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.

250 PELTON Place, St. Johns, FL 32259 (MLS# 2103282)

250 PELTON Place, St. Johns, FL 32259

$699,000

Virtual Tour

https://my.matterport.com/show/?m=U2fx5NaGfrY&mls=1

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,554 Status: Closed

Current Price: $699,000 List Date: 8/11/2025 Last Modified: 5/18/2026

Overview

Description

Lot 237- The Harbor blends comfort and style in a versatile 3-bedroom, 3-bath layout. A private study replaces the flex room, offering a quiet space to work or relax, while Bath 2 features a shower in lieu of a tub for added convenience. The open-concept design connects the kitchen, family, and dining rooms, all filled with natural light and opening to an extended covered lanai—perfect for outdoor living. The owner's suite is a serene retreat with dual walk-in closets and a luxurious spa shower. Located in WATERSONG, a gated 55+ neighborhood within RiverTown, this master-planned community is surrounded by scenic lakes, preserves, and the natural beauty of the St. Johns River. Residents enjoy miles of trails, neighborhood parks, and resort-style amenities designed to support an active lifestyle. From food truck Fridays and wine gatherings to fitness classes, bunco, trivia, nature walks, and Paw Park visits, there are endless opportunities to stay social, active, and inspired every day ... (Read more)

Listing Details MLS# 2103282

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2554
Living Area Source: Plans
Year Built: 2025
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: Yes
Association Fee: 211
Association Fee Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 2883
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2025-11-10
Garage YN: Yes
Garage Spaces: 2.5
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: Yes
Directions: From I-95, Exit 329 for CR 210 toward Green Cove Springs, West onto CR 210, continue straight onto Greenbriar Rd, turn left on Longleaf Pine Pkwy. Turn right on Keystone Corners Blvd. Turn left on Mistflower Drive. Turn left on Pelton Place, then left on Hedgerow Street - Sales Center parking will be immediately on your right.
Public Remarks: Lot 237- The Harbor blends comfort and style in a versatile 3-bedroom, 3-bath layout. A private study replaces the flex room, offering a quiet space to work or relax, while Bath 2 features a shower in lieu of a tub for added convenience. The open-concept design connects the kitchen, family, and dining rooms, all filled with natural light and opening to an extended covered lanai—perfect for outdoor living. The owner's suite is a serene retreat with dual walk-in closets and a luxurious spa shower. Located in WATERSONG, a gated 55+ neighborhood within RiverTown, this master-planned community is surrounded by scenic lakes, preserves, and the natural beauty of the St. Johns River. Residents enjoy miles of trails, neighborhood parks, and resort-style amenities designed to support an active lifestyle. From food truck Fridays and wine gatherings to fitness classes, bunco, trivia, nature walks, and Paw Park visits, there are endless opportunities to stay social, active, and inspired every day.
List Price/SqFt: 289.94
Sold Price/SqFt: 273.69

Property Features

Levels: One Appliances: Dishwasher; Dryer; Electric Oven; Gas Cooktop; Ice Maker; Microwave; Refrigerator; Tankless Water Heater; Washer Interior Features: Breakfast Bar; Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Smart Thermostat; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Security Gate Construction Materials: Fiber Cement; Frame Patio And Porch Features: Covered; Front Porch; Rear Porch Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Many Trees; Wooded View: Trees/Woods Current Use: Residential; Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Gated; Jogging Path; Park; Pickleball; Playground; Security; Spa/Hot Tub; Tennis Court(s) Association Fee Includes: Maintenance Grounds; Security Community Features: Curbs; Gated; Restaurant; Sidewalks; Street Lights Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; Other

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-08-11

Location Tax and Legal

Street Number: 250
Street Name: PELTON
Street Suffix: Place
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Watersong At Rivertown

Status Change Information

Major Change Timestamp: 2026-05-18T16:01:42Z
Major Change Type: Status Change
Price Change Timestamp: 2026-02-19T20:37:16Z
Purchase Contract Date: 2026-02-28
Close Date: 2026-05-13
Close Price: 699000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: MATTAMY REAL ESTATE SERVICES

Last Updated: May - 18 - 2026

Information deemed reliable but not guaranteed.