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 PAYNE Trail, Ponte Vedra, FL 32081 (MLS# 1222298)

48 PAYNE Trail, Ponte Vedra, FL 32081

$2,650

Property Type: Residential Lease Bedrooms: 3 Baths: 2 Square Footage: 1,980 Status: Closed

Current Price: $2,650 List Date: 4/17/2023 Last Modified: 2/23/2025

Overview

Description

**ADMIN FEE WAIVED ($150) AND APP FEE REFUNDED ($70/EACH) W/ APPROVED APP AND LEASE START DATE BY 6/15.**Truly a Hidden Treasure and a RARE find! AVAILABLE NOW! This very well maintained home is in the heart of Nocatee's Greenleaf Village. Kitchen features stainless appliances, gas range, granite counters and backsplash. FEATURES - 2 car garage, screened in patio, and tankless water heater. Walk to Valley Ridge Academy, A RATED K-8. Access to all Nocatee amenities. A MUST SEE! No pets allowed. W/D not included.

Listing Details MLS# 1222298

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1980
Living Area Source: Public Records
Year Built: 2013
Association YN: No
Association Fee Frequency: One Time
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From US 1 S left on Cross Ridge Drive. Left on Cameron Dr. Right on Howland Drive, Right on Payne Trail.
Public Remarks: **ADMIN FEE WAIVED ($150) AND APP FEE REFUNDED ($70/EACH) W/ APPROVED APP AND LEASE START DATE BY 6/15.**Truly a Hidden Treasure and a RARE find! AVAILABLE NOW! This very well maintained home is in the heart of Nocatee's Greenleaf Village. Kitchen features stainless appliances, gas range, granite counters and backsplash. FEATURES - 2 car garage, screened in patio, and tankless water heater. Walk to Valley Ridge Academy, A RATED K-8. Access to all Nocatee amenities. A MUST SEE! No pets allowed. W/D not included.
List Price/SqFt: 1.34
Sold Price/SqFt: 1.34

Property Features

Appliances: Dishwasher; Gas Range; Microwave; Refrigerator Interior Features: Primary Bathroom -Tub with Separate Shower; Walk-In Closet(s) Patio And Porch Features: Screened Pool Features: None Association Amenities: Community Pool; Playground; Tennis Court(s) Fencing: Back Yard Cooling: Central Air Heating: Central Road Surface Type: Asphalt Pets Allowed: No

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2023-04-17
Lease Term: 12 Months

Location Tax and Legal

Street Number: 48
Street Name: PAYNE
Street Suffix: Trail
State: FL
County: St. Johns
Postal Code: 32081
MLS Area Major: 272-Nocatee South
Subdivision Name: Greenleaf Village

Status Change Information

Major Change Timestamp: 2023-11-20T09:52:53Z
Major Change Type: Price Reduced
Price Change Timestamp: 2023-06-07T01:51:57Z
Purchase Contract Date: 2023-06-12
Close Date: 2023-06-26
Close Price: 2650

Deposits and Fees

Application Fee: 70
Security Deposit: 2650

More Information

Historical Information

Public Historical Remarks 1: Water - Public: Y, Assoc Appl Fee: N, Tenant Pays All Utilities: Y, Per Period: 2650, LeasePrepFeeTenant: 150, Club Amenities-Nature Trails: Y
Public Historical Remarks 2: Occupancy: Immediate, Sewer - Public: Y, Soccer Field(s): Y

Listing Office: LEGACY REALTY GROUP LLC

Last Updated: February - 23 - 2025

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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