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.

474 WALNUT Drive, St. Johns, FL 32259 (MLS# 700126)

474 WALNUT Drive, St. Johns, FL 32259

$135,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,626 Status: Closed

Current Price: $135,000 List Date: 1/17/2014 Last Modified: 1/18/2026

Overview

Description

This beautiful, well maintained, single car garage, end unit town home home located in St. Johns County, is priced to sell ! Its open floor plan gives it a warm welcoming feel, with granite counter tops, Stainless Steal appliances, 42’ cabinets and hardwood floors on the main level. This town home backs up to a preserve giving you your own private backyard. The master bathroom has elevated counter tops and double sinks. This community offers a large pool with covered seating area and children’s wading pool. The community also offers two play areas and tennis courts. Hurry this town home will not last long.

Listing Details MLS# 700126

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1626
Living Area Source: Public Records
Year Built: 2012
Lot Size Dimensions: .05
Association YN: Yes
Association Fee: 243
Association Fee Frequency: Monthly
CDD Fee YN: No
New Construction YN: No
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From Phillips HWY or US 1 South take a right on to Racetrack Rd first left into Cypress Trace. When passed the main gate take your first right onto Walnut Dr Town home will be on the right side.
Public Remarks: This beautiful, well maintained, single car garage, end unit town home home located in St. Johns County, is priced to sell ! Its open floor plan gives it a warm welcoming feel, with granite counter tops, Stainless Steal appliances, 42’ cabinets and hardwood floors on the main level. This town home backs up to a preserve giving you your own private backyard. The master bathroom has elevated counter tops and double sinks. This community offers a large pool with covered seating area and children’s wading pool. The community also offers two play areas and tennis courts. Hurry this town home will not last long.
List Price/SqFt: 83.03
Sold Price/SqFt: 83.03

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator Interior Features: Breakfast Bar; Entrance Foyer; Pantry; Primary Bathroom - Tub with Shower; Smart Thermostat; Split Bedrooms; Walk-In Closet(s) Flooring: Vinyl; Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available; Cable Connected; Other Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Green Energy Efficient: Appliances; Doors; Windows Security Features: Smoke Detector(s) Construction Materials: Frame; Stucco Patio And Porch Features: Covered; Front Porch; Patio Pool Features: None Roof: Shingle Parking Features: Attached; Garage Lot Features: Sprinklers In Front; Sprinklers In Rear Fencing: Vinyl Current Use: Residential; Single Family Association Amenities: Children's Pool; Community Pool; Maintenance Grounds; Playground; Tennis Court(s); Trash Association Fee Includes: Pest Control Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2014-01-17

Location Tax and Legal

Street Number: 474
Street Name: WALNUT
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Crossings At Cypress Trace

Status Change Information

Major Change Timestamp: 2014-02-10T19:38:58Z
Major Change Type: Status Change
Purchase Contract Date: 2014-01-19
Close Date: 2014-02-03
Close Price: 135000

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Mandatory Fees: Y, Utilities-Separate Irrigation Meter: Y, Club Amenities-Nature Trails: Y, Interior Amenities-Window Treatment(s): Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Parking Facilities-Keypad Entry: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Covenants/Restrictions: Y, Builder Warranty: Y, Energy Features-Exhaust Fans: Y, Energy Features-Ceiling Fan(s): Y, Dining-Living/Dining Combo: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y, Townhouse: Y, Fenced Partial: Y, Satellite System - Owned: Y
Public Historical Remarks 3: Occupant Type: Special Instructions, Call Listing Office, Listing Agent Must Accompany, Occupied - Lockbox, Appointment

More Information

Room Information

Room Name
Utility Room

Documents

Sellers Disclosures ›

HOA Disclosure ›

Floor Plan ›

Listing Office: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

Last Updated: January - 18 - 2026

Information deemed reliable but not guaranteed.