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.

321 N ELVERTON Place, St. Johns, FL 32259 (MLS# 731819)

321 N ELVERTON Place, St. Johns, FL 32259

$1,000

Property Type: Residential Lease Bedrooms: 3 Baths: 2 Square Footage: 1,692 Status: Closed

Current Price: $1,000 List Date: 8/11/2014 Last Modified: 8/04/2026

Overview

Description

Very nice short term rental property, perfect for someone that has sold their house and needs a nice place for just a few months. Home can be rented through the end of November.

Listing Details MLS# 731819

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1692
Living Area Source: Public Records
Year Built: 2001
Association YN: No
Association Fee Frequency: One Time
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: South on SR13, Left on Race Track Road, Right on 2nd Durbin Creek Blvd. Left on Oakwood Branch Dr, L on Sparrow Branch , Left on Carla Ln, R on N Elverton Pl, house on left.
Public Remarks: Very nice short term rental property, perfect for someone that has sold their house and needs a nice place for just a few months. Home can be rented through the end of November.
List Price/SqFt: 0.59
Sold Price/SqFt: 0.59

Property Features

Architectural Style: Ranch Appliances: Dishwasher; Electric Range; Refrigerator Interior Features: Split Bedrooms Patio And Porch Features: Patio Pool Features: None Association Amenities: Community Pool Fencing: Back Yard Cooling: Central Air Heating: Central; Heat Pump Road Surface Type: Asphalt Pets Allowed: Yes

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2014-08-11
Lease Term: Month To Month

Location Tax and Legal

Street Number: 321
Street Direction Prefix: N
Street Name: ELVERTON
Street Suffix: Place
State: FL
County: St. Johns
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Julington Creek Plan

Status Change Information

Major Change Timestamp: 2014-08-13T23:32:15Z
Major Change Type: Status Change
Purchase Contract Date: 2014-08-13
Close Date: 2014-08-13
Close Price: 1000

Fireplace Features

Fireplaces Total: Yes

More Information

Deposits and Fees

Application Fee: 50
Security Deposit: 1000

Historical Information

Public Historical Remarks 1: Water - Public: Y, Assoc Appl Fee: N, Roof: Shingle, Common Club Amenities-Club Facilities: Y
Public Historical Remarks 2: Pet Fee (Non Refund): Y, Occupancy: Immediate, Sewer - Public: Y, Parcel Size: Less than .25 acre
Public Historical Remarks 3: Date Available: NOW

Listing Office: APEX REALTY SERVICES

Last Updated: August - 04 - 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.