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.

484 WALNUT Drive, St. Johns, FL 32259 (MLS# 1182396)

484 WALNUT Drive, St. Johns, FL 32259

$312,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,654 Status: Closed

Current Price: $312,000 List Date: 7/22/2022 Last Modified: 8/17/2026

Overview

Description

Move-in ready 3 bedroom, 2.5 bath townhome has a 2-car garage, preserve view, and wonderful upgrades galore! Large kitchen area includes a California kitchen with pendant lighting, all granite countertops, 42'' cabinets with crown moulding, black appliances, breakfast nook, and walk in pantry. Upgraded tile throughout downstairs lead out to screened in patio with area for grill and spacious back yard. Large master bedroom with 2 huge closets and and recently updated master bath to include granite countertops, double sinks, and garden tub/shower. Laundry room upstairs Water softner. gated community, community pool, tennis courts, playground and a nature trail around lake

Listing Details MLS# 1182396

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1654
Living Area Source: Public Records
Year Built: 2011
Association YN: Yes
Association Fee: 252
Association Fee Frequency: Monthly
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From US 1 (Phillips Highway), go west on Race Track Road 1/8 mile - turn left into subdivision. Go thru gate and take first right onto Walnut Dr, townhome on right
Public Remarks: Move-in ready 3 bedroom, 2.5 bath townhome has a 2-car garage, preserve view, and wonderful upgrades galore! Large kitchen area includes a California kitchen with pendant lighting, all granite countertops, 42'' cabinets with crown moulding, black appliances, breakfast nook, and walk in pantry. Upgraded tile throughout downstairs lead out to screened in patio with area for grill and spacious back yard. Large master bedroom with 2 huge closets and and recently updated master bath to include granite countertops, double sinks, and garden tub/shower. Laundry room upstairs Water softner. gated community, community pool, tennis courts, playground and a nature trail around lake
List Price/SqFt: 198.31
Sold Price/SqFt: 188.63

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Washer; Water Softener Owned Interior Features: Breakfast Bar; Kitchen Island; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Construction Materials: Stucco Patio And Porch Features: Patio; Screened Roof: Shingle Parking Features: Attached; Garage Current Use: Residential Association Amenities: Community Pool; Jogging Path; Playground; Trash Possession: Negotiable

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2022-07-21

Location Tax and Legal

Street Number: 484
Street Name: WALNUT
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Crossings At Cypress Trace

Status Change Information

Major Change Timestamp: 2022-09-13T18:17:15Z
Major Change Type: Status Change
Purchase Contract Date: 2022-08-18
Close Date: 2022-09-09
Close Price: 312000

DPR Eligible

DPR Eligible: No

More Information

Listing Office: OCCUPY REAL ESTATE GROUP, LLC.

Last Updated: August - 17 - 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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