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.

61 OLD HALE Way, St. Johns, FL 32259 (MLS# 1250328)

61 OLD HALE Way, St. Johns, FL 32259

$744,900

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 3,312 Status: Closed

Current Price: $744,900 List Date: 9/30/2023 Last Modified: 5/02/2026

Overview

Description

Luxury with all the perks can be found here in Oxford Estates. This prestigious gated, family-friendly community is located off Longleaf Pine Parkway in desirable St. Johns County. This fabulous community offers a wealth of amenities; a private entry gate, a swimming pool, a gazebo, a dog park, children parks, and ponds. Children will attend top-rated St. Johns County schools.

Listing Details MLS# 1250328

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 3312
Year Built: 2023
Association YN: Yes
Association Fee: 1124.1
Association Fee Frequency: Annually
CDD Fee YN: No
New Construction YN: Yes
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From I-95 take 210 West to Longleaf Pine Parkway. Make a right on Longleaf Pine Parkway, stay in the right lane. Entrance to Oxford Estates is ahead about 1 mile.
Public Remarks: Luxury with all the perks can be found here in Oxford Estates. This prestigious gated, family-friendly community is located off Longleaf Pine Parkway in desirable St. Johns County. This fabulous community offers a wealth of amenities; a private entry gate, a swimming pool, a gazebo, a dog park, children parks, and ponds. Children will attend top-rated St. Johns County schools.
List Price/SqFt: 224.91
Sold Price/SqFt: 224.91

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Ranch Property Condition: Under Construction Appliances: Dishwasher; Disposal; Gas Cooktop; Microwave Interior Features: Kitchen Island; Walk-In Closet(s) Utilities: Natural Gas Available Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Fiber Cement Roof: Shingle Parking Features: Attached; Garage Current Use: Residential; Single Family Association Amenities: Clubhouse; Community Pool Possession: Negotiable Listing Terms: Cash; Conventional; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2023-09-29

Location Tax and Legal

Street Number: 61
Street Name: OLD HALE
Street Suffix: Way
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Oxford Estates

Status Change Information

Major Change Timestamp: 2024-04-09T17:44:06Z
Major Change Type: Status Change
Purchase Contract Date: 2023-10-12
Close Date: 2024-03-22
Close Price: 744900

DPR Eligible

DPR Eligible: No

More Information

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y
Public Historical Remarks 3: Intermediate School: Other

Listing Office: DREES REALTY

Last Updated: May - 02 - 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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