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.

299 TATE Lane, St. Johns, FL 32259 (MLS# 1199591)

299 TATE Lane, St. Johns, FL 32259

$3,900

Property Type: Residential Lease Bedrooms: 5 Baths: 4 Square Footage: 2,777 Status: Closed

Current Price: $3,900 List Date: 11/05/2022 Last Modified: 5/22/2026

Overview

Description

This stunning, like-new, 5 bedroom family home is located near the end of a cul-de-sac in the small & upscale community of Mill Creek Plantation. Just minutes from the new Publix shopping area, and the world-famous A-rated St Johns schools. Featuring tile floors downstairs including the master suite and carpet in the upstairs bedrooms, with quartz counters & stainless appliances in the spacious kitchen. Your private backyard oasis includes a gorgeous screened and gas-heated salt water pool & spa with paver patio. Pool & yard maintenance included!

Listing Details MLS# 1199591

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 2777
Living Area Source: Public Records
Year Built: 2020
Association YN: No
Association Fee Frequency: One Time
Garage Spaces: 3
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From CR-210 head West to Greenbriar, go past the Publix area and turn right into Rubicon and left on Tate.
Public Remarks: This stunning, like-new, 5 bedroom family home is located near the end of a cul-de-sac in the small & upscale community of Mill Creek Plantation. Just minutes from the new Publix shopping area, and the world-famous A-rated St Johns schools. Featuring tile floors downstairs including the master suite and carpet in the upstairs bedrooms, with quartz counters & stainless appliances in the spacious kitchen. Your private backyard oasis includes a gorgeous screened and gas-heated salt water pool & spa with paver patio. Pool & yard maintenance included!
List Price/SqFt: 1.4
Sold Price/SqFt: 1.4

Property Features

Appliances: Gas Range; Gas Water Heater Pool Features: In Ground; Gas Heat; Screen Enclosure Spa Features: Private Cooling: Central Air Heating: Central Road Surface Type: Concrete Pets Allowed: No

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2022-11-05
Lease Term: 12 Months

Location Tax and Legal

Street Number: 299
Street Name: TATE
Street Suffix: Lane
State: FL
County: St. Johns
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Mill Creek Plantation

Status Change Information

Major Change Timestamp: 2022-11-23T22:39:38Z
Major Change Type: Status Change
Purchase Contract Date: 2022-11-06
Close Date: 2022-11-22
Close Price: 3900

Deposits and Fees

Application Fee: 35
Security Deposit: 3900

More Information

Historical Information

Public Historical Remarks 1: Water - Public: Y, Assoc Appl Fee: N, Tenant Pays All Utilities: Y, lot Location-Cul-de-sac: Y, Roof: Shingle, Per Period: 3900
Public Historical Remarks 2: Occupancy: Immediate, Sewer - Public: Y, Exterior Wall: Cementitious Siding, Min Lease/Rent Term: 12 mth
Public Historical Remarks 3: Date Available: 11-5-22

Listing Office: SELECT REALTY LLC

Last Updated: May - 22 - 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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