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.

405 LOLLY Lane, St. Johns, FL 32259 (MLS# 2161046)

405 LOLLY Lane, St. Johns, FL 32259

$478,000

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,170 Lot Size (sq. ft.): 11,761 Status: Closed

Current Price: $478,000 List Date: 8/20/2026 Last Modified: 8/20/2026

Overview

Description

Comp Purpose Only

Listing Details MLS# 2161046

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2170
Living Area Source: Appraiser
Year Built: 1995
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.27
Association YN: Yes
Association Fee: 580
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 1426.73
Accessibility Features YN: No
New Construction YN: No
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: No
Directions: I-295 to SR13/ San Jose Blvd South, Go over the Julington Creek bridge and left on Racetrack Rd. Go right on Hummingbird Ct, Left on Dewberry. Right on Lolly & Stay left at fork in road.
Public Remarks: Comp Purpose Only
List Price/SqFt: 224.42
Sold Price/SqFt: 220.28

Property Features

Appliances: None Interior Features: Entrance Foyer; His and Hers Closets; Pantry; Primary Bathroom -Tub with Separate Shower; Skylight(s); Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Plank in Flooring Laundry Features: In Unit Utilities: Cable Available; Electricity Available; Water Connected Cooling: Central Air Heating: Central Water Source: Public Construction Materials: Stucco Roof: Shingle Parking Features: Garage Lot Features: On Golf Course View: Golf Course Current Use: Residential Possession: Close Of Escrow Listing Terms: Conventional

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2026-08-20

Location Tax and Legal

Street Number: 405
Street Name: LOLLY
Street Suffix: Lane
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Julington Creek Plan

Status Change Information

Major Change Timestamp: 2026-08-20T18:29:48Z
Major Change Type: Status Change
Purchase Contract Date: 2026-08-20
Close Date: 2026-08-20
Close Price: 478000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Listing Office: CHRISTIE'S INTERNATIONAL REAL ESTATE FIRST COAST

Last Updated: August - 20 - 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.