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.

500 WALNUT Drive, St. Johns, FL 32259 (MLS# 1257409)

500 WALNUT Drive, St. Johns, FL 32259

$1,900

Property Type: Residential Lease Bedrooms: 3 Baths: 3 Square Footage: 1,814 Status: Closed

Current Price: $1,900 List Date: 11/13/2023 Last Modified: 9/22/2026

Overview

Description

Beautiful 3 Bedroom 2.5 bath townhome in St. Johns County . 2 car attached garage. Located on a cut-da-sac. Stainless appliances. Granite countertops. Wood floors . His and her sinks . Walk in closets . Screened in lanai overlooking nature preserve. $40 per month resident benefit package required.

Listing Details MLS# 1257409

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1814
Living Area Source: Public Records
Year Built: 2011
Association YN: No
Association Fee Frequency: One Time
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: Turn west onto Racetrack off US1, first left into Cypress Trace. After gate, first right onto Walnut Drive, last building on the right.
Public Remarks: Beautiful 3 Bedroom 2.5 bath townhome in St. Johns County . 2 car attached garage. Located on a cut-da-sac. Stainless appliances. Granite countertops. Wood floors . His and her sinks . Walk in closets . Screened in lanai overlooking nature preserve. $40 per month resident benefit package required.
List Price/SqFt: 1.07
Sold Price/SqFt: 1.05

Property Features

Appliances: Dishwasher; Electric Range; Microwave; Refrigerator Pool Features: None Cooling: Central Air Heating: Central Road Surface Type: Asphalt

Contract Information

Rental Service: Other
Rental Application URL: www.rtrpm.com
Property Sub Type: Single Family Residence
Property Attached YN: Yes
Listing Contract Date: 2023-11-13
Lease Term: 12 Months

Location Tax and Legal

Street Number: 500
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: 2024-01-11T16:57:13Z
Major Change Type: Status Change
Price Change Timestamp: 2023-12-07T17:55:29Z
Purchase Contract Date: 2023-12-20
Close Date: 2024-01-08
Close Price: 1900

Deposits and Fees

Application Fee: 60
Pet Fee/Deposit: 350

More Information

Historical Information

Public Historical Remarks 1: Water - Public: Y, Assoc Appl Fee: N, Tenant Pays All Utilities: Y, LeasePrepFeeTenant: 125
Public Historical Remarks 2: Pet Fee (Non Refund): Y, Occupancy: Immediate, Sewer - Public: Y, Vinyl Plank Flooring: Y

Listing Office: ROUND TABLE REALTY, PROPERTY MANAGEMENT INC

Last Updated: September - 22 - 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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