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.

36 FRANKLIN Avenue, Ponte Vedra Beach, FL 32082 (MLS# 2075451)

36 FRANKLIN Avenue, Ponte Vedra Beach, FL 32082

$1,355,000

Welcome to Coastal Cottage at 36 Franklin Avenue Ponte Vedra Beach, Florida

Virtual Tour

https://www.zillow.com/view-imx/4fe6ea49-fcac-413d-acfa-892669370990?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,756 Lot Size (sq. ft.): 8,276 Status: Closed

Current Price: $1,355,000 List Date: 3/13/2025 Last Modified: 5/01/2025

Overview

Description

All Offers submitted by 3/18/25 at 9 pm. You will find Coastal Charm in this Beach Bungalow EAST of A1A. Prime location on a dead end street in Ponte Vedra Beach, Florida! Character, charm and warmth, this home has been updated but yet maintained the beach bungalow feel. Renovated!! New Roof in 2024, New HVAC and Water Heater, New floors, updated kitchen, new appliances, Electrical was redone, the plumbing was redone, ADDED a half bathroom, butler pantry AND a POOL! The attic was insulated, the crawlspace was encapsulated, This home has such charm with the tongue & groove hardwood ceilings and walls. It has been repainted inside and out. Lots of natural Sunlight. Fireplace is a nice central focal point in the family room. The garage was finished and updated to include a new roof over the garage. Upgraded Pavers and artificial turf with white pebble rocks were used to create a true Florida lifestyle pool oasis in the backyard.

Supplements: Prime location in St Johns Seaview Park neighborhood! Walk to the beach and enjoy summers between the pool and the beach! Walking distance to the Ponte Vedra Clubs and beach access just a few steps away. This home is East of A1A with NO CDDs and NO HOAs.

Listing Details MLS# 2075451

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1756
Living Area Source: Appraiser
Year Built: 1950
Homestead YN: Yes
Lot Size Acres: 0.19
Association YN: No
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: Yes
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Directions: East on JTB, South on A1A, East on Solana Road, Left on Golf View Circle (before the church), left on Franklin Avenue
Public Remarks: All Offers submitted by 3/18/25 at 9 pm. You will find Coastal Charm in this Beach Bungalow EAST of A1A. Prime location on a dead end street in Ponte Vedra Beach, Florida! Character, charm and warmth, this home has been updated but yet maintained the beach bungalow feel. Renovated!! New Roof in 2024, New HVAC and Water Heater, New floors, updated kitchen, new appliances, Electrical was redone, the plumbing was redone, ADDED a half bathroom, butler pantry AND a POOL! The attic was insulated, the crawlspace was encapsulated, This home has such charm with the tongue & groove hardwood ceilings and walls. It has been repainted inside and out. Lots of natural Sunlight. Fireplace is a nice central focal point in the family room. The garage was finished and updated to include a new roof over the garage. Upgraded Pavers and artificial turf with white pebble rocks were used to create a true Florida lifestyle pool oasis in the backyard.
List Price/SqFt: 768.22
Sold Price/SqFt: 771.64

Property Features

Architectural Style: Ranch Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Disposal; Gas Range; Microwave; Refrigerator; Washer/Dryer Stacked Interior Features: Breakfast Nook; Butler Pantry; Ceiling Fan(s); Pantry; Primary Bathroom - Shower No Tub; Smart Thermostat; Walk-In Closet(s) Flooring: Tile; Vinyl Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected; Propane Cooling: Central Air Heating: Central Water Source: Public Construction Materials: Frame; Vinyl Siding Patio And Porch Features: Front Porch Pool Features: In Ground; Fenced Roof: Shingle Parking Features: Garage; Garage Door Opener Lot Features: Dead End Street Fencing: Back Yard; Full; Privacy; Vinyl Current Use: Residential; Single Family Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-03-13

Location Tax and Legal

Street Number: 36
Street Name: FRANKLIN
Street Suffix: Avenue
County: St. Johns
State: FL
Postal Code: 32082
MLS Area Major: 251-Ponte Vedra Beach-E Of A1A-N Of Corona Rd
Subdivision Name: St Johns Seaview Pk

Status Change Information

Major Change Timestamp: 2025-05-01T13:54:49Z
Major Change Type: Status Change
Purchase Contract Date: 2025-03-27
Close Date: 2025-05-01
Close Price: 1355000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Listing Office: CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST

Last Updated: May - 01 - 2025

Information deemed reliable but not guaranteed.