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 WALNUT Drive, St. Johns, FL 32259 (MLS# 2031201)

400 WALNUT Drive, St. Johns, FL 32259

$339,900

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,321 Lot Size (sq. ft.): 3,049 Status: Closed

Current Price: $339,900 List Date: 6/13/2024 Last Modified: 5/29/2026

Overview

Description

Beautiful end unit townhouse with a two car garage in a gated community close to interstate, shopping and top-rated Schools. As you enter the fully tiled downstairs level, you feel the spaciousness of the 10' ceilings leading you to the open floor plan. Kitchen has large pantry, all appliances, 42'' dark wood cabinets and granite counter-tops, boasting an island with breakfast bar, and dining area open to the family room and half-bath. Upstairs you'll find three bedrooms, two baths, a loft, and laundry area. Primary bedroom is large with a sitting area. Private screened lanai overlooks preserve. Community has beautiful ponds, a swimming pool with a kid pool area, playground and tennis/basketball courts. Being on the northern line of St. John's county, this highly sought after location offers close proximity to Nocatee, Bartram and Durbin areas, as well as a short distance to St. Augustine or Jacksonville events. Schedule your viewing today- it won't last long!

Listing Details MLS# 2031201

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1728
Living Area Source: Public Records
Building Area Total: 2321
Year Built: 2012
Lot Size Acres: 0.07
Association YN: Yes
Association Fee: 295
Association Fee Frequency: Monthly
Association Name: The Crossings at Cypress Trace HOA
Association Phone: 904-490-8191
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Water Body Access YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Senior Community YN: No
Directions: From 295, take Phillips Highway S. Turn right on Racetrack Rd. Turn left on N. Big Cypress Drive. Go through gate. Turn right on Walnut Dr. First home on right.
Public Remarks: Beautiful end unit townhouse with a two car garage in a gated community close to interstate, shopping and top-rated Schools. As you enter the fully tiled downstairs level, you feel the spaciousness of the 10' ceilings leading you to the open floor plan. Kitchen has large pantry, all appliances, 42'' dark wood cabinets and granite counter-tops, boasting an island with breakfast bar, and dining area open to the family room and half-bath. Upstairs you'll find three bedrooms, two baths, a loft, and laundry area. Primary bedroom is large with a sitting area. Private screened lanai overlooks preserve. Community has beautiful ponds, a swimming pool with a kid pool area, playground and tennis/basketball courts. Being on the northern line of St. John's county, this highly sought after location offers close proximity to Nocatee, Bartram and Durbin areas, as well as a short distance to St. Augustine or Jacksonville events. Schedule your viewing today- it won't last long!
List Price/SqFt: 196.7
Sold Price/SqFt: 196.7

Property Features

Architectural Style: Traditional Levels: Two Property Condition: Updated/Remodeled Appliances: Dishwasher; Disposal; Electric Cooktop; Electric Oven; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator Interior Features: Breakfast Bar; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Tub with Shower; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Upper Level; Washer Hookup Utilities: Cable Connected; Electricity Connected; Sewer Connected Cooling: Central Air Heating: Central; Electric Water Source: Public Sewer: Public Sewer Security Features: Fire Sprinkler System; Security Gate; Smoke Detector(s) Construction Materials: Frame; Stucco Patio And Porch Features: Covered; Rear Porch; Screened Pool Features: In Ground Roof: Shingle Parking Features: Additional Parking; Attached; Garage Lot Features: Corner Lot; Sprinklers In Front; Sprinklers In Rear View: Trees/Woods Current Use: Residential Association Amenities: Basketball Court; Children's Pool; Community Pool; Gated; Maintenance Grounds; Maintenance Structure; Management - Developer; Management - Off Site; Playground; Tennis Court(s) Association Fee Includes: Maintenance Grounds; Maintenance Structure; Pest Control Road Frontage Type: City Street Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Lender Approval