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.

40 SILK OAK Court, Ponte Vedra, FL 32081 (MLS# 1260562)

40 SILK OAK Court, Ponte Vedra, FL 32081

$3,500

Property Type: Residential Lease Bedrooms: 3 Baths: 3 Square Footage: 2,263 Status: Closed

Current Price: $3,500 List Date: 12/07/2023 Last Modified: 3/01/2025

Overview

Description

Beautiful 3 bed, 2.5 bath townhome in Nocatee also offers an office, and laundry room off the primary suite! Enjoy a fully upgraded kitchen featuring high-end KitchenAid appliances, gas stove, and beautiful lighting. Other features include, first floor primary suite, downstairs flex space, 2 car garage, water softener, paver driveway, and screened lanai. The secondary bedrooms are upstairs with a large loft area. This neighborhood is gated and located in the St Johns County School Zone. Application fee $75 per person 18 & older. Processing fee $125. Application Instructions and Sample Lease will be provided by showing agent.

Listing Details MLS# 1260562

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2263
Living Area Source: Public Records
Year Built: 2021
Association YN: No
Association Fee Frequency: One Time
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Stories Total: 2
Directions: South on Crosswater Pkwy toward Bluewater Dr U-turn at Bluewater Dr take the 2nd exit and stay on Crosswater Pkwy left onto White Cyress Dr - go straight on Silk Oak Ct.
Public Remarks: Beautiful 3 bed, 2.5 bath townhome in Nocatee also offers an office, and laundry room off the primary suite! Enjoy a fully upgraded kitchen featuring high-end KitchenAid appliances, gas stove, and beautiful lighting. Other features include, first floor primary suite, downstairs flex space, 2 car garage, water softener, paver driveway, and screened lanai. The secondary bedrooms are upstairs with a large loft area. This neighborhood is gated and located in the St Johns County School Zone. Application fee $75 per person 18 & older. Processing fee $125. Application Instructions and Sample Lease will be provided by showing agent.
List Price/SqFt: 1.66
Sold Price/SqFt: 1.55

Property Features

Appliances: Dishwasher; Gas Range; Ice Maker; Microwave; Refrigerator Interior Features: Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Walk-In Closet(s) Patio And Porch Features: Screened Pool Features: None Association Amenities: Children's Pool; Clubhouse; Community Pool; Fitness Center; Playground; Tennis Court(s) Fencing: Back Yard Utilities: Natural Gas Available Cooling: Central Air Heating: Central Road Surface Type: Asphalt Pets Allowed: Yes

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: Yes
Listing Contract Date: 2023-12-07
Lease Term: 12 Months

Location Tax and Legal

Street Number: 40
Street Name: SILK OAK
Street Suffix: Court
State: FL
County: St. Johns
Postal Code: 32081
MLS Area Major: 271-Nocatee North
Subdivision Name: Oakwood At Nocatee

Status Change Information

Major Change Timestamp: 2024-02-05T20:38:54Z
Major Change Type: Status Change
Purchase Contract Date: 2024-01-22
Close Date: 2024-02-01
Close Price: 3500

Deposits and Fees

Application Fee: 75
Pet Fee/Deposit: 500
Security Deposit: 3850

More Information

Historical Information

Public Historical Remarks 1: Water - Public: Y, Assoc Appl Fee: N, Tenant Pays All Utilities: Y, Wall-to-Wall Carpet: Y, Ceramic Tile: Y, Common Club Amenities-Club Facilities: Y, Dining-Kitchen/Family Combo: Y
Public Historical Remarks 2: Occupancy: Immediate, Sewer - Public: Y, Bath-Garden Bath: Y, Townhouse: Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 3: Date Available: NOW, Occupant Type: Gated, See ShowingAssist, Vacant -Lockbox

Room Information

Room Name
Office
Loft

Documents

Rental Process ›

Sample Lease ›

Listing Office: FLORIDA NETWORK PROPERTY MANAGEMENT

Last Updated: March - 01 - 2025

Information deemed reliable but not guaranteed.

Search powered by FBS Products

Let’s Connect

Contact Detail

Newsletter

Subscribe to Zelda’s Market Updates & Newsletter

By submitting this form, you are consenting to receive marketing emails from: Go Zelda. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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.

Compare listings

Compare