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 PAVIA Place, St. Johns, FL 32259 (MLS# 2107124)

48 PAVIA Place, St. Johns, FL 32259

$700,000

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,008 Lot Size (sq. ft.): 8,712 Status: Closed

Current Price: $700,000 List Date: 9/04/2025 Last Modified: 4/29/2026

Overview

Description

Back on market due to buyer's financing falling through. Their loss is your gain!! Welcome to your gorgeous multi-generational, lakefront home! Freshly painted interior. Located in the lovely gated community of Celestina, this 4 bedroom 3.5 bathroom home has an attached suite, with separate entrance and garage, as well as a full kitchen! The main house boasts a gourmet kitchen with quartz countertops, double oven, stainless steel appliances, and a large island. An 82'' television ready for your favorite game or movie is on the living room wall and the primary suite boasts a huge walk-in closet, beautiful bathroom and a door out to the covered lanai. The formal office, which could be used as a fifth bedroom, has lovely glass french doors. The triple sliding glass doors open up to a huge covered lanai overlooking the pond.

Supplements: Celestina boasts resort-like amenities including swimming pool, fitness center, tennis courts, soccer field, playground and walking trails. With A rated schools and tons of shopping options just minutes away, this is the perfect place to call home! If buyer uses our preferred lender, Amanda Solari with First Coast Mortgage Funding, she will provid ... (Read more)

Listing Details MLS# 2107124

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 3008
Living Area Source: Public Records
Year Built: 2020
Accessory Dwelling Unit Y/N: Yes
Homestead YN: Yes
Lot Size Acres: 0.2
Association YN: Yes
Association Fee: 142
Association Fee Frequency: Monthly
CDD Fee YN: Yes
CDD Fee Amount: 1669
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: Yes
Senior Community YN: No
Directions: Racetrack Rd. to Celestina gate guard house. Realtors must accompany buyers and show ID and license for entry. This is a very secure neighborhood so protocol must be followed for entry.
Public Remarks: Back on market due to buyer's financing falling through. Their loss is your gain!! Welcome to your gorgeous multi-generational, lakefront home! Freshly painted interior. Located in the lovely gated community of Celestina, this 4 bedroom 3.5 bathroom home has an attached suite, with separate entrance and garage, as well as a full kitchen! The main house boasts a gourmet kitchen with quartz countertops, double oven, stainless steel appliances, and a large island. An 82'' television ready for your favorite game or movie is on the living room wall and the primary suite boasts a huge walk-in closet, beautiful bathroom and a door out to the covered lanai. The formal office, which could be used as a fifth bedroom, has lovely glass french doors. The triple sliding glass doors open up to a huge covered lanai overlooking the pond.
List Price/SqFt: 239.36
Sold Price/SqFt: 232.71

Property Features

Architectural Style: Ranch Levels: One Property Condition: Updated/Remodeled Appliances: Dishwasher; Disposal; Double Oven; Dryer; Electric Cooktop; Gas Cooktop; Gas Water Heater; Ice Maker; Microwave; Refrigerator; Tankless Water Heater; Washer; Washer/Dryer Stacked; Water Softener Owned Flooring: Tile; Vinyl Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Parking Features: Garage; Garage Door Opener View: Pond Waterfront Features: Pond Fencing: Back Yard; Wrought Iron Current Use: Residential Association Amenities: Basketball Court; Clubhouse; Community Pool; Dog Park; Fitness Center; Gated; Management - On Site; Management - Part Time; Park; Pickleball; Playground; Security; Tennis Court(s); Water Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Appraisal; Financing; Inspection