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.

794 OPOSSUM Lane, St. Johns, FL 32259 (MLS# 1016718)

794 OPOSSUM Lane, St. Johns, FL 32259

$385,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,807 Status: Closed

Current Price: $385,000 List Date: 9/21/2019 Last Modified: 1/18/2026

Overview

Description

This is the pool home where you can spread out and truly enjoy life on over 1 ac. Have it all...a newly renovated home with a gorgeous kitchen showcasing quartz countertops and GE Cafe Series Stainless Appliances. There is a separate air conditioned art studio, a huge woodworking shop, a tool & equipment shed, and a large screened pool, lanai/patio. Be free to roam around and be creative with no HOA to limit you. At the same time be close enough in to enjoy nearby shops and restaurants. Pool in photos is coverered with decking. Pool is currently being refinished and will be sparkling new!

Listing Details MLS# 1016718

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1807
Living Area Source: Public Records
Year Built: 1988
Association YN: No
Association Fee Frequency: One Time
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Directions: CR 13 to Rt on Greenbriar Rd, rt. on Fox Hunt Trl, Rt. on O'Possum Ln.
Public Remarks: This is the pool home where you can spread out and truly enjoy life on over 1 ac. Have it all...a newly renovated home with a gorgeous kitchen showcasing quartz countertops and GE Cafe Series Stainless Appliances. There is a separate air conditioned art studio, a huge woodworking shop, a tool & equipment shed, and a large screened pool, lanai/patio. Be free to roam around and be creative with no HOA to limit you. At the same time be close enough in to enjoy nearby shops and restaurants. Pool in photos is coverered with decking. Pool is currently being refinished and will be sparkling new!
List Price/SqFt: 218.32
Sold Price/SqFt: 213.06

Property Features

Approx Parcel Size: 1.1 to 2.5 Acres Architectural Style: Ranch Appliances: Dishwasher; Electric Range; Electric Water Heater; Microwave; Refrigerator Fireplace Features: Wood Burning Interior Features: Kitchen Island; Primary Bathroom - Shower No Tub; Primary Downstairs; Vaulted Ceiling(s) Flooring: Tile Laundry Features: Electric Dryer Hookup; Washer Hookup Utilities: Cable Connected Cooling: Central Air Heating: Central Water Source: Well Sewer: Septic Tank Smart Home Features: Irrigation Construction Materials: Frame; Wood Siding Patio And Porch Features: Patio; Porch; Screened Pool Features: In Ground 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: 2019-09-19

Location Tax and Legal

Street Number: 794
Street Name: OPOSSUM
Street Suffix: Lane
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 302-Orangedale Area
Subdivision Name: Greenbriar

Status Change Information

Major Change Timestamp: 2023-11-14T10:02:45Z
Major Change Type: Price Change
Price Change Timestamp: 2019-11-07T03:22:19Z
Purchase Contract Date: 2020-02-23
Close Date: 2020-04-29
Close Price: 385000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: Utilities-Underground: Y, Self Cleaning Oven: Y
Public Historical Remarks 2: Dining-Living/Dining Combo: Y, Structure Slab: Y

Room Information

Room Name
Family Room

Listing Office: PALMERHOUSE PROPERTIES

Last Updated: January - 18 - 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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