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.

4 OCEAN TRACE Road 123, St. Johns, FL 32080 (MLS# 2136643)

4 OCEAN TRACE Road 123, St. Johns, FL 32080

$340,000

Property Type: Residential Bedrooms: 2 Baths: 2 Status: Closed

Current Price: $340,000 List Date: 3/25/2026 Last Modified: 3/25/2026

Overview

Description

Sold comps statistics only

Listing Details MLS# 2136643

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area Source: Public Records
Year Built: 1976
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: Yes
Association Fee: 676
Association Fee Frequency: Monthly
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Stories Total: Yes
Senior Community YN: No
Directions: Sold comps statistics only
Public Remarks: Sold comps statistics only

Property Features

Appliances: Refrigerator Utilities: Electricity Connected Cooling: Central Air Heating: Central Water Source: Public Parking Features: Unassigned Current Use: Residential Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Condominium
Property Attached YN: Yes
Listing Contract Date: 2025-12-12
Unit Type: End Unit

Location Tax and Legal

Street Number: 4
Street Name: OCEAN TRACE
Street Suffix: Road
County: St. Johns
State: FL
Postal Code: 32080
MLS Area Major: 331-St Augustine Beach
Subdivision Name: St Augustine Beach & Tenn

Status Change Information

Major Change Timestamp: 2026-03-25T18:23:23Z
Major Change Type: Status Change
Purchase Contract Date: 2025-12-30
Close Date: 2026-02-13
Close Price: 340000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: DJ & LINDSEY REAL ESTATE

Last Updated: March - 25 - 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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