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.

772 DORCHESTER Drive E, St. Johns, FL 32259 (MLS# 1046914)

772 DORCHESTER Drive E, St. Johns, FL 32259

$570,000

772 E Dorchester Dr.772 E Dorchester Dr.

772+E+Dorchester+Dr+Jacksonville-57-WebQ

772+E+Dorchester+Dr+Jacksonville-75-WebQ

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 3,237 Status: Closed

Current Price: $570,000 List Date: 4/02/2020 Last Modified: 5/19/2026

Overview

Description

Why build when you can have this beautiful 3 year old ICI Versailles FP home with Old World elevation. Located in the prestigious Magnolia Estates, a gated neighborhood in a master planned golf course community, minutes to top rated St. Johns County schools, local shopping, businesses and interstate access. The beautiful landscape, paver driveway and stone accent lead you in this impressive home with double front doors, wood-look tile floors throughout the main living areas, 14' coffered ceilings in foyer, 12' in the family room. The gourmet kitchen has stainless steel appliances, 42'' cabinets, pot drawers, tumble stone backsplash and is open to the family room w/ dbl French doors leading into the screened lanai for seamless indoor/outdoor entertaining. The master bedroom is substantial

Supplements: with an equally spacious and luxurious bath; w/ his & hers vanities, soaker tub, shower and a sizeable closet. This home comes with so many extras: Plantation shutters, upgraded fixtures and fans, decorative niches and arched doorways, wainscoting, 6" baseboards, huge pantry and storage closet, under cabinet lighting, Reverse Osmosis, separate laun ... (Read more)

Listing Details MLS# 1046914

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 3237
Living Area Source: Public Records
Year Built: 2015
Association YN: Yes
Association Fee: 1356
Association Fee Frequency: Annually
Association Fee 2: 460
Association Phone: 904-880-8796
CDD Fee YN: Yes
CDD Fee Amount: 806
New Construction YN: No
Garage Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: San Jose to Race Track, L on Flora Branch, through guard gate. R on Estates Way, L on Dandridge, R on E Dorchester to home on L. Fr 9B, exit Payton Pkwy to L on Race Track to R on Flora Branch.
Public Remarks: Why build when you can have this beautiful 3 year old ICI Versailles FP home with Old World elevation. Located in the prestigious Magnolia Estates, a gated neighborhood in a master planned golf course community, minutes to top rated St. Johns County schools, local shopping, businesses and interstate access. The beautiful landscape, paver driveway and stone accent lead you in this impressive home with double front doors, wood-look tile floors throughout the main living areas, 14' coffered ceilings in foyer, 12' in the family room. The gourmet kitchen has stainless steel appliances, 42'' cabinets, pot drawers, tumble stone backsplash and is open to the family room w/ dbl French doors leading into the screened lanai for seamless indoor/outdoor entertaining. The master bedroom is substantial
List Price/SqFt: 180.69
Sold Price/SqFt: 176.09

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Water Softener Owned Interior Features: Breakfast Bar; Breakfast Nook; Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom -Tub with Separate Shower; Split Bedrooms; Vaulted Ceiling(s); Walk-In Closet(s) Flooring: Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Available Cooling: Central Air; Electric Heating: Central; Electric; Heat Pump Water Source: Public Sewer: Public Sewer Green Energy Efficient: Windows Construction Materials: Frame; Stucco Patio And Porch Features: Patio Pool Features: None Roof: Shingle Parking Features: Attached; Garage Lot Features: Sprinklers In Front; Sprinklers In Rear Current Use: Residential; Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Fitness Center; Golf Course; Jogging Path; Playground; Tennis Court(s) Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2020-04-02

Location Tax and Legal

Street Number: 772
Street Name: DORCHESTER
Street Suffix: Drive
Street Direction Suffix: E
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Magnolia Preserve

Status Change Information

Major Change Timestamp: 2023-11-14T10:23:00Z
Major Change Type: Price Reduced
Price Change Timestamp: 2020-06-03T11:42:59Z
Purchase Contract Date: 2020-06-27
Close Date: 2020-07-30
Close Price: 570000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Football Field(s): Y, Self Cleaning Oven: Y, Kitchen-Solid Surface Countertops: Y, Structure Builder: ICI Homes, Suburban Lot Location: Y
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Covenants/Restrictions: Y, Energy Features-Ceiling Fan(s): Y, Club Amenities-Bike Path: Y, Interior Amenities-Ceiling 8+ Ft.: Y, Interior Amenities-French Door(s): Y, Fireplace Mantle: Y, Fenced Partial: Y

Room Information

Room Name
Family Room
Utility Room

Listing Office: RE/MAX SPECIALISTS

Last Updated: May - 19 - 2026

Information deemed reliable but not guaranteed.