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.

707 CHESSWOOD Court, St. Johns, FL 32259 (MLS# 1225458)

707 CHESSWOOD Court, St. Johns, FL 32259

$476,323

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,208 Status: Closed

Current Price: $476,323 List Date: 5/04/2023 Last Modified: 4/17/2026

Overview

Description

*Highest&best 5/6 @12pm* Stunning 4 bedroom/2 bath home on cul-de-sac street. Spacious, fenced back yard with ample room for a pool. Vaulted ceilings with hardwood floors throughout. Freshly painted interior, new roof in 2022, new AC system and ductwork in 2020, new water heater in 2020. Newer stainless-steel appliances, updated bathrooms and welcoming laundry room with drop zone. Dine on the outdoor patio or in the covered lanai with views of expansive preserve and wildlife. Mature landscaping provides generous shade and privacy in your own backyard oasis. Beat the car line with a short walk through the neighborhood to an A-rated Elementary school. No CDD Fees and low HOA Dues. Walk out your front door to community golf course, library, and local playgrounds.

Listing Details MLS# 1225458

General Property Information

Bedrooms Total: 4
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 2208
Living Area Source: Public Records
Year Built: 1987
Lot Size Dimensions: .29
Association YN: Yes
Association Fee: 480
Association Fee Frequency: Annually
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: From 9B, exit Peyton Pkwy. Left onto Race Track Rd. Left onto Durbin Creek Blvd. Left onto Linwood Loop. Right onto Chesswood Ct.
Public Remarks: *Highest&best 5/6 @12pm* Stunning 4 bedroom/2 bath home on cul-de-sac street. Spacious, fenced back yard with ample room for a pool. Vaulted ceilings with hardwood floors throughout. Freshly painted interior, new roof in 2022, new AC system and ductwork in 2020, new water heater in 2020. Newer stainless-steel appliances, updated bathrooms and welcoming laundry room with drop zone. Dine on the outdoor patio or in the covered lanai with views of expansive preserve and wildlife. Mature landscaping provides generous shade and privacy in your own backyard oasis. Beat the car line with a short walk through the neighborhood to an A-rated Elementary school. No CDD Fees and low HOA Dues. Walk out your front door to community golf course, library, and local playgrounds.
List Price/SqFt: 210.6
Sold Price/SqFt: 215.73

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Appliances: Dishwasher; Electric Range; Electric Water Heater; Refrigerator Fireplace Features: Wood Burning Interior Features: Entrance Foyer; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms Flooring: Wood Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Construction Materials: Brick Patio And Porch Features: Patio Pool Features: None Roof: Shingle Parking Features: Attached; Garage Lot Features: Wooded Fencing: Fenced; Full Current Use: Residential; Single Family Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2023-05-04

Location Tax and Legal

Street Number: 707
Street Name: CHESSWOOD
Street Suffix: Court
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: 2023-06-15T21:59:27Z
Major Change Type: Status Change
Purchase Contract Date: 2023-05-06
Close Date: 2023-06-15
Close Price: 476323

Fireplace Features

Fireplaces Total: Yes

More Information

DPR Eligible

DPR Eligible: No

Historical Information

Public Historical Remarks 2: Interior Amenities-French Door(s): Y
Public Historical Remarks 3: Intermediate School: Other

Documents

Contract Information ›

Listing Office: ROUND TABLE REALTY

Last Updated: April - 17 - 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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