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.

641 MELROSE ABBEY Lane, St. Johns, FL 32259 (MLS# 2062597)

641 MELROSE ABBEY Lane, St. Johns, FL 32259

$3,500

Property Type: Residential Lease Bedrooms: 4 Baths: 4 Square Footage: 2,785 Lot Size (sq. ft.): 13,504 Status: Closed

Current Price: $3,500 List Date: 1/02/2025 Last Modified: 5/12/2026

Overview

Description

Welcome Home! This floorplan offers space for the entire family. Great foyer entrance. Two bedrooms at front of home that share a combined jack and jill bathroom. Formal dining is near the living room, and kitchen overlooks both area. Eating space off of kitchen. Kitchen has plenty of countertop space and storage. Large island for food prep and barstool sitting. Primary bedroom offers en suite- large walk in shower and closets. Additonally bedroom off of main entry way that has a flex space next to it- perfect for an in law set up, home office, secondary living room, or kids area. This space has a sink and a fridge with some storage! Gorgeous screeneed patio and oversized lot that backs to preserve. Pets welcome. Close to the new developments in Aberdeen and Durbin and highways. Residents have access to the Aberdeen amenities- gym, pool, parks, and walking spaces. All appliance convey.

Listing Details MLS# 2062597

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Half: Yes
Bathrooms Total: 4
Living Area: 2785
Living Area Source: Public Records
Year Built: 2019
Lot Size Acres: 0.31
Association YN: Yes
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: Yes
Senior Community YN: No
Directions: From Longleaf Pine, turn onto Queen Victoria Ave, turn onto Melrose Abbey
Public Remarks: Welcome Home! This floorplan offers space for the entire family. Great foyer entrance. Two bedrooms at front of home that share a combined jack and jill bathroom. Formal dining is near the living room, and kitchen overlooks both area. Eating space off of kitchen. Kitchen has plenty of countertop space and storage. Large island for food prep and barstool sitting. Primary bedroom offers en suite- large walk in shower and closets. Additonally bedroom off of main entry way that has a flex space next to it- perfect for an in law set up, home office, secondary living room, or kids area. This space has a sink and a fridge with some storage! Gorgeous screeneed patio and oversized lot that backs to preserve. Pets welcome. Close to the new developments in Aberdeen and Durbin and highways. Residents have access to the Aberdeen amenities- gym, pool, parks, and walking spaces. All appliance convey.
List Price/SqFt: 1.26
Sold Price/SqFt: 1.26

Property Features

Additional Lease Terms: 12 Months Appliances: Dishwasher; Disposal; Double Oven; Gas Range; Microwave; Refrigerator Interior Features: Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; In-Law Floorplan; Kitchen Island; Pantry; Primary Bathroom - Shower No Tub Patio And Porch Features: Screened Association Amenities: Jogging Path; Playground Water Source: Public Parking Features: Garage Fencing: Back Yard Utilities: Electricity Available; Water Available Cooling: Central Air Heating: Central Additional Fee Includes: Lease Prep Tenant Pays: All Utilities Pets Allowed: Cats OK; Dogs OK

Contract Information

Rental Service: Other
Rental Application URL: https://rent.findigs.com/44b8037f-3b26-4662-bc97-95b349bc2b7f?agent=a3eb4222-f1b9-4c36-8ecc-dcf0218
Property Sub Type: Single Family Residence
Listing Contract Date: 2024-02-02
Lease Term: 12 Months

Location Tax and Legal

Street Number: 641
Street Name: MELROSE ABBEY
Street Suffix: Lane
State: FL
County: St. Johns
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Aberdeen

Status Change Information

Major Change Timestamp: 2025-01-30T21:26:42Z
Major Change Type: Status Change
Purchase Contract Date: 2025-01-24
Close Date: 2025-01-29
Close Price: 3500

Deposits and Fees

Additional Fee: 150
Application Fee: 75
Security Deposit: 3500

More Information

Listing Office: NAVY TO NAVY HOMES LLC

Last Updated: May - 12 - 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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