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.

4250 POPOLEE Road, St. Johns, FL 32259 (MLS# 1074973)

4250 POPOLEE Road, St. Johns, FL 32259

$750,000

Property Type: Land Lot Size (sq. ft.): 148,104 Status: Active Under Contract

Current Price: $750,000 List Date: 9/25/2020 Last Modified: 12/23/2025

Overview

Description

865 Feet on the River. Direct waterfront lot on the St. Johns River. Large 3.4+ Acre lot with gorgeous tree canopy provide the perfect spot to build your dream home. Potential to develop into several residential lots. Nestled in a well established neighborhood.

Listing Details MLS# 1074973

General Property Information

Lot Size Acres: 3.4
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: Yes
Water Frontage Feet: 800
Directions: Go South on San Jose Blvd (State Road 13), Cross over the Julington Creek Bridge, Right on Fruit Cove Road, Right onto Popolee Rd. Down at end of Popolee Road, lot located on right.
Public Remarks: 865 Feet on the River. Direct waterfront lot on the St. Johns River. Large 3.4+ Acre lot with gorgeous tree canopy provide the perfect spot to build your dream home. Potential to develop into several residential lots. Nestled in a well established neighborhood.
List Price/Acre: 220588.24

Property Features

Current Use: Residential; Single Family Lot Features: Dead End Street; Irregular Lot; Wooded; Other Utilities: Other Waterfront Features: Navigable Water; Ocean Front; River Front Road Surface Type: Asphalt Listing Terms: Cash; Conventional Possession: Negotiable Contingency Reason: Other

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2020-09-25

Location Tax and Legal

Street Number: 4250
Street Name: POPOLEE
Street Suffix: Road
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Read Tract

Status Change Information

Major Change Timestamp: 2023-11-14T16:26:33Z
Major Change Type: Price Reduced
Price Change Timestamp: 2022-12-22T02:18:48Z
Contingency: Active Under Contract

Historical Information

Public Historical Remarks 1: Lot Location-Suburban: Y
Public Historical Remarks 2: Waterfront Descrpt-6' + Dpth: Y
Public Historical Remarks 3: Intermediate School: Other

More Information

Documents

Standard Addendum 1 ›

Vacant Land Discl ›

Offer Instructions 1 ›

Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

Last Updated: December - 23 - 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.