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.

264 VALLEY FALLS Way, St. Johns, FL 32259 (MLS# 2067367)

264 VALLEY FALLS Way, St. Johns, FL 32259

$500,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,395 Lot Size (sq. ft.): 6,534 Status: Closed

Current Price: $500,000 List Date: 7/29/2025 Last Modified: 7/16/2026

Overview

Description

This gorgeous Toll Brothers home has nearly $80k in outstanding design selections, making it a perfect blend of luxury & comfort. There are 3 bedrooms, 3 full bathrooms and a study / office plus a loft, so there's room for the whole family & to work from home if needed! This like-new home enjoys a preserve lot with plenty of back yard space. The gated, natural gas community of Mill Creek Forest is located in the heart of St. Johns County and just a short drive to the exceptional local schools and stores. The amenity center features a resort-style swimming pool, community fitness center, pickleball courts and tennis courts.

Listing Details MLS# 2067367

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2395
Living Area Source: Public Records
Year Built: 2023
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.15
Association YN: Yes
Association Fee: 153
Association Fee Frequency: Monthly
CDD Fee YN: No
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: No
Waterfront YN: No
Stories: 2
Senior Community YN: No
Directions: From I-95 exit at 329 Green Cove Springs, head West on CR-210, continue onto Greenbriar Rd. Mill Creek Forest will be a right.
Public Remarks: This gorgeous Toll Brothers home has nearly $80k in outstanding design selections, making it a perfect blend of luxury & comfort. There are 3 bedrooms, 3 full bathrooms and a study / office plus a loft, so there's room for the whole family & to work from home if needed! This like-new home enjoys a preserve lot with plenty of back yard space. The gated, natural gas community of Mill Creek Forest is located in the heart of St. Johns County and just a short drive to the exceptional local schools and stores. The amenity center features a resort-style swimming pool, community fitness center, pickleball courts and tennis courts.
List Price/SqFt: 217.08
Sold Price/SqFt: 208.77

Property Features

Levels: Two Appliances: Dishwasher; Disposal; Dryer; Electric Oven; Gas Cooktop; Washer Interior Features: Breakfast Bar Flooring: Carpet; Tile Laundry Features: Sink Utilities: Cable Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Parking Features: Attached; Garage Current Use: Residential Association Amenities: Community Pool; Fitness Center; Pickleball; Tennis Court(s) Road Frontage Type: Private Road Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Inspection

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-01-29

Location Tax and Legal

Street Number: 264
Street Name: VALLEY FALLS
Street Suffix: Way
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Mill Creek Forest

Status Change Information

Major Change Timestamp: 2026-07-16T16:47:42Z
Major Change Type: Status Change
Price Change Timestamp: 2026-06-08T22:34:09Z
Purchase Contract Date: 2026-06-29
Close Date: 2026-07-10
Close Price: 500000

DPR Eligible

DPR Eligible: No

More Information

Documents

HOA disclosure ›

HOA rules & regs ›

Sellers' disclosure ›

Listing Office: SELECT REALTY LLC

Last Updated: July - 16 - 2026

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare