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.

278 SPRUCE HILL Point, St. Johns, FL 32259 (MLS# 2083204)

278 SPRUCE HILL Point, St. Johns, FL 32259

$509,408

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,787 Lot Size (sq. ft.): 5,663 Status: Closed

Current Price: $509,408 List Date: 4/22/2025 Last Modified: 10/16/2026

Overview

Description

Comp purposes...Brand new build

Listing Details MLS# 2083204

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1787
Living Area Source: Builder
Year Built: 2025
Lot Size Acres: 0.13
Association YN: Yes
Association Fee: 53
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 3518.75
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2025-03-15
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Entry Level: Yes
Senior Community YN: No
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, RiverTown Welcome Center is on the right
Public Remarks: Comp purposes...Brand new build
List Price/SqFt: 285.11
Sold Price/SqFt: 285.06

Property Features

Levels: One Appliances: Refrigerator Interior Features: Kitchen Island Laundry Features: In Unit Utilities: Cable Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Roof: Shingle Parking Features: Attached; Garage Current Use: Residential Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2025-01-14

Location Tax and Legal

Street Number: 278
Street Name: SPRUCE HILL
Street Suffix: Point
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Rivertown Bluffs

Status Change Information

Major Change Timestamp: 2025-04-22T19:14:42Z
Major Change Type: Status Change
Purchase Contract Date: 2025-01-14
Close Date: 2025-04-02
Close Price: 509408

DPR Eligible

DPR Eligible: No

More Information

Listing Office: NON MLS (realMLS)

Last Updated: October - 16 - 2026

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.