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.

493 WALNUT Drive, St. Johns, FL 32259 (MLS# 2170522)

493 WALNUT Drive, St. Johns, FL 32259

$249,000

Virtual Tour

https://view.spiro.media/order/8a27fb1a-af40-40ac-a529-8c410cefd3e3?version=395_140&branding=false

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,747 Lot Size (sq. ft.): 2,614 Status: Active Under Contract

Current Price: $249,000 List Date: 10/22/2026 Last Modified: 10/28/2026

Overview

Description

Welcome to this charming home in the desirable Crossings at Cypress Trace community in St. Johns! This inviting tow story condo offers 3 bedroom, 2.5 bathrooms and approximately 1747 square feet of living space designed for comfortable everyday living. The kitchen features granite countertops, and a convenient center Island, creating a welcoming space for preparing meals and entertaining. Enjoy the added flexibility of an upstairs loft, perfect for a second living area, home office, or game room. unwind on the screened-in porch and take in the peaceful water views, or enjoy the community amenities, including the neighborhood pool. With an attached two car garage, convenient location, and access to the shopping, dining and schools of the St. Johns area, this home offers a wonderful combination of comfort and convenience. Whether you're looking for your first home, a place to grow, or a fresh start in a sought-after location, this property is ready to welcome its next owner. Home as is!

Listing Details MLS# 2170522

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1747
Living Area Source: Public Records
Year Built: 2011
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Lot Size Acres: 0.06
Association YN: Yes
Association Fee: 274
Association Fee Frequency: Monthly
Association Fee 2: 100
Association Fee 2 Frequency: Monthly
Association Name: Crossings at Cypress Trace Homeowners Association
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: 2
Entry Level: Yes
Senior Community YN: No
Directions: Follow I-295 S and US-1 S to Race Track Rd Take Big Cypress Dr to Walnut Dr in St. Johns County Turn right onto Walnut Dr
Public Remarks: Welcome to this charming home in the desirable Crossings at Cypress Trace community in St. Johns! This inviting tow story condo offers 3 bedroom, 2.5 bathrooms and approximately 1747 square feet of living space designed for comfortable everyday living. The kitchen features granite countertops, and a convenient center Island, creating a welcoming space for preparing meals and entertaining. Enjoy the added flexibility of an upstairs loft, perfect for a second living area, home office, or game room. unwind on the screened-in porch and take in the peaceful water views, or enjoy the community amenities, including the neighborhood pool. With an attached two car garage, convenient location, and access to the shopping, dining and schools of the St. Johns area, this home offers a wonderful combination of comfort and convenience. Whether you're looking for your first home, a place to grow, or a fresh start in a sought-after location, this property is ready to welcome its next owner. Home as is!
List Price/SqFt: 142.53

Property Features

Levels: Two Appliances: Refrigerator Flooring: Luxury Vinyl; Tile Utilities: Cable Available; Electricity Available; Electricity Connected; Sewer Available; Sewer Connected; Water Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Roof: Shingle Parking Features: Additional Parking; Garage Door Opener Lot Features: Dead End Street Waterfront Features: Pond Current Use: Residential Association Amenities: Basketball Court; Community Pool; Pickleball; Tennis Court(s) Community Features: Gated Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Appraisal; Financing; Inspection

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2026-10-22

Location Tax and Legal

Street Number: 493
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: 2026-10-28T02:34:33Z
Major Change Type: Status Change
Contingency: Active Under Contract
Contingent Date: 2026-10-27

DPR Eligible

DPR Eligible: Yes

More Information

Listing Office: MOMENTUM REALTY

Last Updated: October - 28 - 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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