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.

475 WALNUT Drive, St. Johns, FL 32259 (MLS# 1143808)

475 WALNUT Drive, St. Johns, FL 32259

$290,000

14-810442245-18 2nd Floor Primary Bedroo

15-176625617-19 2nd Floor Primary Bedroo

16-077143334-20 2nd Floor Primary Bedroo

17-323465974-22 2nd Floor Primary Bathro

18-815799844-23 2nd Floor Primary Bedroo

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,640 Status: Closed

Current Price: $290,000 List Date: 12/01/2021 Last Modified: 8/17/2026

Overview

Description

Don't miss out on this 3 bedroom, 2.5 bathroom townhouse in sunny St. Johns County. Entering this home, you will notice the gorgeous flooring throughout the common areas of the house. The spacious living room is ideal for relaxing after a long day. The open kitchen has plenty of room for cooking and features stainless appliances, plenty of cabinets, and a kitchen island perfect for serving your guests. Enjoy hanging out on your screened back patio with stunning views of the pond. Retreat upstairs to the primary bedroom that includes a walk-in closet with built-in shelving and an en-suite bathroom. The remaining bedrooms will be perfect for your visiting guests or a home office. This home is within minutes of some of the top-rated schools in Florida.

Supplements: Home is being sold in as is condition. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer.

Listing Details MLS# 1143808

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1640
Living Area Source: Public Records
Year Built: 2011
Association YN: Yes
Association Fee: 251
Association Fee Frequency: Monthly
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: Take Southside Blvd, I-95 S, Old St Augustine Rd and US-1 S to Big Cypress Dr, Continue on Big Cypress Dr. Drive to Walnut D
Public Remarks: Don't miss out on this 3 bedroom, 2.5 bathroom townhouse in sunny St. Johns County. Entering this home, you will notice the gorgeous flooring throughout the common areas of the house. The spacious living room is ideal for relaxing after a long day. The open kitchen has plenty of room for cooking and features stainless appliances, plenty of cabinets, and a kitchen island perfect for serving your guests. Enjoy hanging out on your screened back patio with stunning views of the pond. Retreat upstairs to the primary bedroom that includes a walk-in closet with built-in shelving and an en-suite bathroom. The remaining bedrooms will be perfect for your visiting guests or a home office. This home is within minutes of some of the top-rated schools in Florida.
List Price/SqFt: 176.77
Sold Price/SqFt: 176.83

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Electric Range; Microwave Interior Features: Kitchen Island; Pantry; Primary Bathroom - Tub with Shower; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Stucco Pool Features: None Roof: Shingle Parking Features: Attached; Garage Current Use: Residential Possession: Negotiable Listing Terms: Cash; Conventional; VA Loan

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2021-12-01
Unit Type: End Unit

Location Tax and Legal

Street Number: 475
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: 2022-01-07T17:12:13Z
Major Change Type: Status Change
Purchase Contract Date: 2021-12-07
Close Date: 2022-01-06
Close Price: 290000

Historical Information

Public Historical Remarks 1: Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Energy Features-Ceiling Fan(s): Y, Dining-Living/Dining Combo: Y
Public Historical Remarks 3: Intermediate School: Other

More Information

Room Information

Room Name
Family Room
Utility Room

Documents

Purchase Contract ›

Offer Instructions ›

Listing Office: DJ & LINDSEY REAL ESTATE

Last Updated: August - 17 - 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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