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.

402 PELTON Place, St. Johns, FL 32259 (MLS# 2085253)

402 PELTON Place, St. Johns, FL 32259

$529,000

Virtual Tour

https://my.matterport.com/show/?m=fUKV3EUC7G8&mls=1

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,917 Status: Closed

Current Price: $529,000 List Date: 5/03/2026 Last Modified: 6/01/2026

Overview

Description

LOT 253 - The Pier features a refined two-bedroom, two-bath design that seamlessly blends open-concept living with thoughtful functionality. A welcoming L-shaped porch leads into a grand foyer and a bright, airy family room, highlighted by a 12' sliding glass door that opens to an extended covered lanai--perfect for indoor-outdoor living. The kitchen, complete with an island and breakfast bar, flows into the dining area with a wet/dry bar, ideal for entertaining. A private hallway leads to the spacious Owner's Suite with a large walk-in closet and spa-inspired bath. A dedicated study near the foyer offers a quiet, versatile workspace. Located in WaterSong, an exclusive 55+ neighborhood within RiverTown, residents enjoy resort-style amenities, scenic trails, and a vibrant lifestyle along the St. Johns River.

Listing Details MLS# 2085253

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1917
Living Area Source: Plans
Year Built: 2024
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: Yes
Association Fee: 211
Association Fee Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 2883
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2025-09-02
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Senior Community YN: Yes
Direction Faces: Southwest
Directions: From I-95, Exit 329 for CR 210 toward Green Cove Springs, West onto CR 210, continue straight onto Greenbriar Rd, turn left on Longleaf Pine Pkwy. Turn right on Keystone Corners Blvd. Turn left on Mistflower Drive. Turn left on Pelton Place, then left on Hedgerow Street - Sales Center parking will be immediately on your right.
Public Remarks: LOT 253 - The Pier features a refined two-bedroom, two-bath design that seamlessly blends open-concept living with thoughtful functionality. A welcoming L-shaped porch leads into a grand foyer and a bright, airy family room, highlighted by a 12' sliding glass door that opens to an extended covered lanai--perfect for indoor-outdoor living. The kitchen, complete with an island and breakfast bar, flows into the dining area with a wet/dry bar, ideal for entertaining. A private hallway leads to the spacious Owner's Suite with a large walk-in closet and spa-inspired bath. A dedicated study near the foyer offers a quiet, versatile workspace. Located in WaterSong, an exclusive 55+ neighborhood within RiverTown, residents enjoy resort-style amenities, scenic trails, and a vibrant lifestyle along the St. Johns River.
List Price/SqFt: 275.95
Sold Price/SqFt: 275.95

Property Features

Levels: One Appliances: Dishwasher; Disposal; Dryer; Freezer; Gas Cooktop; Ice Maker; Microwave; Plumbed For Ice Maker; Refrigerator; Tankless Water Heater; Washer Interior Features: Breakfast Bar; Entrance Foyer; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Smart Thermostat; Walk-In Closet(s); Other Flooring: Carpet; Tile; Vinyl Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Washer Hookup Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Smart Home Features: Carbon Monoxide Detector; Programmable Thermostat; Smoke Detector Security Features: Carbon Monoxide Detector(s); Security Gate; Smoke Detector(s) Construction Materials: Fiber Cement; Frame Patio And Porch Features: Covered; Patio; Porch; Screened Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Cul-De-Sac; Many Trees; Sprinklers In Front; Sprinklers In Rear View: Protected Preserve; Trees/Woods Current Use: Residential Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Gated; Jogging Path; Maintenance Grounds; Management - Full Time; Management - On Site; Park; Pickleball; Playground; Spa/Hot Tub; Tennis Court(s) Association Fee Includes: Maintenance Grounds; Security Community Features: Curbs; Gated; Restaurant; Sidewalks; Street Lights Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-05-02

Location Tax and Legal

Street Number: 402
Street Name: PELTON
Street Suffix: Place
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Watersong At Rivertown

Status Change Information

Major Change Timestamp: 2026-06-01T15:16:06Z
Major Change Type: Status Change
Price Change Timestamp: 2026-04-30T15:29:05Z
Purchase Contract Date: 2026-04-30
Close Date: 2026-05-29
Close Price: 529000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: MATTAMY REAL ESTATE SERVICES

Last Updated: June - 01 - 2026

Information deemed reliable but not guaranteed.