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.

845 BLACK CHERRY DRIVE S Drive S, St. Johns, FL 32259 (MLS# 2121877)

845 BLACK CHERRY DRIVE S Drive S, St. Johns, FL 32259

$1,795

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

Current Price: $1,795 List Date: 12/17/2025 Last Modified: 2/16/2026

Overview

Description

Beautifully maintained 3-bedroom, 2.5-bath townhome with one-car garage located in a gated St. Johns County community known for its top-rated schools and resort-style amenities. This home offers wood flooring throughout, a modern open layout, and all appliances included, providing a clean, upscale feel and truly move-in-ready convenience. Enjoy access to a community pool, playground, and scenic dog walk around the lake, all within a well-kept, quiet neighborhood. Ideal for quality, location, and low-maintenance living in one of Northeast Florida's most desirable areas. Available from March 2, 2026

Listing Details MLS# 2121877

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Half: Yes
Bathrooms Total: 3
Unit Type: Interior Unit
Living Area: 1468
Living Area Source: Appraiser
Year Built: 2006
Association YN: Yes
Accessibility Features YN: No
Garage YN: Yes
Garage Spaces: Yes
Carport YN: No
Waterfront YN: Yes
Stories Total: 2
Senior Community YN: No
Directions: From Philips Hwy turn to Race Track Rd and then left to Big Cypress Trace, go through the gates and turn left on Black Cherry Dr, the townhouse is on the right.
Public Remarks: Beautifully maintained 3-bedroom, 2.5-bath townhome with one-car garage located in a gated St. Johns County community known for its top-rated schools and resort-style amenities. This home offers wood flooring throughout, a modern open layout, and all appliances included, providing a clean, upscale feel and truly move-in-ready convenience. Enjoy access to a community pool, playground, and scenic dog walk around the lake, all within a well-kept, quiet neighborhood. Ideal for quality, location, and low-maintenance living in one of Northeast Florida's most desirable areas. Available from March 2, 2026
List Price/SqFt: 1.22
Sold Price/SqFt: 1.22

Property Features

Additional Lease Terms: 12 Months Owner Pays: Association Fees Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer Laundry Features: In Unit Association Amenities: Community Pool; Gated; Park; Playground; Tennis Court(s) Association Fee Includes: Trash Water Source: Public Parking Features: Garage Utilities: Cable Available; Electricity Connected; Water Connected Cooling: Central Air Heating: Central Rent Includes: Trash Collection Tenant Pays: All Utilities

Contract Information

Property Sub Type: Condominium
Listing Contract Date: 2025-12-17
Lease Term: 12 Months

Location Tax and Legal

Street Number: 845
Street Name: BLACK CHERRY DRIVE S
Street Suffix: Drive
Street Direction Suffix: S
State: FL
County: St. Johns
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Cypress Trace

Status Change Information

Major Change Timestamp: 2026-02-16T20:55:10Z
Major Change Type: Status Change
Purchase Contract Date: 2026-02-16
Close Date: 2026-02-16
Close Price: 1795

More Information

Listing Office: JPAR CITY AND BEACH

Last Updated: February - 16 - 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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