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.

38 CABOT Place, St. Johns, FL 32259 (MLS# 1033079)

38 CABOT Place, St. Johns, FL 32259

$400,000

Virtual Tour

https://my.matterport.com/show/?m=CaxgG9vaMVT

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,545 Status: Closed

Current Price: $400,000 List Date: 1/14/2020 Last Modified: 1/21/2026

Overview

Description

This stunning two-story Beauclair Craftsman offers incredible living with lots of sunlight streaming through from your lanai, giving you access to a great sized backyard on a peaceful Preserve homesite! Additional features include a gourmet kitchen, with stainless steel appliances, a study enclosed with 8' French doors, and a bonus room complete with its own private bathroom. Ready Now!

Listing Details MLS# 1033079

General Property Information

Bedrooms Total: 3
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2545
Living Area Source: Plans
Year Built: 2020
Association YN: Yes
Association Fee: 55
Association Fee Frequency: Annually
Association Name: Floridian Property
Association Phone: 904-592-4090
CDD Fee YN: Yes
CDD Fee Amount: 2322
New Construction YN: Yes
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From I-95, exit 329 for CR 210 toward Green Cove Springs, West onto CR 210, continue straight onto Greenbriar Rd, turn left on Longleaf Pine Prkwy, RiverTown Welcome Center is on the right.
Public Remarks: This stunning two-story Beauclair Craftsman offers incredible living with lots of sunlight streaming through from your lanai, giving you access to a great sized backyard on a peaceful Preserve homesite! Additional features include a gourmet kitchen, with stainless steel appliances, a study enclosed with 8' French doors, and a bonus room complete with its own private bathroom. Ready Now!
List Price/SqFt: 157.17
Sold Price/SqFt: 157.17

Property Features

Approx Parcel Size: Less than .25 Acre Accessibility Features: Accessible Common Area Appliances: Dishwasher; Disposal; Gas Range Interior Features: Kitchen Island; Walk-In Closet(s) Flooring: Tile Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Fiber Cement; Frame Patio And Porch Features: Porch; Screened Pool Features: None Roof: Shingle Parking Features: Attached; Garage Lot Features: Sprinklers In Front; Sprinklers In Rear Current Use: Residential; Single Family Association Amenities: Basketball Court; Boat Dock; Community Pool; Fitness Center; Jogging Path; Playground; Tennis Court(s); Trash Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2020-01-14

Location Tax and Legal

Street Number: 38
Street Name: CABOT
Street Suffix: Place
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Rivertown

Status Change Information

Major Change Timestamp: 2023-11-14T10:22:09Z
Major Change Type: Price Reduced
Price Change Timestamp: 2020-05-06T14:08:01Z
Purchase Contract Date: 2020-06-16
Close Date: 2020-07-24
Close Price: 400000

Historical Information

Public Historical Remarks 1: Structure Builder: Mattamy Homes
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Club Amenities-Bike Path: Y, Soccer Field(s): Y, Baseball Field(s): Y, Interior Amenities-Sliding Glass Door(s): Y, Interior Amenities-French Door(s): Y, Structure Slab: Y

More Information

Room Information

Room Name
Office

Listing Office: MATTAMY REAL ESTATE SERVICES

Last Updated: January - 21 - 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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