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.

75 CHALLEDON Court, St. Johns, FL 32259 (MLS# 2137617)

75 CHALLEDON Court, St. Johns, FL 32259

$795,621

Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 3,036 Status: Closed

Current Price: $795,621 List Date: 3/31/2026 Last Modified: 3/31/2026

Overview

Description

rowan floor plan

Listing Details MLS# 2137617

General Property Information

Bedrooms Total: 5
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 3036
Living Area Source: Builder
Year Built: 2026
Accessory Dwelling Unit Y/N: No
Homestead YN: No
Association YN: Yes
Association Fee: 53
Association Fee Frequency: Annually
CDD Fee YN: Yes
CDD Fee Amount: 4372.07
Accessibility Features YN: No
New Construction YN: Yes
Estimated Completion Date: 2026-03-25
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Entry Level: Yes
Senior Community YN: No
Directions: South on State Road 13 turn left at round about onto Grand Bridge Dr, turn right onto RiverTown Main Street. Turn left at Adirondack Dr then right on Challedon Ct.
Public Remarks: rowan floor plan
List Price/SqFt: 262.06
Sold Price/SqFt: 262.06

Property Features

Levels: Two Appliances: Dishwasher; Disposal; Double Oven; Microwave; Refrigerator Interior Features: Entrance Foyer; Open Floorplan Utilities: Cable Available Cooling: Central Air Heating: Central Water Source: Public Parking Features: Attached; Garage Current Use: Residential; Single Family Possession: Close Of Escrow Listing Terms: Cash; Conventional; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2025-07-30

Location Tax and Legal

Street Number: 75
Street Name: CHALLEDON
Street Suffix: Court
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Rivertown

Status Change Information

Major Change Timestamp: 2026-03-31T20:14:07Z
Major Change Type: Status Change
Purchase Contract Date: 2025-07-30
Close Date: 2026-03-31
Close Price: 795621

DPR Eligible

DPR Eligible: No

More Information

Listing Office: NON MLS (realMLS)

Last Updated: March - 31 - 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.