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.

512 CARAWAY Court, St. Johns, FL 32259 (MLS# 1057600)

512 CARAWAY Court, St. Johns, FL 32259

$485,000

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,221 Status: Closed

Current Price: $485,000 List Date: 6/09/2020 Last Modified: 1/18/2026

Overview

Description

A castle on a hill top and A-rated schools! Located in the sought after Deer Run for its large lots and space between homes, this private 4 bed, 3 1/2 bath home features a formal study, upstairs retreat, and private backyard to play. New wide plank high-end engineered wood floors flow from the front door through all the living spaces and bedrooms on the 1st floor. Speaking of 1st floor, the master bedroom has a bay window with ample seating space, single french door to the back lanai, and room for royal sized furniture. Separate vanities with framed mirrors, an extra large Jacuzzi brand jetted tub, seamless glass shower, and separate wet closet, complete the master en-suite. 2 more bedrooms on the opposite side of the home create privacy for everyone.

Supplements: The kitchen, has a prep island with storage, plus a breakfast bar open to the family room and eating nook. Solid surface counters, double ovens, drop- in cook-top, and a Kitchen Aid dishwasher upgrade this centrally located kitchen. Upstairs, find a conforming large 4th bedroom retreat with a full bath and walk-in closet! Almost the entire back hal ... (Read more)

Listing Details MLS# 1057600

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 3221
Living Area Source: Public Records
Year Built: 1998
Association YN: Yes
Association Fee: 470
Association Fee Frequency: Annually
Association Name: Vesta
CDD Fee YN: Yes
CDD Fee Amount: 806
New Construction YN: No
Garage Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: Heading East on Race Track Rd, R onto Durbin Creek, R onto Cattail Circle, (Deer Run), R onto Sweetbrier Branch, L onto Caraway Ct. The home is on the right.
Public Remarks: A castle on a hill top and A-rated schools! Located in the sought after Deer Run for its large lots and space between homes, this private 4 bed, 3 1/2 bath home features a formal study, upstairs retreat, and private backyard to play. New wide plank high-end engineered wood floors flow from the front door through all the living spaces and bedrooms on the 1st floor. Speaking of 1st floor, the master bedroom has a bay window with ample seating space, single french door to the back lanai, and room for royal sized furniture. Separate vanities with framed mirrors, an extra large Jacuzzi brand jetted tub, seamless glass shower, and separate wet closet, complete the master en-suite. 2 more bedrooms on the opposite side of the home create privacy for everyone.
List Price/SqFt: 150.57
Sold Price/SqFt: 150.57

Property Features

Approx Parcel Size: .25 to .5 Acre Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer; Water Softener Owned Fireplace Features: Gas Interior Features: Breakfast Bar; Built-in Features; Eat-in Kitchen; Entrance Foyer; In-Law Floorplan; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Carpet; Tile; Wood Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Green Energy Efficient: Windows Security Features: Smoke Detector(s) Construction Materials: Frame; Shell Dash Patio And Porch Features: Covered; Patio; Porch; Screened Roof: Shingle Lot Features: Cul-De-Sac; Sprinklers In Front; Sprinklers In Rear Fencing: Back Yard Current Use: Residential Association Amenities: Children's Pool; Clubhouse; Community Pool; Fitness Center; Golf Course; Jogging Path; Playground; Tennis Court(s) Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2020-06-09

Location Tax and Legal

Street Number: 512
Street Name: CARAWAY
Street Suffix: Court
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Julington Creek

Status Change Information

Major Change Timestamp: 2020-08-24T17:31:32Z
Major Change Type: Status Change
Purchase Contract Date: 2020-06-14
Close Date: 2020-08-10
Close Price: 485000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Bath-Owner Bath W/Whirlpool: Y, Interior Amenities-Palladian Window(s): Y, Interior Amenities-Bay/Bow Window(s): Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Soccer Field(s): Y, Interior Amenities-Ceiling 8+ Ft.: Y, Side Entry Garage: Y, Fireplace-Family Room: Y

Room Information

Room Name
Living Room
Family Room
Office
Utility Room

Listing Office: ROUND TABLE REALTY

Last Updated: January - 18 - 2026

Information deemed reliable but not guaranteed.