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.

408 WALNUT Drive, St. Johns, FL 32259 (MLS# 973015)

408 WALNUT Drive, St. Johns, FL 32259

$1,525

Property Type: Residential Lease Bedrooms: 3 Baths: 3 Square Footage: 1,801 Status: Closed

Current Price: $1,525 List Date: 1/05/2019 Last Modified: 4/06/2026

Overview

Description

Beautiful 3 Bedroom, 2.5 Bath in a private gated community. Enjoy club style amenities featuring community pool, tennis courts and playground. Dishwasher, Range, Refrigerator, Microwave Washer & Dryer. Window blinds throughout, Great location!

Listing Details MLS# 973015

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1801
Living Area Source: Public Records
Year Built: 2012
Association YN: No
Association Fee Frequency: One Time
Garage Spaces: 2
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: Directions: South on Phillips Hwy, Right on Racetrack Roadtrack
Public Remarks: Beautiful 3 Bedroom, 2.5 Bath in a private gated community. Enjoy club style amenities featuring community pool, tennis courts and playground. Dishwasher, Range, Refrigerator, Microwave Washer & Dryer. Window blinds throughout, Great location!
List Price/SqFt: 0.86
Sold Price/SqFt: 0.85

Property Features

Appliances: Dishwasher; Electric Range; Microwave Patio And Porch Features: Screened Pool Features: Above Ground Association Amenities: Community Pool; Jogging Path; Tennis Court(s) Cooling: Central Air Heating: Central Road Surface Type: Asphalt

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2019-01-05
Lease Term: Month To Month
Availability Date: 2019-02-11

Location Tax and Legal

Street Number: 408
Street Name: WALNUT
Street Suffix: Drive
State: FL
County: St. Johns
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Crossings At Cypress Trace

Status Change Information

Major Change Timestamp: 2019-03-24T14:56:57Z
Major Change Type: Status Change
Purchase Contract Date: 2019-02-23
Close Date: 2019-03-01
Close Price: 1525

Deposits and Fees

Application Fee: 50
Pet Fee/Deposit: 250
Security Deposit: 1550

More Information

Historical Information

Public Historical Remarks 1: Water - Public: Y, Assoc Appl Fee: N, Per Period: 1550, LeasePrepFeeTenant: 75
Public Historical Remarks 2: Pet Fee (Non Refund): Y, Occupancy: Call Office, Sewer - Public: Y, Min Lease/Rent Term: 120 Months

Listing Office: A1 Realty Services LLC

Last Updated: April - 06 - 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.