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.

303 PHEASANT Run, Ponte Vedra, FL 32082 (MLS# 2068019)

303 PHEASANT Run, Ponte Vedra, FL 32082

$465,000

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303 Pheasant Run (18).jpg-SMALL - Copy -

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,427 Lot Size (sq. ft.): 7,405 Status: Closed

Current Price: $465,000 List Date: 2/04/2025 Last Modified: 3/11/2025

Overview

Description

Located in highly desirable beautiful Ponte Vedra Beach within walking distance to the beach, dining, shopping and in A+ school district. Featuring an open floor plan, plantation shutters,enclosed porch, overlooking a huge fenced in back yard. Porch can be easily heated and cooled with portable unit for additional living and entertaining area. A/C is 3 years old and water heater is 5 years old. Seller will replace roof. Please see Documents for offer instructions and disclosurers to be submitted with offer.

Listing Details MLS# 2068019

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1427
Living Area Source: Assessor
Year Built: 1986
Homestead YN: Yes
Lot Size Acres: 0.17
Association YN: Yes
Association Fee: 352.49
Association Fee Frequency: Annually
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: No
Directions: A1A West on Solano RD, right on Solano Woods DR, Left on Pheasant Run
Public Remarks: Located in highly desirable beautiful Ponte Vedra Beach within walking distance to the beach, dining, shopping and in A+ school district. Featuring an open floor plan, plantation shutters,enclosed porch, overlooking a huge fenced in back yard. Porch can be easily heated and cooled with portable unit for additional living and entertaining area. A/C is 3 years old and water heater is 5 years old. Seller will replace roof. Please see Documents for offer instructions and disclosurers to be submitted with offer.
List Price/SqFt: 349.68
Sold Price/SqFt: 325.86

Property Features

Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Refrigerator Flooring: Carpet; Laminate; Tile Utilities: Cable Connected Cooling: Central Air; Electric Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Patio And Porch Features: Glass Enclosed; Rear Porch Roof: Shingle Parking Features: Attached; Garage Door Opener Fencing: Back Yard Current Use: Single Family 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: 2025-01-28

Location Tax and Legal

Street Number: 303
Street Name: PHEASANT
Street Suffix: Run
County: St. Johns
State: FL
Postal Code: 32082
MLS Area Major: 252-Ponte Vedra Beach-W Of A1A-N Of Solana Rd
Subdivision Name: Solano Woods

Status Change Information

Major Change Timestamp: 2025-03-11T23:27:40Z
Major Change Type: Status Change
Price Change Timestamp: 2025-02-15T21:15:39Z
Purchase Contract Date: 2025-02-17
Close Date: 2025-03-10
Close Price: 465000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Documents

OFFER INSTRUCTIONS ›

HOA Disclosure ›

Seller Property Disclosure ›

Flood Disclosure ›

Buyer Seller dDsclosure ›

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: March - 11 - 2025

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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