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.

489 WALNUT Drive, St. Johns, FL 32259 (MLS# 2048969)

489 WALNUT Drive, St. Johns, FL 32259

$279,000

Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,744 Lot Size (sq. ft.): 2,178 Status: Closed

Current Price: $279,000 List Date: 9/24/2024 Last Modified: 1/12/2026

Overview

Description

Enjoy the waterfront view from your screened in lanai in this beautiful and roomy 1,744 sqft town home. New a/c installed in 2022. As you enter the home you will be greeted by the 10'' ceilings and open floor plan kitchen boasting an island with breakfast bar, and granite counter tops. Large walk in pantry, 42'' cabinets. And open eat-in dining area. Main floor also has a half bathroom. Upstairs features two large main bedrooms with their own individual en suite bathrooms. Extensive area in one of the bedrooms for extra space. Bathrooms feature granite counter tops. And there is also a laundry room with cabinets in the upstairs hallway. If storage is needed one of the best features is the 2 car garage! Attachable hurricane shutters also included with the home. All nestled within a gated community with amenities including a pool, baby pool, playground, tennis courts, basketball courts, and a paved walking trail around the lake. Great location in the northern part of St Johns county

Supplements: close to all Jacksonville and St Johns county has to offer. New shopping area just built outside of the community. A short 20 minute drive to the beach. And zoned for St. Johns county top rated schools.

Listing Details MLS# 2048969

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1744
Living Area Source: Public Records
Year Built: 2011
Lot Size Acres: 0.05
Association YN: Yes
Association Fee: 200.74
Association Fee Frequency: Monthly
Association Fee 2: 94
Association Fee 2 Frequency: Monthly
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: 2
Senior Community YN: No
Directions: From 295, take Phillips Highway S. Turn right on Racetrack Rd. Turn left on N. Big Cypress Drive. Go through gate. Turn right on Walnut Dr. Home is on the left.
Public Remarks: Enjoy the waterfront view from your screened in lanai in this beautiful and roomy 1,744 sqft town home. New a/c installed in 2022. As you enter the home you will be greeted by the 10'' ceilings and open floor plan kitchen boasting an island with breakfast bar, and granite counter tops. Large walk in pantry, 42'' cabinets. And open eat-in dining area. Main floor also has a half bathroom. Upstairs features two large main bedrooms with their own individual en suite bathrooms. Extensive area in one of the bedrooms for extra space. Bathrooms feature granite counter tops. And there is also a laundry room with cabinets in the upstairs hallway. If storage is needed one of the best features is the 2 car garage! Attachable hurricane shutters also included with the home. All nestled within a gated community with amenities including a pool, baby pool, playground, tennis courts, basketball courts, and a paved walking trail around the lake. Great location in the northern part of St Johns county
List Price/SqFt: 166.28
Sold Price/SqFt: 159.98

Property Features

Appliances: Dishwasher; Electric Range; Electric Water Heater; Microwave; Refrigerator Interior Features: Breakfast Bar; Ceiling Fan(s); Eat-in Kitchen; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Tub with Shower; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Electric Dryer Hookup; In Unit; Upper Level; Washer Hookup Utilities: Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Construction Materials: Stucco Exterior Features: Tennis Court(s) Patio And Porch Features: Covered; Patio; Screened Pool Features: In Ground; Fenced Roof: Shingle Parking Features: Garage View: Pond Waterfront Features: Pond Current Use: Residential; Single Family Association Amenities: Community Pool; Gated; Playground; Tennis Court(s) Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Appraisal; Inspection