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.

283 LITTLE BEAR Run, St. Johns, FL 32092 (MLS# 1241164)

283 LITTLE BEAR Run, St. Johns, FL 32092

$499,990

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,077 Status: Closed

Current Price: $499,990 List Date: 8/04/2023 Last Modified: 2/18/2026

Overview

Description

This thoughtfully designed home opens with two bedrooms flanking a bath. Further down the foyer, you'll find an open layout with a dining nook, a great room with access to the covered patio, and an inviting kitchen with a center island. The primary suite is adjacent, and offers a generous walk-in closet and a private bath with dual sinks, a shower, and a separate soaking tub. A fourth bedroom and a laundry complete the home. ASK ABOUT BELOW-MARKET INTEREST RATES!

Listing Details MLS# 1241164

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2077
Living Area Source: Plans
Year Built: 2023
Association YN: Yes
Association Fee: 1224
Association Fee Frequency: Annually
Association Name: Richmond American
Association Phone: 904-461-5556
CDD Fee YN: No
New Construction YN: Yes
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: Take exit 318 from I-95 N, Merge onto FL-16 W Continue straight onto FL-16A W Continue straight onto Longleaf Pine Pkwy Turn left onto Little Bear Run community on your left
Public Remarks: This thoughtfully designed home opens with two bedrooms flanking a bath. Further down the foyer, you'll find an open layout with a dining nook, a great room with access to the covered patio, and an inviting kitchen with a center island. The primary suite is adjacent, and offers a generous walk-in closet and a private bath with dual sinks, a shower, and a separate soaking tub. A fourth bedroom and a laundry complete the home. ASK ABOUT BELOW-MARKET INTEREST RATES!
List Price/SqFt: 240.73
Sold Price/SqFt: 240.73

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Property Condition: Under Construction Appliances: Dishwasher; Disposal; Electric Range Interior Features: Eat-in Kitchen; Kitchen Island; Pantry; Primary Downstairs; Walk-In Closet(s) Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Patio And Porch Features: Covered; Patio Pool Features: None Parking Features: Attached; Garage Current Use: Residential Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2023-08-04

Location Tax and Legal

Street Number: 283
Street Name: LITTLE BEAR
Street Suffix: Run
County: St. Johns
State: FL
Postal Code: 32092
MLS Area Major: 304- 210 South
Subdivision Name: Grand Creek South

Status Change Information

Major Change Timestamp: 2023-12-20T18:00:08Z
Major Change Type: Status Change
Price Change Timestamp: 2023-10-18T00:52:30Z
Purchase Contract Date: 2023-10-23
Close Date: 2023-12-15
Close Price: 499990

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Kitchen-Solid Surface Countertops: Y, Structure Builder: Richmond American
Public Historical Remarks 2: Dining-Living/Dining Combo: Y, Interior Amenities-Structured Wiring: Y, Interior Amenities-Sliding Glass Door(s): Y
Public Historical Remarks 3: Occupant Type: Appointment, Vacant

Room Information

Room Name
Primary Bedroom
Bedroom 1
Bedroom 2
Bedroom 3
Kitchen
Living Room

Listing Office: THE REALTY EXPERIENCE POWERED

Last Updated: February - 18 - 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.

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