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.

540 CUNNINGHAM HOLLOW Way, St. Johns, FL 32259 (MLS# 2052725)

540 CUNNINGHAM HOLLOW Way, St. Johns, FL 32259

$570,000

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,279 Lot Size (sq. ft.): 21,780 Status: Closed

Current Price: $570,000 List Date: 10/19/2024 Last Modified: 4/17/2026

Overview

Description

***OPEN HOUSE 12.29 2-4pm***Welcome to your dream home where the only thing as beautiful as its updates is its outdoor oasis with huge pool and pond views! This delightful 4-Bed, 2-Bath home in St. Johns offers a generous approximate 2,279 square feet of renovated bliss. Step inside to discover a shiplap-adorned fireplace, new floors throughout ,updated mudroom, and all BRAND NEW kitchen appliances.The primary bedroom's bath feels like a spa retreat with updated vanities for a cozy feel. Step outside to your family's dream backyard, featuring a huge swimming pool with a brand-new pump, new fence and is perfect for Florida's sunny days. A cedar gazebo on a concrete slab awaits your family gatherings, not to forget the waterfront view that ensures your coffee times are postcard-worthy. Oh, and for those adventure lovers, there is a private RV/Boat parking spot right at home! This is a MUST see!

Listing Details MLS# 2052725

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2279
Living Area Source: Public Records
Year Built: 1999
Lot Size Acres: 0.5
Association YN: Yes
Association Fee: 338
Association Fee Frequency: Annually
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: Yes
Water Body Access YN: No
Waterfront YN: Yes
Stories: Yes
Senior Community YN: No
Directions: SR13 SOUTH PAST RACE TRACK RD, TURN LEFT ONTO ROBERTS RD, APPROX 1 MILE TURN LEFT INTO VILLAGE GREEN, TURN INTO CUNNINGHAM HOLLOW WAY, HOUSE IS DOWN ON LEFT AT 540
Public Remarks: ***OPEN HOUSE 12.29 2-4pm***Welcome to your dream home where the only thing as beautiful as its updates is its outdoor oasis with huge pool and pond views! This delightful 4-Bed, 2-Bath home in St. Johns offers a generous approximate 2,279 square feet of renovated bliss. Step inside to discover a shiplap-adorned fireplace, new floors throughout ,updated mudroom, and all BRAND NEW kitchen appliances.The primary bedroom's bath feels like a spa retreat with updated vanities for a cozy feel. Step outside to your family's dream backyard, featuring a huge swimming pool with a brand-new pump, new fence and is perfect for Florida's sunny days. A cedar gazebo on a concrete slab awaits your family gatherings, not to forget the waterfront view that ensures your coffee times are postcard-worthy. Oh, and for those adventure lovers, there is a private RV/Boat parking spot right at home! This is a MUST see!
List Price/SqFt: 252.3
Sold Price/SqFt: 250.11

Property Features

Appliances: Refrigerator Fireplace Features: Wood Burning Utilities: Cable Available; Water Connected Cooling: Central Air Heating: Central Water Source: Public Patio And Porch Features: Covered Pool Features: In Ground; Fenced Parking Features: Additional Parking; Garage View: Pond Waterfront Features: Pond Current Use: Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Other

Contract Information

Property Sub Type: Single Family Residence
Listing Contract Date: 2024-10-19

Location Tax and Legal

Street Number: 540
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: 2025-01-23T17:51:32Z
Major Change Type: Status Change
Price Change Timestamp: 2024-12-02T17:50:22Z
Purchase Contract Date: 2024-12-30
Close Date: 2025-01-23
Close Price: 570000

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Documents

Listing Office: HOVER GIRL PROPERTIES

Last Updated: April - 17 - 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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