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.

63 WAMBAW Drive, St. Johns, FL 32259 (MLS# 2120584)

63 WAMBAW Drive, St. Johns, FL 32259

$425,000

Virtual Tour

https://www.zillow.com/view-imx/e1a3309a-d355-421d-8a87-a4b6a52eb626?wl=true&setAttribution=mls&initialViewType=pano

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,055 Lot Size (sq. ft.): 4,792 Status: Closed

Current Price: $425,000 List Date: 12/06/2025 Last Modified: 1/30/2026

Overview

Description

Welcome home to RiverTown, a sought-after resort-style community nestled along the St. Johns River. This impeccable two-year-old property is better than new, enhanced with lush landscaping and post-construction upgrades, including a fenced yard, custom paint accents, tile backsplash, and upgraded flooring upstairs for a clean, cohesive feel throughout. Perfectly situated just down the street from A-rated Hallowes Cove Academy and the new Riverlodge amenity center, this home offers an open concept layout designed for everyday living and easy entertaining. The chef's kitchen features gas appliances, quartz countertops, large island, and a generous walk-in pantry that wraps around the corner and extends beneath the stairs, providing abundant storage. Upstairs, a flexible loft creates the ideal secondary living space, home office, playroom or teen retreat, giving you options to suit your needs.

Supplements: RiverTown is more than a neighborhood, it's a lifestyle. Enjoy resort-style amenities including biking trails, paw parks, nature preserves, sports courts (pickleball, tennis, and basketball), a soccer field, fitness centers, a play park, amphitheater, and pools that rival the finest resorts. Come see why RiverTown continues to be one of the area's ... (Read more)

Listing Details MLS# 2120584

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2055
Living Area Source: Builder
Year Built: 2023
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Lot Size Acres: 0.11
Association YN: Yes
Association Fee: 50
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 2580.5
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: 2
Carport YN: No
Pool Private YN: No
Water Body Access YN: Yes
Waterfront YN: No
Furnished: Unfurnished
Stories: 2
Entry Level: Yes
Senior Community YN: No
Directions: From Rivertown Main Street, turn right onto Twilight Tear Way, then immediately turn left onto Wambaw Dr. Home is on the left.
Public Remarks: Welcome home to RiverTown, a sought-after resort-style community nestled along the St. Johns River. This impeccable two-year-old property is better than new, enhanced with lush landscaping and post-construction upgrades, including a fenced yard, custom paint accents, tile backsplash, and upgraded flooring upstairs for a clean, cohesive feel throughout. Perfectly situated just down the street from A-rated Hallowes Cove Academy and the new Riverlodge amenity center, this home offers an open concept layout designed for everyday living and easy entertaining. The chef's kitchen features gas appliances, quartz countertops, large island, and a generous walk-in pantry that wraps around the corner and extends beneath the stairs, providing abundant storage. Upstairs, a flexible loft creates the ideal secondary living space, home office, playroom or teen retreat, giving you options to suit your needs.
List Price/SqFt: 211.68
Sold Price/SqFt: 206.81

Property Features

Levels: Two Appliances: Dishwasher; Disposal; Dryer; Gas Oven; Gas Range; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Breakfast Nook; Ceiling Fan(s); Kitchen Island; Open Floorplan; Pantry; Primary Bathroom - Shower No Tub; Walk-In Closet(s) Laundry Features: Upper Level Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Composition Siding Patio And Porch Features: Covered; Rear Porch Parking Features: Garage Water Body Access Type: Association Fencing: Back Yard Current Use: Residential Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Dog Park; Fitness Center; Jogging Path; Maintenance Grounds; Park; Pickleball; Playground; Tennis Court(s) Association Fee Includes: Maintenance Grounds Community Features: Curbs; Restaurant; Sidewalks; Street Lights; Suburban Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan