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.

538 DRY BRANCH Way, St. Johns, FL 32259 (MLS# 730638)

538 DRY BRANCH Way, St. Johns, FL 32259

$1,375

Property Type: Residential Lease Bedrooms: 3 Baths: 3 Square Footage: 1,599 Status: Closed

Current Price: $1,375 List Date: 9/06/2014 Last Modified: 8/04/2026

Overview

Description

Great location in Julington Creek, 3/2.5 END unit townhome located in the Riverside gate townhome community. This home has a rear covered patio and a one car garage. Easy access to shopping and schools. Community has a pool.

Listing Details MLS# 730638

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1599
Living Area Source: Public Records
Year Built: 2005
Association YN: No
Association Fee Frequency: One Time
Garage Spaces: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 4
Directions: SR 13 South. Turn left onto Race Track Rd. Turn left into Riverside. Turn left onto Dry Branch.
Public Remarks: Great location in Julington Creek, 3/2.5 END unit townhome located in the Riverside gate townhome community. This home has a rear covered patio and a one car garage. Easy access to shopping and schools. Community has a pool.
List Price/SqFt: 0.86
Sold Price/SqFt: 0.86

Property Features

Appliances: Dishwasher; Electric Range; Microwave; Refrigerator Interior Features: Breakfast Bar; Split Bedrooms Patio And Porch Features: Covered Pool Features: None Association Amenities: Clubhouse; Community Pool Cooling: Central Air Heating: Central; Heat Pump Road Surface Type: Asphalt Pets Allowed: Yes

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: Yes
Listing Contract Date: 2014-08-01
Lease Term: Month To Month

Location Tax and Legal

Street Number: 538
Street Name: DRY BRANCH
Street Suffix: Way
State: FL
County: St. Johns
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Riverside

Status Change Information

Major Change Timestamp: 2023-11-19T13:02:15Z
Major Change Type: Price Reduced
Price Change Timestamp: 2014-09-06T13:15:39Z
Purchase Contract Date: 2014-09-10
Close Date: 2014-09-10
Close Price: 1375

Deposits and Fees

Application Fee: 50
Pet Fee/Deposit: 300
Security Deposit: 1400

More Information

Historical Information

Public Historical Remarks 1: Water - Public: Y, Assoc Appl Fee: N, Tenant Pays All Utilities: Y, Roof: Shingle, Common Club Amenities-Club Facilities: Y
Public Historical Remarks 2: Pet Fee (Non Refund): Y, Occupancy: Immediate, Sewer - Public: Y, Parcel Size: Less than .25 acre, Exterior Wall: Stucco, Townhouse: Y
Public Historical Remarks 3: Date Available: NOW

Listing Office: APEX REALTY SERVICES

Last Updated: August - 04 - 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.