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.

592 BROWN BEAR Run, St. Johns, FL 32259 (MLS# 1203749)

592 BROWN BEAR Run, St. Johns, FL 32259

$480,985

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,266 Status: Closed

Current Price: $480,985 List Date: 12/08/2022 Last Modified: 7/17/2026

Overview

Description

Home has sold. Entered for comps purposes. New construction, Lennar Tivoli plan. 4/3, 3 car garage. 42'' staggered cabinets with trim, quartz countertops, all S/S appliances. Wood look ceramic tile flooring, pavered driveway. tankless water heater, gas range. Screened in pavered lanai facing the water. All appliances, smart home wiring, waterfront lot.

Listing Details MLS# 1203749

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 2266
Living Area Source: Plans
Year Built: 2022
Association YN: Yes
Association Fee: 789.58
Association Fee Frequency: Annually
Association Fee 2 Frequency: One Time
CDD Fee YN: No
New Construction YN: Yes
Garage Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Stories: Yes
Directions: From Longleaf Pine, cross Greenbriar and CR210, subdivision is on the right shortly after Rivertown.
Public Remarks: Home has sold. Entered for comps purposes. New construction, Lennar Tivoli plan. 4/3, 3 car garage. 42'' staggered cabinets with trim, quartz countertops, all S/S appliances. Wood look ceramic tile flooring, pavered driveway. tankless water heater, gas range. Screened in pavered lanai facing the water. All appliances, smart home wiring, waterfront lot.
List Price/SqFt: 212.26
Sold Price/SqFt: 212.26

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Ranch Appliances: Dishwasher; Dryer; Gas Cooktop; Gas Range; Ice Maker; Microwave; Tankless Water Heater; Washer Interior Features: Breakfast Bar; Breakfast Nook; Eat-in Kitchen; Entrance Foyer; In-Law Floorplan; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Split Bedrooms; Walk-In Closet(s) Flooring: Carpet; Tile Utilities: Cable Connected Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Fiber Cement; Frame Pool Features: None Roof: Shingle Parking Features: Additional Parking; Attached; Garage; Garage Door Opener Waterfront Features: Pond Current Use: Residential; Single Family Association Amenities: Community Pool; Playground; Trash 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: 2022-06-28

Location Tax and Legal

Street Number: 592
Street Name: BROWN BEAR
Street Suffix: Run
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Grand Creek North

Status Change Information

Major Change Timestamp: 2022-12-08T16:55:51Z
Major Change Type: Status Change
Purchase Contract Date: 2022-10-29
Close Date: 2022-10-30
Close Price: 480985

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Mandatory Fees: Y, Interior Amenities-Window Treatment(s): Y, Interior Amenities-Tinted Window(s): Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Suburban Lot Location: Y
Public Historical Remarks 2: Builder Warranty: Y, Energy Features-Ceiling Fan(s): Y, Bath-Garden Bath: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-Sliding Glass Door(s): Y
Public Historical Remarks 3: Intermediate School: Other

Room Information

Room Name
Great Room
Utility Room

Listing Office: NON MLS (realMLS)

Last Updated: July - 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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