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.

823 BLACK CHERRY Drive S, St. Johns, FL 32259 (MLS# 2049176)

823 BLACK CHERRY Drive S, St. Johns, FL 32259

$225,000

Virtual Tour

https://www.tourfactory.com/idxr3174258

Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,268 Status: Closed

Current Price: $225,000 List Date: 10/01/2024 Last Modified: 6/30/2026

Overview

Description

** NEWER ROOF ** NEW AC UNIT ** A - RATED SCHOOLS ** Discover this inviting condo with an open floor plan, hardwood floors, and stainless steel appliances. Enjoy the spaciousness of two Large bedrooms and two and a half bathrooms, including a private en-suite bathroom for the guest bedroom. Step outside onto your patio and savor a beautiful sunrise over the lake. With a newly replaced roof (2019) and AC unit (2020), fresh interior paint, and newer carpet, this home comes with peace of mind. It's also zoned for A-rated St. Johns County schools, making it perfect for families. This condo is conveniently located within the gated, desirable Cypress Trace community, and near plenty of shopping and dining options. Enjoy access to a variety of amenities including a pool, jacuzzi, playground, and tennis and basketball courts. Don't miss this opportunity to own a spacious and well-maintained condo with stunning water views.

Listing Details MLS# 2049176

General Property Information

Bedrooms Total: 2
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1268
Living Area Source: Public Records
Year Built: 2006
Association YN: Yes
Association Fee: 370
Association Fee Frequency: Monthly
CDD Fee YN: No
Accessibility Features YN: No
New Construction YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: Yes
Furnished: Unfurnished
Stories: 2
Stories Total: 2
Entry Level: Yes
Senior Community YN: No
Direction Faces: East
Directions: From US-1 S: Right on Race Track Rd. Left on Big Cypress Dr. Left on Cherry Way. Right on Black Cherry Dr S.
Public Remarks: ** NEWER ROOF ** NEW AC UNIT ** A - RATED SCHOOLS ** Discover this inviting condo with an open floor plan, hardwood floors, and stainless steel appliances. Enjoy the spaciousness of two Large bedrooms and two and a half bathrooms, including a private en-suite bathroom for the guest bedroom. Step outside onto your patio and savor a beautiful sunrise over the lake. With a newly replaced roof (2019) and AC unit (2020), fresh interior paint, and newer carpet, this home comes with peace of mind. It's also zoned for A-rated St. Johns County schools, making it perfect for families. This condo is conveniently located within the gated, desirable Cypress Trace community, and near plenty of shopping and dining options. Enjoy access to a variety of amenities including a pool, jacuzzi, playground, and tennis and basketball courts. Don't miss this opportunity to own a spacious and well-maintained condo with stunning water views.
List Price/SqFt: 193.22
Sold Price/SqFt: 177.44

Property Features

Architectural Style: Traditional Levels: Two Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Interior Features: Breakfast Bar; Ceiling Fan(s); Entrance Foyer; Primary Bathroom - Tub with Shower; Walk-In Closet(s) Flooring: Carpet; Tile; Wood Laundry Features: Electric Dryer Hookup; In Unit; Upper Level; Washer Hookup Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Cooling: Central Air Heating: Central; Electric Electric: 200+ Amp Service Water Source: Public Sewer: Public Sewer Security Features: Security System Owned; Smoke Detector(s) Construction Materials: Frame; Stucco Patio And Porch Features: Rear Porch Spa Features: Community Parking Features: Additional Parking; Garage; Off Street View: Pond Waterfront Features: Pond Fencing: Back Yard Current Use: Residential Association Amenities: Basketball Court; Community Pool; Park; Playground; Spa/Hot Tub; Tennis Court(s) Road Frontage Type: County Road Road Surface Type: Asphalt Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA Contingency Reason: Inspection