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.

417 CHERYL Court, St. Johns, FL 32259 (MLS# 2124048)

417 CHERYL Court, St. Johns, FL 32259

$542,500

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,737 Lot Size (sq. ft.): 22,651 Status: Closed

Current Price: $542,500 List Date: 1/29/2026 Last Modified: 3/12/2026

Overview

Description

Rare find in St. Johns County—this ½-acre homesite offers space, privacy, and no HOA or CDD fees, making it ideal for RV and boat parking. Located in the desirable Old Fruit Cove area, the home is close to the St. Johns River, as well as dining, shopping, and entertainment along SR-13, Racetrack Rd, and the Durbin Pavilion Town Center, while still tucked away in a quiet community. The property offers beautiful curb appeal with mature trees, a wide setback, and a side-entry oversized two-car garage. The home features vaulted ceilings, wood flooring downstairs, and a wood-burning fireplace that adds warmth and character. The versatile layout includes two flex rooms—one upstairs and one downstairs—ideal for a home office, playroom, yoga den, or additional living space. Enjoy the spacious kitchen with wood cabinetry, recessed lighting, newer appliances, a breakfast bar, and a cozy eat-in breakfast nook. The primary suite on the first floor offers a walk-in closet, window seat,

Supplements: stand-alone shower, and dual vanity. A guest bedroom and bathroom are located on the first floor, with two additional bedrooms and a bathroom upstairs. Enjoy the fully fenced backyard, perfect for gardening, pets, or summer barbecues. Additional highlights include a new septic system, well pump for home and irrigation, and ample space for RV and b ... (Read more)

Listing Details MLS# 2124048

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2737
Living Area Source: Public Records
Year Built: 1988
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.52
Association YN: No
CDD Fee YN: No
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: 2
Senior Community YN: No
Directions: Heading south on FL-13 across the Julington Creek Bridge into St Johns County, turn right on Fruit Cove Terrace S right after Walgreens, go .5 miles then turn left onto Cheryl Ct, first home on the left.
Public Remarks: Rare find in St. Johns County—this ½-acre homesite offers space, privacy, and no HOA or CDD fees, making it ideal for RV and boat parking. Located in the desirable Old Fruit Cove area, the home is close to the St. Johns River, as well as dining, shopping, and entertainment along SR-13, Racetrack Rd, and the Durbin Pavilion Town Center, while still tucked away in a quiet community. The property offers beautiful curb appeal with mature trees, a wide setback, and a side-entry oversized two-car garage. The home features vaulted ceilings, wood flooring downstairs, and a wood-burning fireplace that adds warmth and character. The versatile layout includes two flex rooms—one upstairs and one downstairs—ideal for a home office, playroom, yoga den, or additional living space. Enjoy the spacious kitchen with wood cabinetry, recessed lighting, newer appliances, a breakfast bar, and a cozy eat-in breakfast nook. The primary suite on the first floor offers a walk-in closet, window seat,
List Price/SqFt: 200.04
Sold Price/SqFt: 198.21

Property Features

Architectural Style: Contemporary Levels: Two Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Breakfast Nook; Ceiling Fan(s); Open Floorplan; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Tile; Wood Laundry Features: Electric Dryer Hookup; In Unit; Lower Level; Washer Hookup Utilities: Cable Available; Electricity Connected Cooling: Central Air Heating: Central Water Source: Private; Well Sewer: Septic Tank Security Features: Closed Circuit Camera(s); Smoke Detector(s) Construction Materials: Brick; Wood Siding Exterior Features: Fire Pit Patio And Porch Features: Patio Roof: Shingle Parking Features: Garage; Garage Door Opener Lot Features: Corner Lot; Sprinklers In Front Fencing: Back Yard; Vinyl; Wood Current Use: Residential; Single Family 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: 2026-01-08

Location Tax and Legal

Street Number: 417
Street Name: CHERYL
Street Suffix: Court
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Oaks Cove

Status Change Information

Major Change Timestamp: 2026-03-12T00:22:18Z
Major Change Type: Status Change
Purchase Contract Date: 2026-01-27
Close Date: 2026-03-11
Close Price: 542500

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Listing Office: UNITED REAL ESTATE GALLERY

Last Updated: March - 12 - 2026

Information deemed reliable but not guaranteed.