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 CUNNINGHAM HOLLOW Way, St. Johns, FL 32259 (MLS# 2044929)

512 CUNNINGHAM HOLLOW Way, St. Johns, FL 32259

$490,000

Virtual Tour

https://www.zillow.com/view-3d-home/c025ce5c-7416-421d-a030-a13a382e6449?setAttribution=mls&wl=true&utm_source=dashboard

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,291 Lot Size (sq. ft.): 28,750 Status: Closed

Current Price: $490,000 List Date: 8/30/2024 Last Modified: 4/17/2026

Overview

Description

Welcome to the beautifully updated 4 bedroom, 2 bathroom home, spanning nearly 2,300 square feet in the highly desirable NW St Johns County. Veteran's eligible to assume $300,000 at 2.75%!!! Call for details. Nestled on a serene .66-acre lot overlooking a tranquil lake on Cunningham Hollow, this property offers a perfect blend of comfort and style. Inside you will find a spacious dining (or workout) room and a dedicated office (or playroom), ideal for working from home or playing with your kids. This home is a true gem, providing a peaceful retreat in a sought after community. New windows 2021, new roof 2017, Master shower refinished with sealed concrete. Community amenities include a swimming pool, playground and clubhouse. Cunningham Creek Plantation Park Association offers a Summer Pool Pass that can be purchased for $150 (+$20 key card deposit).

Listing Details MLS# 2044929

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2291
Living Area Source: Builder
Year Built: 1997
Lot Size Acres: 0.66
Association YN: Yes
Association Fee: 338
Association Fee Frequency: Annually
Association Phone: 904-268-0035
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: Yes
Senior Community YN: No
Direction Faces: West
Directions: S on 13, L on Roberts, L on Village Green, R on Cunningham Hollow, Home is on the L
Public Remarks: Welcome to the beautifully updated 4 bedroom, 2 bathroom home, spanning nearly 2,300 square feet in the highly desirable NW St Johns County. Veteran's eligible to assume $300,000 at 2.75%!!! Call for details. Nestled on a serene .66-acre lot overlooking a tranquil lake on Cunningham Hollow, this property offers a perfect blend of comfort and style. Inside you will find a spacious dining (or workout) room and a dedicated office (or playroom), ideal for working from home or playing with your kids. This home is a true gem, providing a peaceful retreat in a sought after community. New windows 2021, new roof 2017, Master shower refinished with sealed concrete. Community amenities include a swimming pool, playground and clubhouse. Cunningham Creek Plantation Park Association offers a Summer Pool Pass that can be purchased for $150 (+$20 key card deposit).
List Price/SqFt: 218.2
Sold Price/SqFt: 213.88

Property Features

Levels: One Appliances: Dishwasher; Disposal; Dryer; Electric Oven; Electric Water Heater; Microwave; Refrigerator; Washer; Water Softener Owned Fireplace Features: Wood Burning Interior Features: Breakfast Bar; Breakfast Nook; Ceiling Fan(s); His and Hers Closets; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Split Bedrooms Laundry Features: Electric Dryer Hookup; Sink; Washer Hookup Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Electric Water Source: Public Sewer: Public Sewer Construction Materials: Stucco Patio And Porch Features: Covered Roof: Shingle Parking Features: Garage Lot Features: Corner Lot View: Pond Waterfront Features: Pond Fencing: Back Yard Current Use: Single Family Association Amenities: Community Pool Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Appraisal; Financing; Home Sale; Inspection Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Dining Room; Family Room; Kitchen; Office; Primary Bedroom

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2024-08-30

Location Tax and Legal

Street Number: 512
Street Name: CUNNINGHAM HOLLOW
Street Suffix: Way
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Village Green

Status Change Information

Major Change Timestamp: 2025-01-31T20:19:39Z
Major Change Type: Status Change
Price Change Timestamp: 2024-11-05T19:49:06Z
Purchase Contract Date: 2024-12-13
Close Date: 2025-01-31
Close Price: 490000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Room Types

Bedroom 2 Level: Main
Bedroom 3 Level: Main
Bedroom 4 Level: Main
Dining Room Level: Main
Family Room Level: Main
Kitchen Level: Main
Office Level: Main
Primary Bedroom Level: Main

Room Information

Room Name	Level	Length	Width
Family Room	Main	18.00	18.00
Dining Room	Main	11.00	12.00
Office	Main	11.00	14.00
Kitchen	Main	11.00	12.00
Primary Bedroom	Main	21.00	13.00
Bedroom 2	Main	13.00	11.00
Bedroom 3	Main	10.00	12.00
Bedroom 4	Main	10.00	10.00

Documents

Listing Office: ROUND TABLE REALTY

Last Updated: April - 17 - 2026

Information deemed reliable but not guaranteed.