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.

496 WALNUT Drive, St. Johns, FL 32259 (MLS# 2131560)

496 WALNUT Drive, St. Johns, FL 32259

$2,100

Property Type: Residential Lease Bedrooms: 3 Baths: 3 Square Footage: 1,673 Lot Size (sq. ft.): 3,485 Status: Closed

Current Price: $2,100 List Date: 2/23/2026 Last Modified: 10/15/2026

Overview

Description

St. Johns top-rated school district! Beautiful end unit townhome. Open floor plan with a large great room. Kitchen has granite countertop and 42'' cabinets with walk-in pantry. 3 large bedrooms upstairs as well as 2 full baths and separate laundry room complete with washer and dryer. Master suite has 2 walk-in closets. Screened in lanai with relaxing preserve view. Large 2 car garage with metal shelving for extra storage. Quick access to shopping and Durbin Pavilion Town Ctr.

Listing Details MLS# 2131560

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1673
Living Area Source: Assessor
Year Built: 2011
Accessory Dwelling Unit Y/N: No
Lot Size Acres: 0.08
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 US 1 GO WEST ON RACETRACK RD., LEFT ONTO BIG CYPRESS DR, GO THRU GATE MAKE FIRST RIGHT ONTO WALNUT DR.
Public Remarks: St. Johns top-rated school district! Beautiful end unit townhome. Open floor plan with a large great room. Kitchen has granite countertop and 42'' cabinets with walk-in pantry. 3 large bedrooms upstairs as well as 2 full baths and separate laundry room complete with washer and dryer. Master suite has 2 walk-in closets. Screened in lanai with relaxing preserve view. Large 2 car garage with metal shelving for extra storage. Quick access to shopping and Durbin Pavilion Town Ctr.
List Price/SqFt: 1.26
Sold Price/SqFt: 1.26

Property Features

Additional Lease Terms: 12 Months Owner Pays: Association Fees; Common Area Maintenance; Exterior Maintenance; Grounds Care; Repairs; Taxes; Trash Collection Architectural Style: Other Levels: Two Appliances: Dishwasher; Disposal; Electric Cooktop; Electric Range; Microwave; Refrigerator; Washer Laundry Features: Upper Level Association Amenities: Community Pool; Gated Water Source: Public Parking Features: Additional Parking; Attached; Garage; Garage Door Opener Sewer: Public Sewer Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Road Surface Type: Asphalt Additional Fee Includes: Lease Prep Rent Includes: Trash Collection Tenant Pays: All Utilities Pets Allowed: Yes; Breed Restrictions

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2026-02-22
Lease Term: 12 Months
Availability Date: 2026-04-15

Location Tax and Legal

Street Number: 496
Street Name: WALNUT
Street Suffix: Drive
State: FL
County: St. Johns
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Crossings At Cypress Trace

Status Change Information

Major Change Timestamp: 2026-04-18T21:54:14Z
Major Change Type: Status Change
Purchase Contract Date: 2026-04-03
Close Date: 2026-04-18
Close Price: 2100

Deposits and Fees

Pet Fee/Deposit: 250
Security Deposit: Yes

More Information

Listing Office: FLORIDA HOMES REALTY & MORTGAGE PROPERTY MANAGEMENT

Last Updated: October - 15 - 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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