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.

603 SOUTHBRANCH Drive, St. Johns, FL 32259 (MLS# 2012537)

603 SOUTHBRANCH Drive, St. Johns, FL 32259

$250,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,346 Lot Size (sq. ft.): 1,742 Status: Closed

Current Price: $250,000 List Date: 3/05/2024 Last Modified: 2/05/2026

Overview

Description

Well maintained and spacious 2 bed 2.5 bath townhome with 1 car garage is located in desirable community of Southern Creek in the heart of beautiful Julington Creek. It's great for first time home buyer or investors. New roof, and water heater. Tile throughout downstairs. Newer laminate flooring on stairs and small loft upstairs. All bedrooms including master are located upstairs with private bathrooms and walk in closets. Zoned for A+ St Johns Schools, short drive to shopping, restaurants and highways. Community offers resort style amenities with two large pools, fitness center, basketball, volleyball playgrounds and more!

Listing Details MLS# 2012537

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1346
Living Area Source: Public Records
Year Built: 2003
Lot Size Acres: 0.04
Association YN: Yes
Association Fee: 260
Association Fee Frequency: Quarterly
CDD Fee YN: Yes
CDD Fee Amount: 450
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Senior Community YN: No
Directions: Head west on Race Track Rd toward Dragonfly Dr. Turn right onto Southbranch Dr. Home on Left.
Public Remarks: Well maintained and spacious 2 bed 2.5 bath townhome with 1 car garage is located in desirable community of Southern Creek in the heart of beautiful Julington Creek. It's great for first time home buyer or investors. New roof, and water heater. Tile throughout downstairs. Newer laminate flooring on stairs and small loft upstairs. All bedrooms including master are located upstairs with private bathrooms and walk in closets. Zoned for A+ St Johns Schools, short drive to shopping, restaurants and highways. Community offers resort style amenities with two large pools, fitness center, basketball, volleyball playgrounds and more!
List Price/SqFt: 192.42
Sold Price/SqFt: 185.74

Property Features

Appliances: Dishwasher; Dryer; Electric Cooktop; Microwave; Washer Utilities: Electricity Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Parking Features: Attached Current Use: Residential Association Amenities: Community Pool Possession: Other Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2024-03-05

Location Tax and Legal

Street Number: 603
Street Name: SOUTHBRANCH
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Southcreek

Status Change Information

Major Change Timestamp: 2024-05-10T20:30:18Z
Major Change Type: Status Change
Purchase Contract Date: 2024-03-28
Close Date: 2024-05-10
Close Price: 250000

DPR Eligible

DPR Eligible: No

More Information

Documents

SPD ›

Listing Office: LOKATION

Last Updated: February - 05 - 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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