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 KILLARNEY Avenue, St. Johns, FL 32259 (MLS# 2125892)

242 KILLARNEY Avenue, St. Johns, FL 32259

$445,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,316 Lot Size (sq. ft.): 4,792 Status: Closed

Current Price: $445,000 List Date: 1/22/2026 Last Modified: 6/23/2026

Overview

Description

AVAILABLE FOR RENT OR FOR SALE! FOR RENT: AVAILABLE JUNE 1ST 2026 FOR $3,150/MONTH, INCLUDES ALL-AMENITY ACCESS TO THE LAGOON. Spanning three levels of thoughtfully designed living space, this home offers the flexibility for everyone to enjoy their own retreat. The second-floor loft is ideal for a home office or play area, while the expansive third-floor bonus room offers endless versatility as a media room, hobby space, or a large bedroom. Three additional bedrooms provide generous accommodations for family and guests alike. Custom shiplap and board-and-batten detailing lends timeless coastal charm to the home. A modern and thoughtfully appointed kitchen features a large island, stainless steel appliances, quartz countertops, natural gas range, and a spacious walk-in pantry--ideal for both everyday living and entertaining.

Supplements: This home is equipped with a Rachio smart sprinkler system, gutters, tankless water heater, and epoxy-coated garage. The first floor has upgraded 6" modern baseboards that add subtle luxury. Outdoors, a fully fenced yard and screened-in patio overlook tranquil water views, creating a serene setting to unwind and enjoy coastal breezes year-round. E ... (Read more)

Listing Details MLS# 2125892

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2316
Living Area Source: Public Records
Year Built: 2022
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.11
Association YN: Yes
Association Fee: 604.5
Association Fee Frequency: Quarterly
Association Fee 2: 325
Association Fee 2 Frequency: Monthly
Association Name: Beachwalk HOA
CDD Fee YN: Yes
CDD Fee Amount: 3850
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Stories: 2
Entry Level: Yes
Senior Community YN: No
Directions: Take US-1 S, Valley Ridge Blvd and Head toward Cross Ridge Dr. Use the left 2 lanes to turn left onto Valley Ridge Blvd. Use the left 2 lanes to turn left onto CR-210. Turn right onto Beachwalk Blvd E. At the traffic circle, take the 1st exit onto Beachwalk Blvd. At the traffic circle, take the 2nd exit and stay on Beachwalk Blvd. Turn right onto Albany Bay Blvd. Turn left onto Killarney Ave.
Public Remarks: AVAILABLE FOR RENT OR FOR SALE! FOR RENT: AVAILABLE JUNE 1ST 2026 FOR $3,150/MONTH, INCLUDES ALL-AMENITY ACCESS TO THE LAGOON. Spanning three levels of thoughtfully designed living space, this home offers the flexibility for everyone to enjoy their own retreat. The second-floor loft is ideal for a home office or play area, while the expansive third-floor bonus room offers endless versatility as a media room, hobby space, or a large bedroom. Three additional bedrooms provide generous accommodations for family and guests alike. Custom shiplap and board-and-batten detailing lends timeless coastal charm to the home. A modern and thoughtfully appointed kitchen features a large island, stainless steel appliances, quartz countertops, natural gas range, and a spacious walk-in pantry--ideal for both everyday living and entertaining.
List Price/SqFt: 194.3
Sold Price/SqFt: 192.14

Property Features

Architectural Style: Traditional Levels: Two Appliances: Electric Water Heater; ENERGY STAR Qualified Dishwasher; ENERGY STAR Qualified Dryer; ENERGY STAR Qualified Refrigerator; ENERGY STAR Qualified Washer; ENERGY STAR Qualified Water Heater; Microwave Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Parking Features: Attached; Garage; Garage Door Opener View: Pond Water Body Access Type: Association Waterfront Features: Pond Current Use: Residential; Single Family Association Amenities: Beach Access; Clubhouse; Community Pool; Dog Park; Maintenance Grounds; Marina; Park; Playground; Spa/Hot Tub; Tennis Court(s) Association Fee Includes: Maintenance Grounds Community Features: Gated; Sidewalks; Street Lights Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan