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.

4505 S PENNYCRESS Place, St. Johns, FL 32259 (MLS# 2100312)

4505 S PENNYCRESS Place, St. Johns, FL 32259

$444,000

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,623 Lot Size (sq. ft.): 7,405 Status: Closed

Current Price: $444,000 List Date: 7/25/2025 Last Modified: 9/10/2026

Overview

Description

Welcome home! This stunning, fully remodeled 1-story gem in Julington Creek truly has it all. Step inside to an open, airy layout with luxury vinyl flooring throughout—perfect for gatherings or quiet nights in. You'll fall in love with the high-end kitchen designed to impress and built to enjoy. The roof is less than 4 years old, giving you peace of mind for years to come. Out back, a fenced yard offers privacy and plenty of space to create your dream pool oasis. Located in one of the most desirable neighborhoods, you'll enjoy access to incredible amenities: clubhouse, resort-style pools, gym, and top-rated schools. Thoughtfully updated, move-in ready, and priced under $500K—this home is everything you've been waiting for.

Listing Details MLS# 2100312

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1623
Living Area Source: Public Records
Year Built: 2003
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.17
Association YN: Yes
Association Fee: 560
Association Fee Frequency: Annually
Association Name: Julington Creek Plan
CDD Fee YN: Yes
CDD Fee Amount: 1328.94
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
Furnished: Unfurnished
Stories: Yes
Senior Community YN: No
Directions: ON SAN JOSE, W (LFT) ON RACKTRACK ROAD, PAST MIDDLE SCHOOL, R ON BUTTERFLY BRANCH, R ON SPARROW BRANCH, R ON PENNYCRESS TO HOME ON THE RIGHT
Public Remarks: Welcome home! This stunning, fully remodeled 1-story gem in Julington Creek truly has it all. Step inside to an open, airy layout with luxury vinyl flooring throughout—perfect for gatherings or quiet nights in. You'll fall in love with the high-end kitchen designed to impress and built to enjoy. The roof is less than 4 years old, giving you peace of mind for years to come. Out back, a fenced yard offers privacy and plenty of space to create your dream pool oasis. Located in one of the most desirable neighborhoods, you'll enjoy access to incredible amenities: clubhouse, resort-style pools, gym, and top-rated schools. Thoughtfully updated, move-in ready, and priced under $500K—this home is everything you've been waiting for.
List Price/SqFt: 280.35
Sold Price/SqFt: 273.57

Property Features

Appliances: Dishwasher; Double Oven; Dryer; Refrigerator; Washer Interior Features: Kitchen Island; Primary Bathroom - Shower No Tub; Primary Downstairs Flooring: Vinyl Utilities: Cable Available Cooling: Central Air Heating: Central Water Source: Public Construction Materials: Stucco Patio And Porch Features: Patio Parking Features: Garage Current Use: Residential; Single Family Association Amenities: Clubhouse; Community Pool; Fitness Center Possession: Negotiable Listing Terms: Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-07-21

Location Tax and Legal

Street Number: 4505
Street Direction Prefix: S
Street Name: PENNYCRESS
Street Suffix: Place
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: 2025-11-07T15:48:16Z
Major Change Type: Status Change
Price Change Timestamp: 2025-08-27T01:15:10Z
Purchase Contract Date: 2025-09-04
Close Date: 2025-11-03
Close Price: 444000

DPR Eligible

DPR Eligible: No

More Information

Documents

Flood Disclosure ›

Sellers Property Disclosure ›

HOA ›

HOA rules ›

Listing Office: HERRON REAL ESTATE LLC

Last Updated: September - 10 - 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.

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