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.

834 BLACK CHERRY Drive S, St. Johns, FL 32259 (MLS# 1136084)

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

$255,000

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

Current Price: $255,000 List Date: 10/13/2021 Last Modified: 11/05/2026

Overview

Description

Nice location ,come see the beautiful townhome with 1 car garage, Open Kitchen, Living Dining Combo, 3 bedrooms, 2.5 baths, Bedrooms located upstairs, Neighborhood with Amenities: Pool, Tennis Court and Playground. Brand new Ac just put in 2019. washer and dryer sold AS IS . New carpet added in the house . seller preferer sell AS IS .

Listing Details MLS# 1136084

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Living Area: 1468
Living Area Source: Public Records
Year Built: 2006
Association YN: Yes
Association Fee: 86
Association Fee Frequency: Monthly
Association Fee 2: 176
Association Fee 2 Frequency: Monthly
Association Name: Watson management
Association Phone: (772) 871-0004
CDD Fee YN: No
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Entry Level: Yes
Directions: 9A to Phillips Hwy S Approx. 6 miles to Right on Racetrack Road .4 miles and Left into Cypress Trace Left on Cherry to Right on Black Cherry
Public Remarks: Nice location ,come see the beautiful townhome with 1 car garage, Open Kitchen, Living Dining Combo, 3 bedrooms, 2.5 baths, Bedrooms located upstairs, Neighborhood with Amenities: Pool, Tennis Court and Playground. Brand new Ac just put in 2019. washer and dryer sold AS IS . New carpet added in the house . seller preferer sell AS IS .
List Price/SqFt: 163.49
Sold Price/SqFt: 173.71

Property Features

Approx Parcel Size: Less than .25 Acre Appliances: Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer Interior Features: Primary Bathroom - Tub with Shower; Split Bedrooms; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Smoke Detector(s) Construction Materials: Stucco Roof: Shingle Parking Features: Additional Parking Current Use: Residential Association Amenities: Clubhouse; Community Pool; Maintenance Grounds; Management - Full Time; Playground; Tennis Court(s); Trash Association Fee Includes: Maintenance Grounds; Trash Possession: Negotiable Listing Terms: Cash; Conventional

Contract Information

Property Sub Type: Townhouse
Property Attached YN: Yes
Listing Contract Date: 2021-10-12

Location Tax and Legal

Street Number: 834
Street Name: BLACK CHERRY
Street Suffix: Drive
Street Direction Suffix: S
County: Duval
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Crossings At Cypress Trace Condo

Status Change Information

Major Change Timestamp: 2021-12-01T03:04:54Z
Major Change Type: Status Change
Purchase Contract Date: 2021-10-20
Close Date: 2021-11-23
Close Price: 255000

Historical Information

Public Historical Remarks 2: Dining-Living/Dining Combo: Y

More Information

Documents

CROSSINGS AT CYPRESS TRACE welcome lette ›

CROSSINGS AT CYPRESS TRACE welcome l (1) ›

declaration ›

Covenants ›

Listing Office: FLORIDA HOMES REALTY & MTG LLC

Last Updated: November - 05 - 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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