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.

636 E TROPICAL Trace, St. Johns, FL 32259 (MLS# 735964)

636 E TROPICAL Trace, St. Johns, FL 32259

$244,000

Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 2,362 Status: Closed

Current Price: $244,000 List Date: 9/09/2014 Last Modified: 6/04/2026

Overview

Description

Great home located in Julington Creek. Freshly painted and new carpeting enhance the properties appeal. Open kitchen with dark rich cabinets flows into the family room with a fireplace. Master bedroom is spacious and located on the first floor. This is a Fannie Mae HomePath property.

Listing Details MLS# 735964

General Property Information

Bedrooms Total: 5
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 2362
Living Area Source: Public Records
Year Built: 2004
Lot Size Dimensions: .13
Association YN: Yes
Association Fee: 380
Association Fee Frequency: Annually
Association Name: May Management
Association Phone: 904-880-8796
CDD Fee YN: Yes
CDD Fee Amount: 726.71
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From SR 13, East on Race Track Road, L into The Oaks, R on Tropical. Home is on the left.
Public Remarks: Great home located in Julington Creek. Freshly painted and new carpeting enhance the properties appeal. Open kitchen with dark rich cabinets flows into the family room with a fireplace. Master bedroom is spacious and located on the first floor. This is a Fannie Mae HomePath property.
List Price/SqFt: 105
Sold Price/SqFt: 103.3

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Traditional Appliances: Electric Water Heater Interior Features: Pantry; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Split Bedrooms Flooring: Carpet; Tile; Wood Cooling: Central Air Heating: Central; Heat Pump Water Source: Public Sewer: Public Sewer Construction Materials: Frame; Stucco Patio And Porch Features: Covered; Patio Pool Features: None Roof: Shingle Parking Features: Attached; Garage Current Use: Residential 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: 2014-09-08

Location Tax and Legal

Street Number: 636
Street Direction Prefix: E
Street Name: TROPICAL
Street Suffix: Trace
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Julington Creek Plan

Status Change Information

Major Change Timestamp: 2014-11-17T22:04:53Z
Major Change Type: Status Change
Purchase Contract Date: 2014-10-01
Close Date: 2014-11-17
Close Price: 244000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Dining-Kitchen/Family Combo: Y, Kitchen-Solid Surface Countertops: Y
Public Historical Remarks 2: Energy Features-Forced Air: Y, Bath-Garden Bath: Y, Interior Amenities-Sliding Glass Door(s): Y, Tile Fireplace: Y
Public Historical Remarks 3: Occupant Type: Vacant -Lockbox, See ShowingAssist, See Private Remarks

Room Information

Room Name
Utility Room

Listing Office: HOME PLACE REALTY

Last Updated: June - 04 - 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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