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.

400 MALLOWBRANCH Drive, St. Johns, FL 32259 (MLS# 863914)

400 MALLOWBRANCH Drive, St. Johns, FL 32259

$230,000

Virtual Tour

http://www.tourfactory.com/1710026

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,947 Status: Closed

Current Price: $230,000 List Date: 1/24/2017 Last Modified: 6/30/2026

Overview

Description

this spacious home sits on a large fenced corner lot in small Julington Creek subdivision. Low cdd fees . Great floor plan with large kitchen open to family room & featuring 2 pantries * Lots of light * high ceilings * Split floor plan * Wood floor and ceramic tile in all common areas *

Listing Details MLS# 863914

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1947
Living Area Source: Public Records
Year Built: 2003
Homestead YN: Yes
Association YN: Yes
Association Fee: 420
Association Fee Frequency: Annually
Association Name: julington creek plan
Association Phone: 9048808796
CDD Fee YN: Yes
CDD Fee Amount: 724
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: SR 13 south to left on RAce TRack Rd to Right in Dragonfly to Right on Betony Branch to home on corner of Mallowbranch Dr.
Public Remarks: this spacious home sits on a large fenced corner lot in small Julington Creek subdivision. Low cdd fees . Great floor plan with large kitchen open to family room & featuring 2 pantries * Lots of light * high ceilings * Split floor plan * Wood floor and ceramic tile in all common areas *
List Price/SqFt: 121.98
Sold Price/SqFt: 118.13

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Electric Range; Electric Water Heater; Microwave Interior Features: Breakfast Bar; Entrance Foyer; Primary Bathroom - Tub with Shower; Split Bedrooms; Walk-In Closet(s) Flooring: Tile; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Stucco Patio And Porch Features: Covered; Patio; Porch; Screened Pool Features: None Roof: Shingle Parking Features: Attached; Garage Lot Features: Corner Lot Fencing: Back Yard Current Use: Residential Association Amenities: Children's Pool; Community Pool; Fitness Center; Golf Course; Tennis Court(s) 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: 2017-01-24

Location Tax and Legal

Street Number: 400
Street Name: MALLOWBRANCH
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Julington Creek

Status Change Information

Major Change Timestamp: 2017-03-01T17:04:37Z
Major Change Type: Status Change
Purchase Contract Date: 2017-02-13
Close Date: 2017-02-28
Close Price: 230000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Football Field(s): Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Soccer Field(s): Y

Documents

survey ›

Listing Office: BLUE KEY PROPERTIES

Last Updated: June - 30 - 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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