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.

48 INDIAN GRASS Drive, St. Johns, FL 32259 (MLS# 2146496)

48 INDIAN GRASS Drive, St. Johns, FL 32259

$3,100

Property Type: Residential Lease Bedrooms: 3 Baths: 2 Square Footage: 2,129 Lot Size (sq. ft.): 6,970 Status: Closed

Current Price: $3,100 List Date: 5/21/2026 Last Modified: 7/01/2026

Overview

Description

This stunning home is like-new and move-in ready. The open living area is built around a gourmet kitchen. The 10' granite island has room to easily seat four. There is plenty of counter space and cabinets with pull out drawers, upgraded refrigerator and walk-in pantry. There is a dining room and a flex room on either side of the kitchen. The great room is open to the kitchen with many windows for lots of natural light. Wood look porcelain tile in the main living areas. A covered back porch overlooks a natural preserve and the front porch welcomes your guests. Lawn cutting, edging, blowing is included in rent. A dog will be considered with owner approval, no smoking. Tenant(s) will enjoy the amenities offered by Rivertown including the RiverClub, RiverHouse Amenity Center, RiverLodge and Rivertown park. Application is $75 per person anyone 18 or older. Tenant to pay a $125 processing fee at lease signing, Owner will manage property after move-in. Also available for sale MLS #2134942

Listing Details MLS# 2146496

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2129
Living Area Source: Public Records
Year Built: 2019
Lot Size Acres: 0.16
Association YN: Yes
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Waterfront YN: No
Furnished: Unfurnished
Stories Total: Yes
Senior Community YN: No
Directions: From I-95, Exit 329 onto CR210, continue straight onto Greenbriar Rd., turn left on Longleaf Pine Pkwy, take first Rivertown entrance, at round-about, take 2nd exit, turn left on Indian Grass, continue to house on left. From Julington Creek Bridge, continue S on SR13 to 3rd round-about, take 3rd exit, turn right on Kendall Crossing, left on Tarklin and right on Indian Grass to 2nd house on right.
Public Remarks: This stunning home is like-new and move-in ready. The open living area is built around a gourmet kitchen. The 10' granite island has room to easily seat four. There is plenty of counter space and cabinets with pull out drawers, upgraded refrigerator and walk-in pantry. There is a dining room and a flex room on either side of the kitchen. The great room is open to the kitchen with many windows for lots of natural light. Wood look porcelain tile in the main living areas. A covered back porch overlooks a natural preserve and the front porch welcomes your guests. Lawn cutting, edging, blowing is included in rent. A dog will be considered with owner approval, no smoking. Tenant(s) will enjoy the amenities offered by Rivertown including the RiverClub, RiverHouse Amenity Center, RiverLodge and Rivertown park. Application is $75 per person anyone 18 or older. Tenant to pay a $125 processing fee at lease signing, Owner will manage property after move-in. Also available for sale MLS #2134942
List Price/SqFt: 1.55
Sold Price/SqFt: 1.46

Property Features

Additional Lease Terms: 12 Months Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Tankless Water Heater; Washer Patio And Porch Features: Covered; Front Porch; Rear Porch Association Amenities: Basketball Court; Clubhouse; Community Pool; Dog Park; Fitness Center; Tennis Court(s) Water Source: Public Parking Features: Garage View: Protected Preserve Utilities: Electricity Available; Natural Gas Available; Sewer Available; Water Available Cooling: Central Air Heating: Central Tenant Pays: All Utilities; Pest Control Pets Allowed: Breed Restrictions; Dogs OK; Number Limit

Contract Information

Rental Service: None
Property Sub Type: Single Family Residence
Listing Contract Date: 2026-05-21
Lease Term: 12 Months
Availability Date: 2026-07-01

Location Tax and Legal

Street Number: 48
Street Name: INDIAN GRASS
Street Suffix: Drive
State: FL
County: St. Johns
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Rivertown

Status Change Information

Major Change Timestamp: 2026-07-01T18:01:54Z
Major Change Type: Status Change
Purchase Contract Date: 2026-06-11
Close Date: 2026-07-01
Close Price: 3100

Deposits and Fees

Additional Fee: 125
Application Fee: 75
Pet Fee/Deposit: 500

More Information

Documents

Rental Process ›

Sample Lease ›

Rivertown Rules and Regulations ›

Listing Office: FLORIDA NETWORK PROPERTY MANAGEMENT

Last Updated: July - 01 - 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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