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.

398 WAMBAW Drive, St. Johns, FL 32259 (MLS# 2146095)

398 WAMBAW Drive, St. Johns, FL 32259

$650,000

Virtual Tour

https://www.zillow.com/view-imx/3add41c0-526e-4264-9525-b901ae2c5a6f?wl=true&setAttribution=mls&initialViewType=pano

Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 3,528 Lot Size (sq. ft.): 6,534 Status: Closed

Current Price: $650,000 List Date: 5/19/2026 Last Modified: 7/10/2026

Overview

Description

Tucked away on a cul-de-sac lot in sought-after Rivertown, this 5 bedroom, 4.5 bathroom home offers a spacious and functional layout with a dedicated office and upstairs loft, all while being just a short distance from the new Rivertown K-8 school and one of the community's amenity centers. Designed with flexibility in mind, the home features two guest suites with attached bathrooms (one downstairs and one upstairs), making it ideal for guests or multi-generational living. The screened lanai overlooks the fully fenced backyard and preserve setting, creating a great space to unwind or entertain outdoors. Seller is offering a $3,500 paint credit with an acceptable offer, giving buyers the opportunity to make the home their own. Additional upgrades include custom laundry room cabinetry, built-in shelving in the office, and a custom closet system in the owner's suite. Residents of Rivertown enjoy access to resort-style amenities including pools, a lazy river, fitness center,

Supplements: walking trails, playgrounds, an amphitheater, and a neighborhood cafe overlooking the St. Johns River.

Listing Details MLS# 2146095

General Property Information

Bedrooms Total: 5
Bathrooms Full: 4
Bathrooms Half: Yes
Bathrooms Total: 5
Living Area: 3528
Living Area Source: Public Records
Year Built: 2024
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.15
Association YN: Yes
Association Fee: 55
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 3440.67
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Senior Community YN: No
Directions: From Rivertown Mainstreet turn on Twilight Tear Way into The Settlement, turn right on Wambaw, the home is on the right in the cul de sac at the end of the street.
Public Remarks: Tucked away on a cul-de-sac lot in sought-after Rivertown, this 5 bedroom, 4.5 bathroom home offers a spacious and functional layout with a dedicated office and upstairs loft, all while being just a short distance from the new Rivertown K-8 school and one of the community's amenity centers. Designed with flexibility in mind, the home features two guest suites with attached bathrooms (one downstairs and one upstairs), making it ideal for guests or multi-generational living. The screened lanai overlooks the fully fenced backyard and preserve setting, creating a great space to unwind or entertain outdoors. Seller is offering a $3,500 paint credit with an acceptable offer, giving buyers the opportunity to make the home their own. Additional upgrades include custom laundry room cabinetry, built-in shelving in the office, and a custom closet system in the owner's suite. Residents of Rivertown enjoy access to resort-style amenities including pools, a lazy river, fitness center,
List Price/SqFt: 192.46
Sold Price/SqFt: 184.24

Property Features

Levels: Two Appliances: Dishwasher; Disposal; Electric Oven; Gas Range; Gas Water Heater; Microwave; Refrigerator; Tankless Water Heater Interior Features: Built-in Features; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Guest Suite; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Composition Siding Patio And Porch Features: Front Porch; Patio; Rear Porch; Screened Roof: Shingle Parking Features: Garage Lot Features: Cul-De-Sac View: Trees/Woods Fencing: Back Yard Current Use: Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Jogging Path; Park; Pickleball; Playground; Tennis Court(s); Other Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan