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.

50 OLIVETTE Street, St. Johns, FL 32259 (MLS# 2117732)

50 OLIVETTE Street, St. Johns, FL 32259

$600,000

Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 2,639 Lot Size (sq. ft.): 7,405 Status: Closed

Current Price: $600,000 List Date: 11/13/2025 Last Modified: 3/15/2026

Overview

Description

Experience refined Rivertown living in this exceptional home. A rare and highly sought after 5-bedroom (plus an office), 4-bath, 3 car garage home ideally positioned on a premium lot that backs up to a tranquil preserve and faces a beautifully manicured lake boasting tons of wildlife. Built with craftsmanship and attention to detail rarely found in today's new construction. This home is thoughtfully updated with a new roof, new AC, and new tankless water heater. This home offers both comfort and peace of mind. The gourmet kitchen impresses with a large island, granite stone countertops, a gas cooktop, and pantry with custom built-ins. The open-concept layout features a desirable 3-way split floor plan, and the primary bedroom on the main level, creating the perfect balance of connection and privacy. Upstairs, a spacious bonus suite with its own bathroom provides an ideal retreat for guests or family.

Supplements: Enjoy relaxing evenings on the screened-in back patio, where you can unwind while taking in the peaceful natural setting or spend time on the front porch, rocking in your chairs as you watch the sunset over the lake. This home blends modern upgrades, versatile living spaces, and serene surroundings offering the best of Florida living. Zoned top rat ... (Read more)

Listing Details MLS# 2117732

General Property Information

Bedrooms Total: 5
Bathrooms Full: 4
Bathrooms Total: 4
Living Area: 2639
Living Area Source: Public Records
Year Built: 2013
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.17
Association YN: Yes
Association Fee: 53
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 3010.69
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Senior Community YN: No
Direction Faces: West
Directions: San Jose S/SR 13 through a roundabout Rivertown Blvd. Turn Right on Kendall Crossing, left on Riverwalk Blvd. Right on Orange Trail, left on Olivette St, home is on the right. Walk to Riverfront Park for sunset!!
Public Remarks: Experience refined Rivertown living in this exceptional home. A rare and highly sought after 5-bedroom (plus an office), 4-bath, 3 car garage home ideally positioned on a premium lot that backs up to a tranquil preserve and faces a beautifully manicured lake boasting tons of wildlife. Built with craftsmanship and attention to detail rarely found in today's new construction. This home is thoughtfully updated with a new roof, new AC, and new tankless water heater. This home offers both comfort and peace of mind. The gourmet kitchen impresses with a large island, granite stone countertops, a gas cooktop, and pantry with custom built-ins. The open-concept layout features a desirable 3-way split floor plan, and the primary bedroom on the main level, creating the perfect balance of connection and privacy. Upstairs, a spacious bonus suite with its own bathroom provides an ideal retreat for guests or family.
List Price/SqFt: 236.83
Sold Price/SqFt: 227.36

Property Features

Architectural Style: Ranch Levels: Two Property Condition: Updated/Remodeled Appliances: Dishwasher; Double Oven; Dryer; Gas Cooktop; Microwave; Tankless Water Heater; Washer; Water Softener Owned Interior Features: Breakfast Nook; Ceiling Fan(s); Central Vacuum; Eat-in Kitchen; Entrance Foyer; Guest Suite; Jack and Jill Bath; Kitchen Island; Open Floorplan; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile Laundry Features: Lower Level Utilities: Cable Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Electric: 150 Amp Service Water Source: Public Sewer: Public Sewer Security Features: Carbon Monoxide Detector(s); Fire Alarm; Security System Owned; Smoke Detector(s) Construction Materials: Fiber Cement Other Structures: Outdoor Kitchen Exterior Features: Fire Pit; Outdoor Kitchen Patio And Porch Features: Covered; Front Porch; Porch; Rear Porch; Screened Roof: Shingle Parking Features: Garage; On Street Lot Features: Easement Access; Sprinklers In Front; Wooded View: Pond Waterfront Features: Pond Current Use: Residential Association Amenities: Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Jogging Path; Management - Full Time; Park; Playground; Spa/Hot Tub; Tennis Court(s) Association Fee Includes: Maintenance Grounds Community Features: Curbs; Restaurant; Sidewalks Road Frontage Type: City Street Road Surface Type: Paved Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Appraisal; Inspection