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.

481 SHETLAND Drive, St. Johns, FL 32259 (MLS# 2152798)

481 SHETLAND Drive, St. Johns, FL 32259

$2,500

Property Type: Residential Lease Bedrooms: 4 Baths: 3 Square Footage: 2,259 Lot Size (sq. ft.): 6,970 Status: Closed

Current Price: $2,500 List Date: 6/28/2026 Last Modified: 7/30/2026

Overview

Description

Located in the St Johns community of Abderdeen. Large downstairs with open kitchen facing family room. Food prep island with barstool space, granite counter tops, and 42 in cabinets. Tile floors throughout, laundry downstairs, washer and dryer included. Master downstairs, en suite includes large walk in closet, soaking tub, and stand up shower. Up stairs is a large loft area, and three more bedrooms. Covered patio out back and fenced yard overlooking the pond. Situated just minutes from the growing area of Durbin Pavilion, and easy access to major highways! Pets welcome with approval.

Listing Details MLS# 2152798

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2259
Living Area Source: Public Records
Year Built: 2017
Lot Size Acres: 0.16
Association YN: Yes
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Waterfront YN: No
Stories Total: 2
Senior Community YN: No
Directions: From Longleaf Pine, turn onto Shetland.
Public Remarks: Located in the St Johns community of Abderdeen. Large downstairs with open kitchen facing family room. Food prep island with barstool space, granite counter tops, and 42 in cabinets. Tile floors throughout, laundry downstairs, washer and dryer included. Master downstairs, en suite includes large walk in closet, soaking tub, and stand up shower. Up stairs is a large loft area, and three more bedrooms. Covered patio out back and fenced yard overlooking the pond. Situated just minutes from the growing area of Durbin Pavilion, and easy access to major highways! Pets welcome with approval.
List Price/SqFt: 1.11
Sold Price/SqFt: 1.11

Property Features

Additional Lease Terms: 12 Months Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer Interior Features: Kitchen Island; Pantry Patio And Porch Features: Covered Association Amenities: Children's Pool; Community Pool; Playground Water Source: Public Parking Features: Garage Door Opener Fencing: Back Yard Utilities: Electricity Available; Water Available Cooling: Electric Heating: Electric Additional Fee Includes: Lease Prep Tenant Pays: All Utilities Pets Allowed: Cats OK; Dogs OK

Contract Information

Rental Service: Other
Property Sub Type: Single Family Residence
Listing Contract Date: 2026-06-28
Lease Term: 12 Months
Availability Date: 2000-07-10

Location Tax and Legal

Street Number: 481
Street Name: SHETLAND
Street Suffix: Drive
State: FL
County: St. Johns
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Aberdeen

Status Change Information

Major Change Timestamp: 2026-07-30T19:00:50Z
Major Change Type: Status Change
Price Change Timestamp: 2026-06-28T20:42:51Z
Purchase Contract Date: 2026-07-06
Close Date: 2026-07-15
Close Price: 2500

Deposits and Fees

Additional Fee: 150
Application Fee: 75
Pet Fee/Deposit: 300
Security Deposit: 1950

More Information

Documents

Getting Your Applicants Approved ›

Rental Policies ›

Sample Lease ›

Listing Office: NAVY TO NAVY HOMES LLC

Last Updated: July - 30 - 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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