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.

26 SUGAR MAGNOLIA Drive, Ponte Vedra, FL 32081 (MLS# 2034605)

26 SUGAR MAGNOLIA Drive, Ponte Vedra, FL 32081

$3,150

Property Type: Residential Lease Bedrooms: 4 Baths: 4 Square Footage: 2,626 Lot Size (sq. ft.): 3,049 Status: Closed

Current Price: $3,150 List Date: 7/01/2024 Last Modified: 3/06/2025

Overview

Description

Former Toll Brother's model home in a gated community. Kitchen and Dining look out to lanai with peaceful preserve view. Convenient first-floor Master Bedroom and private Study. Upgraded WHITE cabinetry in Kitchen with beautiful QUARTZ countertops. OAK stairs with open stair railing at first floor lead to second floor featuring 3 spacious bedrooms and welcoming LOFT. Enjoy LESS MAINTENANCE and MORE of the Nocatee Lifestyle!

Listing Details MLS# 2034605

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 2626
Living Area Source: Plans
Year Built: 2020
Lot Size Acres: 0.07
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
Stories Total: 2
Senior Community YN: No
Directions: From Nocatee Pkwy exit on Crosswater Pwky. Go North and continue onto Valley Ridge Blvd. Turn left into community on White Cypress Dr. Make a right then quick left.
Public Remarks: Former Toll Brother's model home in a gated community. Kitchen and Dining look out to lanai with peaceful preserve view. Convenient first-floor Master Bedroom and private Study. Upgraded WHITE cabinetry in Kitchen with beautiful QUARTZ countertops. OAK stairs with open stair railing at first floor lead to second floor featuring 3 spacious bedrooms and welcoming LOFT. Enjoy LESS MAINTENANCE and MORE of the Nocatee Lifestyle!
List Price/SqFt: 1.26
Sold Price/SqFt: 1.2

Property Features

Appliances: Dishwasher; Dryer; Gas Oven; Gas Range; Microwave; Refrigerator; Tankless Water Heater; Washer; Water Softener Owned Association Amenities: Community Pool Water Source: Public Parking Features: Attached; Garage Door Opener Utilities: Cable Available; Electricity Available; Natural Gas Available; Sewer Available; Water Available Cooling: Central Air Heating: Central

Contract Information

Property Sub Type: Townhouse
Listing Contract Date: 2024-06-30
Lease Term: 12 Months

Location Tax and Legal

Street Number: 26
Street Name: SUGAR MAGNOLIA
Street Suffix: Drive
State: FL
County: St. Johns
Postal Code: 32081
MLS Area Major: 271-Nocatee North
Subdivision Name: Oakwood At Nocatee

Status Change Information

Major Change Timestamp: 2025-02-01T12:21:57Z
Major Change Type: Status Change
Price Change Timestamp: 2024-11-17T22:29:03Z
Purchase Contract Date: 2025-01-14
Close Date: 2025-02-01
Close Price: 3150

Deposits and Fees

Additional Fee: 350
Application Fee: 45
Pet Fee/Deposit: 350
Security Deposit: 3800

More Information

Documents

Rental Application ›

Listing Office: LOKATION

Last Updated: March - 06 - 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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