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.

257 CONSTITUTION Drive, Ponte Vedra, FL 32081 (MLS# 2003320)

257 CONSTITUTION Drive, Ponte Vedra, FL 32081

$3,495

Property Type: Residential Lease Bedrooms: 4 Baths: 3 Square Footage: 2,353 Lot Size (sq. ft.): 7,841 Status: Closed

Current Price: $3,495 List Date: 1/13/2024 Last Modified: 3/01/2025

Overview

Description

4 bedroom 3 full bath. plus a dedicated office. 2 car garage. The main living room area is 10 feet high ceiling. Main living area are tile floor. 4 bedrooms are carpet. master closet has a pocket door to go to laundry room. master walk in shower is large. Master closet is very large room too. granite counter top with a big kitchen island. gourmet kitchen with wall oven. Gas stove. tankless water heater. Jack and Jill bathroom for 2 of the bedrooms. 3rd bathroom is also inside a room for that room's privacy. great schools. one level house. No stairs. big back patio.

Listing Details MLS# 2003320

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2353
Living Area Source: Appraiser
Year Built: 2021
Lot Size Acres: 0.18
Association YN: No
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Stories Total: Yes
Entry Level: Yes
Senior Community YN: No
Directions: from Philip 1, go on Nocatee Parkway, exit Crosswater Pkwy and Crosswater Lake Dr to Constitution Dr
Public Remarks: 4 bedroom 3 full bath. plus a dedicated office. 2 car garage. The main living room area is 10 feet high ceiling. Main living area are tile floor. 4 bedrooms are carpet. master closet has a pocket door to go to laundry room. master walk in shower is large. Master closet is very large room too. granite counter top with a big kitchen island. gourmet kitchen with wall oven. Gas stove. tankless water heater. Jack and Jill bathroom for 2 of the bedrooms. 3rd bathroom is also inside a room for that room's privacy. great schools. one level house. No stairs. big back patio.
List Price/SqFt: 1.49
Sold Price/SqFt: 1.49

Property Features

Additional Lease Terms: 12 Months Architectural Style: Ranch Levels: One Appliances: Dishwasher; Gas Range; Gas Water Heater; Microwave; Refrigerator Interior Features: Jack and Jill Bath; Pantry; Primary Bathroom - Shower No Tub; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Patio And Porch Features: Covered Association Amenities: Community Pool Water Source: Public Parking Features: Garage Sewer: Public Sewer Security Features: Smoke Detector(s) View: Protected Preserve Utilities: Electricity Available; Sewer Available; Water Available Cooling: Central Air Heating: Central Road Surface Type: Asphalt Road Frontage Type: City Street Tenant Pays: All Utilities Contingency Reason: Other Room Types: Office

Contract Information

Rental Service: None
Property Sub Type: Single Family Residence
Listing Contract Date: 2024-01-12
Lease Term: 12 Months
Availability Date: 2024-06-15

Location Tax and Legal

Street Number: 257
Street Name: CONSTITUTION
Street Suffix: Drive
State: FL
County: St. Johns
Postal Code: 32081
MLS Area Major: 272-Nocatee South
Subdivision Name: Heritage Trace At Crosswater

Status Change Information

Major Change Timestamp: 2024-07-15T12:26:12Z
Major Change Type: Status Change
Price Change Timestamp: 2024-06-29T16:08:54Z
Purchase Contract Date: 2024-07-15
Close Date: 2024-07-15
Close Price: 3495

Deposits and Fees

Application Fee: 75
Pet Fee/Deposit: 395
Security Deposit: 3495

More Information

Room Information

Room Name
Office

Listing Office: REBATERENTALS.COM REALTY INC

Last Updated: March - 01 - 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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