer; Primary Bathroom - Tub with Shower Flooring: Carpet; Tile Cooling: Central Air Heating: Central Water Source: Public Construction Materials: Stucco; Other Pool Features: None Roof: Shingle Parking Features: Attached; Garage Waterfront Features: Pond Current Use: Residential Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2016-05-18

Location Tax and Legal

Street Number: 242
Street Name: BUCK RUN
Street Suffix: Way
County: St. Johns
State: FL
MLS Area Major: 308-World Golf Village Area-SW
Subdivision Name: Samara Lakes

Status Change Information

Major Change Timestamp: 2023-11-13T21:53:54Z
Major Change Type: Price Change
Price Change Timestamp: 2016-05-18T19:55:09Z
Purchase Contract Date: 2016-05-24
Close Date: 2016-06-10
Close Price: 125000

Historical Information

Public Historical Remarks 1: Dining-Kitchen/Family Combo: Y
Public Historical Remarks 3: Occupant Type: Vacant, See ShowingAssist

More Information

Documents

Va offer form ›

va offer instructions ›

Listing Office: ALFA REALTORS CORP

Last Updated: December - 30 - 2025

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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