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.

517 KERNAN MILL Lane, St. Johns, FL 32259 (MLS# 2132457)

517 KERNAN MILL Lane, St. Johns, FL 32259

$2,700

Property Type: Residential Lease Bedrooms: 4 Baths: 2 Square Footage: 2,324 Lot Size (sq. ft.): 12,632 Status: Closed

Current Price: $2,700 List Date: 2/28/2026 Last Modified: 4/29/2026

Overview

Description

This Beautiful 4 bdr, 2 bath home has magnificent and relaxing LAKE VIEWS from the family room, kitchen and primary bedroom. Soaring ceilings with open plan with a very large kitchen and real wood floors through the primary bedroom, kitchen, dining, family and formal sitting area. The split lay-out offers privacy and remodeled on-suite master bath has separate shower, garden tub, dual vanity and large walk-in closet. Brick pavers throughout the back patio and front entry way. 3 car garage in a convenient St Johns location. All hard surface floors. No pets, no smoking. Renters Insurance rquired. Very clean! Use Rent Spree to apply $49. April Move in

Listing Details MLS# 2132457

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2324
Living Area Source: Assessor
Year Built: 1999
Lot Size Acres: 0.29
Association YN: No
Accessibility Features YN: Yes
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: No
Waterfront YN: Yes
Furnished: Unfurnished
Stories Total: Yes
Entry Level: Yes
Senior Community YN: No
Directions: San Jose Blvd South, then Left on Roberts Rd to Ivy Lakes on the LEFT. Turn into Ivy Lakes and continue until you see Kernan Mill Lane on the RIGHT. Yellow house on the RIGHT
Public Remarks: This Beautiful 4 bdr, 2 bath home has magnificent and relaxing LAKE VIEWS from the family room, kitchen and primary bedroom. Soaring ceilings with open plan with a very large kitchen and real wood floors through the primary bedroom, kitchen, dining, family and formal sitting area. The split lay-out offers privacy and remodeled on-suite master bath has separate shower, garden tub, dual vanity and large walk-in closet. Brick pavers throughout the back patio and front entry way. 3 car garage in a convenient St Johns location. All hard surface floors. No pets, no smoking. Renters Insurance rquired. Very clean! Use Rent Spree to apply $49. April Move in
List Price/SqFt: 1.16
Sold Price/SqFt: 1.16

Property Features

Additional Lease Terms: 12 Months Owner Pays: Cable TV; Electricity; Exterior Maintenance; Grounds Care; Hot Water Architectural Style: Ranch; Traditional Levels: One Appliances: Dishwasher; Disposal; Electric Oven; Electric Range; Microwave; Refrigerator Interior Features: Breakfast Bar; Breakfast Nook; Entrance Foyer; Pantry; Primary Downstairs; Split Bedrooms; Vaulted Ceiling(s) Association Amenities: Community Pool Water Source: Public Parking Features: Attached; Garage Waterfront Features: Lagoon Utilities: Cable Available; Water Connected Cooling: Electric Heating: Electric; Heat Pump

Contract Information

Rental Service: RentSpree
Rental Application URL: https://apply.link/0dKryDc
Property Sub Type: Single Family Residence
Listing Contract Date: 2026-02-28
Lease Term: 12 Months
Availability Date: 2026-04-24

Location Tax and Legal

Street Number: 517
Street Name: KERNAN MILL
Street Suffix: Lane
State: FL
County: St. Johns
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Ivy Lakes

Status Change Information

Major Change Timestamp: 2026-04-29T01:39:25Z
Major Change Type: Status Change
Price Change Timestamp: 2026-03-18T13:28:04Z
Purchase Contract Date: 2026-04-21
Close Date: 2026-04-26
Close Price: 2700

Fireplace Features

Fireplaces Total: Yes

More Information

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: April - 29 - 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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