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.

87 FOREST EDGE Drive, St. Johns, FL 32259 (MLS# 1063846)

87 FOREST EDGE Drive, St. Johns, FL 32259

$266,000

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Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,584 Status: Closed

Current Price: $266,000 List Date: 7/25/2020 Last Modified: 6/30/2026

Overview

Description

Multiple offers. Highest and best deadline by 7/25 2pm. Gorgeous welcoming home on a CUL-DE-SAC street in the desirable Durbin Crossing. This beautiful 3 bedrooms and 2 baths offers an open floor plan great for entertaining your family and friends. Kitchen features a large cooking island, stainless steel, Corian counter tops and a microwave with a vent out duct. SOUND SYSTEM.

Listing Details MLS# 1063846

General Property Information

Bedrooms Total: 3
Bathrooms Full: 2
Bathrooms Total: 2
Living Area: 1584
Living Area Source: Public Records
Year Built: 2014
Association YN: Yes
Association Fee: 50
Association Fee Frequency: Annually
Association Name: Floridian Property M
Association Phone: 904-592-4090
CDD Fee YN: Yes
CDD Fee Amount: 1880.59
New Construction YN: No
Garage Spaces: 2
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: Yes
Entry Level: Yes
Directions: East on Racetrack Rd, Right on St Johns Parkway Right on Longleaf Pine Parkway Right on Orchid Way, Right on Forest Edge Dr.
Public Remarks: Multiple offers. Highest and best deadline by 7/25 2pm. Gorgeous welcoming home on a CUL-DE-SAC street in the desirable Durbin Crossing. This beautiful 3 bedrooms and 2 baths offers an open floor plan great for entertaining your family and friends. Kitchen features a large cooking island, stainless steel, Corian counter tops and a microwave with a vent out duct. SOUND SYSTEM.
List Price/SqFt: 165.4
Sold Price/SqFt: 167.93

Property Features

Approx Parcel Size: Less than .25 Acre Architectural Style: Contemporary; Flat Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Ice Maker; Microwave; Refrigerator; Washer Interior Features: Entrance Foyer; Kitchen Island; Pantry; Primary Bathroom - Shower No Tub; Primary Downstairs; Split Bedrooms; Walk-In Closet(s) Flooring: Tile Cooling: Central Air Heating: Central Water Source: Public Sewer: Public Sewer Security Features: Security System Owned; Smoke Detector(s) Patio And Porch Features: Front Porch; Patio; Porch; Screened Pool Features: None Spa Features: Private Lot Features: Cul-De-Sac Fencing: Back Yard; Vinyl Current Use: Residential; Single Family Association Amenities: Basketball Court; Children's Pool; Clubhouse; Community Pool; Fitness Center; Jogging Path; Playground; Spa/Hot Tub; Tennis Court(s) Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2020-07-18

Location Tax and Legal

Street Number: 87
Street Name: FOREST EDGE
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Durbin Crossing

Status Change Information

Major Change Timestamp: 2020-09-03T22:54:28Z
Major Change Type: Status Change
Purchase Contract Date: 2020-08-27
Close Date: 2020-09-01
Close Price: 266000

Historical Information

Public Historical Remarks 1: Football Field(s): Y, Interior aMENITIES-Prewired Audio: Y, Self Cleaning Oven: Y, Structure Builder: David Weekley
Public Historical Remarks 2: Common Club Amenities-Club Facilities: Y, Dining-Living/Dining Combo: Y, Club Amenities-Bike Path: Y, Soccer Field(s): Y, Baseball Field(s): Y, Interior Amenities-Ceiling 8+ Ft.: Y

More Information

Listing Office: FUTURE HOME REALTY INC

Last Updated: June - 30 - 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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