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.

295 PALOMAR Drive, St. Johns, FL 32259 (MLS# 2156659)

295 PALOMAR Drive, St. Johns, FL 32259

$560,000

Virtual Tour

https://www.zillow.com/view-imx/18708076-3b50-4d8a-bf4d-51e02ced7b8d?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,126 Status: Closed

Current Price: $560,000 List Date: 7/23/2026 Last Modified: 11/02/2026

Overview

Description

PUBLIC OPEN HOUSE 8/8 11-1pm*****Better than new and loaded with thoughtful upgrades, this 2025-built home in desirable Rivertown Ravines offers a rare combination of modern construction and premium post-closing improvements. Featuring 3 bedrooms, 2 bathrooms, and over 2,100 square feet, this home showcases an open-concept layout designed for both everyday living and entertaining. Significant owner upgrades include a fully fenced backyard, extended concrete patio, screened lanai, screened front entry, custom landscape retaining wall, exterior lighting, French drains with improved downspout drainage, water softener, UV water purification system, ADT security system with cameras, electronic smart locks, upgraded ceiling fans throughout, laundry room utility sink, additional storage solutions, overhead garage storage, finished garage floor, and an extended paver driveway. The air conditioning unit has also been thoughtfully relocated to maximize usable outdoor living space.

Supplements: Better than new and loaded with thoughtful upgrades, this beautifully maintained 2025 home in Rivertown Ravines offers the perfect combination of modern construction and extensive owner enhancements. Featuring 3 bedrooms, 2 bathrooms, and over 2,100 square feet of thoughtfully designed living space, this home is truly move-in ready. The open-conce ... (Read more)

Listing Details MLS# 2156659

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2126
Living Area Source: Public Records
Year Built: 2025
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Association YN: Yes
Association Fee: 53
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 3297
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
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Directions: From 1-95, 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: PUBLIC OPEN HOUSE 8/8 11-1pm*****Better than new and loaded with thoughtful upgrades, this 2025-built home in desirable Rivertown Ravines offers a rare combination of modern construction and premium post-closing improvements. Featuring 3 bedrooms, 2 bathrooms, and over 2,100 square feet, this home showcases an open-concept layout designed for both everyday living and entertaining. Significant owner upgrades include a fully fenced backyard, extended concrete patio, screened lanai, screened front entry, custom landscape retaining wall, exterior lighting, French drains with improved downspout drainage, water softener, UV water purification system, ADT security system with cameras, electronic smart locks, upgraded ceiling fans throughout, laundry room utility sink, additional storage solutions, overhead garage storage, finished garage floor, and an extended paver driveway. The air conditioning unit has also been thoughtfully relocated to maximize usable outdoor living space.
List Price/SqFt: 269.94
Sold Price/SqFt: 263.41

Property Features

Architectural Style: Traditional Levels: One Appliances: Dishwasher; Disposal; Double Oven; Dryer; Gas Range; Microwave; Washer; Water Softener Owned Interior Features: Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Smart Thermostat; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: In Unit Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Smart Home Features: Carbon Monoxide Detector; Programmable Thermostat; Smoke Detector Construction Materials: Frame Patio And Porch Features: Covered; Patio; Screened Roof: Shingle Parking Features: Attached; Garage Lot Features: Cul-De-Sac Fencing: Back Yard Current Use: Residential; Single Family Association Amenities: Basketball Court; Clubhouse; Community Pool; Dog Park; Fitness Center; Jogging Path; Park; Playground; Tennis Court(s) Road Surface Type: Paved Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Financing; Inspection