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.

4512 S PENNYCRESS Place, St. Johns, FL 32259 (MLS# 2135418)

4512 S PENNYCRESS Place, St. Johns, FL 32259

$475,000

Virtual Tour

https://www.zillow.com/view-imx/1143b1ef-d795-4eba-b67f-9f0a547ca3a6?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Beautiful trees provide shade and privacy.

Rec center has 2 pools, tennis courts, cafe, gym, fitness classes, etc.

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,445 Lot Size (sq. ft.): 8,276 Status: Closed

Current Price: $475,000 List Date: 3/18/2026 Last Modified: 6/18/2026

Overview

Description

Your chance to move into Julington Creek Plantation at an exceptional value, now with a price improvement! This move-in ready home features bright, open living spaces designed for comfort and connection. The eat-in kitchen flows seamlessly into the main living area, making everyday living and entertaining effortless. Generously sized bedrooms offer flexibility for guests or work-from-home needs, while the private upstairs suite with its own bath is perfect as a 4th bedroom, office, playroom, or media space. Step outside to a large backyard with room to create your dream outdoor retreat. Enjoy top-rated St. Johns County schools, brand new resort-style amenities, parks, and the charm of an established community with mature landscaping and larger homesites. Schedule your showing today!

Listing Details MLS# 2135418

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2445
Living Area Source: Assessor
Year Built: 2002
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.19
Association YN: Yes
Association Fee: 588.48
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 1441.59
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: 2
Entry Level: Yes
Senior Community YN: No
Directions: From Race Track Rd, turn on to Butterfly Branch Dr, turn RIGHT on Sparrow Branch Cir, Turn LEFT on S Pennycress PL, house is on the LEFT.
Public Remarks: Your chance to move into Julington Creek Plantation at an exceptional value, now with a price improvement! This move-in ready home features bright, open living spaces designed for comfort and connection. The eat-in kitchen flows seamlessly into the main living area, making everyday living and entertaining effortless. Generously sized bedrooms offer flexibility for guests or work-from-home needs, while the private upstairs suite with its own bath is perfect as a 4th bedroom, office, playroom, or media space. Step outside to a large backyard with room to create your dream outdoor retreat. Enjoy top-rated St. Johns County schools, brand new resort-style amenities, parks, and the charm of an established community with mature landscaping and larger homesites. Schedule your showing today!
List Price/SqFt: 204.09
Sold Price/SqFt: 194.27

Property Features

Levels: Two Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Eat-in Kitchen; Pantry; Split Bedrooms; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Electric Water Source: Public Sewer: Public Sewer Patio And Porch Features: Patio Roof: Shingle Parking Features: Garage Current Use: Residential Association Amenities: Children's Pool; Clubhouse; Fitness Center; Playground; Tennis Court(s) Road Frontage Type: County Road 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: 2026-03-17

Location Tax and Legal

Street Number: 4512
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: 2026-06-18T18:38:16Z
Major Change Type: Status Change
Price Change Timestamp: 2026-05-11T00:27:13Z
Purchase Contract Date: 2026-05-21
Close Date: 2026-06-18
Close Price: 475000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Documents

Sellers Property Disclosure ›

Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

Last Updated: June - 18 - 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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