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.

404 MONET Avenue, Ponte Vedra, FL 32081 (MLS# 2087006)

404 MONET Avenue, Ponte Vedra, FL 32081

$2,200

Property Type: Residential Lease Bedrooms: 3 Baths: 3 Square Footage: 2,289 Lot Size (sq. ft.): 6,098 Status: Closed

Current Price: $2,200 List Date: 5/12/2025 Last Modified: 6/01/2025

Overview

Description

St Johns county schools! Move in ready beautiful 2 story home. Spacious formal living area, large open kitchen. Large laundry has washer and dryer and plenty of space for shelving and storage. All bedrooms are upstairs. Owner's suite has a garden tub and separate walk-in shower, double vanity, oversize walk-in-closet. Wood flooring in main areas and bedrooms, large backyard for outdoor Florida lifestyle! Conveniently located next to US-1, Make it home today! *** Credit score must be over 640, income must be 3 times more than the rental price.

Listing Details MLS# 2087006

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2289
Living Area Source: Assessor
Year Built: 2005
Lot Size Acres: 0.14
Association YN: Yes
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Senior Community YN: No
Directions: From US-1 and Valley Ridge/Gate Gas Station, go S approx. 2 miles, L on Renoir Blvd, R on Monet. House on L. Or from US-1, turn L on DaVinci Blvd, then L on Picasso, L on Renoir then L on Monet.
Public Remarks: St Johns county schools! Move in ready beautiful 2 story home. Spacious formal living area, large open kitchen. Large laundry has washer and dryer and plenty of space for shelving and storage. All bedrooms are upstairs. Owner's suite has a garden tub and separate walk-in shower, double vanity, oversize walk-in-closet. Wood flooring in main areas and bedrooms, large backyard for outdoor Florida lifestyle! Conveniently located next to US-1, Make it home today! *** Credit score must be over 640, income must be 3 times more than the rental price.
List Price/SqFt: 1.05
Sold Price/SqFt: 0.96

Property Features

Additional Lease Terms: 12 Months Owner Pays: Association Fees Levels: Two Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Oven; Electric Water Heater Water Source: Public Parking Features: Garage Sewer: Public Sewer Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Tenant Pays: All Utilities; Other Pets Allowed: Cats OK; Dogs OK; Size Limit; Number Limit

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2025-05-09
Lease Term: 12 Months

Location Tax and Legal

Street Number: 404
Street Name: MONET
Street Suffix: Avenue
State: FL
County: St. Johns
Postal Code: 32081
MLS Area Major: 272-Nocatee South
Subdivision Name: Florentine

Status Change Information

Major Change Timestamp: 2025-06-01T14:48:00Z
Major Change Type: Status Change
Price Change Timestamp: 2025-05-21T02:58:20Z
Purchase Contract Date: 2025-05-28
Close Date: 2025-06-01
Close Price: 2200

Deposits and Fees

Pet Fee/Deposit: 400

More Information

Listing Office: LOKATION

Last Updated: June - 01 - 2025

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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