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.

479 WALNUT Drive, St. Johns, FL 32259 (MLS# 2129192)

479 WALNUT Drive, St. Johns, FL 32259

$285,000

06-006_C_R50608 - Living Room - Standard

10-011_C_R50637 - Dining Room - Standard

20-025_C_R50710 - Bedroom - Standard - 8

24-019_C_R50677-c - Bedroom - Standard -

33-014_C_R50656-copy - Outdoor - Standar

Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,744 Lot Size (sq. ft.): 2,178 Status: Closed

Current Price: $285,000 List Date: 2/09/2026 Last Modified: 7/29/2026

Overview

Description

**** The Home is currently being updated with fresh exterior paint and landscaping **** Meticulously maintained and move-in ready! This stunning townhouse in the gated Crossings at Cypress Trace features fresh interior paint and brand-new carpet throughout. The rare dual master suite layout offers two oversized bedrooms with custom closet shelving, providing ultimate privacy and comfort. The gourmet kitchen impresses with a large granite island, 42'' cabinets, and a walk-in pantry. Relax in the screened-in Florida room and enjoy a peaceful water view. Notable upgrades include a new AC (2024) and hot water heater (2020). Complete with a 2-car garage and access to resort-style amenities (pool, tennis, playground). Located in the top-rated St. Johns County School District, minutes from Durbin Pavilion shopping and dining. A pristine find in a secure, gated community!

Listing Details MLS# 2129192

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1744
Living Area Source: Public Records
Year Built: 2011
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.05
Association YN: Yes
Association Fee: 230
Association Fee Frequency: Monthly
Association Fee 2: 98
Association Fee 2 Frequency: Monthly
Association Name: Freedom Community Management
Association Phone: 904-490-8191
CDD Fee YN: No
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
Senior Community YN: No
Directions: From US-1 S (Philips Hwy), turn right onto Race Track Rd. Continue for approximately 1.5 miles, then turn left into Cypress Trace. Proceed through the security gates and turn right onto Walnut Dr. The property (479) will be on your right.
Public Remarks: **** The Home is currently being updated with fresh exterior paint and landscaping **** Meticulously maintained and move-in ready! This stunning townhouse in the gated Crossings at Cypress Trace features fresh interior paint and brand-new carpet throughout. The rare dual master suite layout offers two oversized bedrooms with custom closet shelving, providing ultimate privacy and comfort. The gourmet kitchen impresses with a large granite island, 42'' cabinets, and a walk-in pantry. Relax in the screened-in Florida room and enjoy a peaceful water view. Notable upgrades include a new AC (2024) and hot water heater (2020). Complete with a 2-car garage and access to resort-style amenities (pool, tennis, playground). Located in the top-rated St. Johns County School District, minutes from Durbin Pavilion shopping and dining. A pristine find in a secure, gated community!
List Price/SqFt: 163.42
Sold Price/SqFt: 163.42

Property Features

Architectural Style: Traditional Levels: Two Appliances: Dishwasher; Disposal; Dryer; Electric Oven; Electric Range; Refrigerator; Washer; Water Softener Owned Interior Features: Eat-in Kitchen; Entrance Foyer; Open Floorplan; Pantry; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: In Unit Utilities: Cable Available; Electricity Connected; Water Connected Cooling: Central Air; Electric Heating: Electric Water Source: Public Sewer: Public Sewer Security Features: Security Gate Patio And Porch Features: Covered; Patio; Rear Porch; Screened Parking Features: Garage; Garage Door Opener View: Pond Current Use: Residential Association Amenities: Basketball Court; Children's Pool; Community Pool; Gated; Pickleball; Playground; Tennis Court(s); Other Association Fee Includes: Maintenance Grounds; Maintenance Structure Community Features: Gated Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Room Types: Bedroom 2; Primary Bedroom