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.

832 BLACK CHERRY Drive S, St. Johns, FL 32259 (MLS# 2095123)

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

$217,000

Virtual Tour

https://www.zillow.com/view-imx/1072c76c-79e4-49fb-8bde-7321a712d7ea?wl=true&setAttribution=mls&initialViewType=pano

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,468 Status: Closed

Current Price: $217,000 List Date: 6/24/2025 Last Modified: 3/13/2026

Overview

Description

This light & bright townhome overlooks a preserve and has a partially fenced yard with extended paver patio (both sides are fenced). This is a heck of a price for a 3 BR unit with a garage on the preserve in St. Johns County TOP NOTCH schools!!! Step inside this lovely townhome and appreciate the light wood look LVP flooring, the updated lighting throughout and a GREAT kitchen with 42'' cherry wood cabinets with crown molding and stainless appliances. This wide open home has a large living/dining area, kitchen and half bath down plus private outdoor living. Upstairs has 3 spacious bedrooms, 2 full baths and the laundry room. You are just blocks from many restaurants, shops and grocery stores; you could literally walk! Don't miss the community amenities; lovely pool, basketball court, tennis courts, playground and more! Its situated in a gated community in a suburban setting with loads of trees around.

Listing Details MLS# 2095123

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1468
Living Area Source: Assessor
Year Built: 2006
Accessory Dwelling Unit Y/N: No
Homestead YN: Yes
Association YN: Yes
Association Fee: 300
Association Fee Frequency: Monthly
Association Fee 2: 98
Association Fee 2 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: No
Stories: 2
Stories Total: 2
Senior Community YN: No
Directions: From US1 turn onto Racetrack Rd heading West. Left on Big Cypress Dr, follow to gate. After gate turn left on Cherry Way and right on S Black Cherry Dr ahead to house on left.
Public Remarks: This light & bright townhome overlooks a preserve and has a partially fenced yard with extended paver patio (both sides are fenced). This is a heck of a price for a 3 BR unit with a garage on the preserve in St. Johns County TOP NOTCH schools!!! Step inside this lovely townhome and appreciate the light wood look LVP flooring, the updated lighting throughout and a GREAT kitchen with 42'' cherry wood cabinets with crown molding and stainless appliances. This wide open home has a large living/dining area, kitchen and half bath down plus private outdoor living. Upstairs has 3 spacious bedrooms, 2 full baths and the laundry room. You are just blocks from many restaurants, shops and grocery stores; you could literally walk! Don't miss the community amenities; lovely pool, basketball court, tennis courts, playground and more! Its situated in a gated community in a suburban setting with loads of trees around.
List Price/SqFt: 163.42
Sold Price/SqFt: 147.82

Property Features

Levels: Two Appliances: Dishwasher; Disposal; Electric Range; Electric Water Heater; Microwave; Refrigerator Interior Features: Breakfast Bar; Ceiling Fan(s); Entrance Foyer; Primary Bathroom - Tub with Shower; Walk-In Closet(s) Flooring: Carpet Laundry Features: Electric Dryer Hookup; Upper Level; Washer Hookup Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric Heating: Central; Heat Pump Water Source: Public Sewer: Private Sewer Security Features: Smoke Detector(s) Construction Materials: Frame; Stucco Patio And Porch Features: Front Porch Roof: Shingle Parking Features: Attached; Garage; Garage Door Opener Lot Features: Dead End Street; Sprinklers In Front; Sprinklers In Rear; Wooded View: Trees/Woods Current Use: Residential Association Amenities: Basketball Court; Gated; Playground; Tennis Court(s) Association Fee Includes: Insurance; Maintenance Grounds; Maintenance Structure Community Features: Gated; Suburban Possession: Close Of Escrow Listing Terms: Cash; Conventional; FHA; VA Loan Contingency Reason: Financing