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.

904 CAVANAUGH Drive, St. Johns, FL 32259 (MLS# 959919)

904 CAVANAUGH Drive, St. Johns, FL 32259

$511,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 3,658 Status: Closed

Current Price: $511,000 List Date: 12/27/2018 Last Modified: 4/03/2026

Overview

Description

All offers must be submitted by the Buyer's agent via the Agent Portal. Offers submitted by any other means will not be considered. To submit your buyer's offer, simply click the link below. If you already have a Agent account, you will be prompted to log in. If not, you will be prompted to create an account. This Beautiful 5/3 with office, is a must to see. Owners suite is downstairs. Very nice home in a lovely area. This is a bank owned property Seller/Agent make no representation or warranties, buyer to verify all information.

Listing Details MLS# 959919

General Property Information

Bedrooms Total: 4
Bathrooms Full: 3
Bathrooms Total: 3
Living Area: 3658
Living Area Source: Public Records
Year Built: 2006
Association YN: Yes
Association Fee: 1365
Association Fee Frequency: Annually
Association Name: May Management
Association Phone: 904 461 9708
CDD Fee YN: Yes
CDD Fee Amount: 727
New Construction YN: No
Garage Spaces: 3
Pool Private YN: No
Water Body Access YN: No
Waterfront YN: No
Stories: 2
Directions: From I-295 take R onto SR13 S. turn l.onto Racetrack Rd., l, onto Flora Branch Blvd. proceed through manned gate, right on Camberly Dr. left on N Danbury Rd. right on E, Dorchester Dr. R.on Cavanaugh.
Public Remarks: All offers must be submitted by the Buyer's agent via the Agent Portal. Offers submitted by any other means will not be considered. To submit your buyer's offer, simply click the link below. If you already have a Agent account, you will be prompted to log in. If not, you will be prompted to create an account. This Beautiful 5/3 with office, is a must to see. Owners suite is downstairs. Very nice home in a lovely area. This is a bank owned property Seller/Agent make no representation or warranties, buyer to verify all information.
List Price/SqFt: 143.44
Sold Price/SqFt: 139.69

Property Features

Approx Parcel Size: .25 to .5 Acre Architectural Style: Traditional Appliances: Electric Water Heater Interior Features: Breakfast Bar; Entrance Foyer; Primary Bathroom -Tub with Separate Shower; Primary Downstairs; Walk-In Closet(s) Flooring: Tile; Wood 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: Frame; Stucco Patio And Porch Features: Covered; Patio Pool Features: None Roof: Shingle Lot Features: Cul-De-Sac Current Use: Residential; Single Family Road Surface Type: Asphalt Possession: Negotiable Listing Terms: Cash; Conventional; FHA; VA Loan

Contract Information

Property Sub Type: Single Family Residence
Property Attached YN: No
Listing Contract Date: 2018-09-30

Location Tax and Legal

Street Number: 904
Street Name: CAVANAUGH
Street Suffix: Drive
County: St. Johns
State: FL
Postal Code: 32259
MLS Area Major: 301-Julington Creek/Switzerland
Subdivision Name: Magnolia

Status Change Information

Major Change Timestamp: 2019-03-15T12:05:36Z
Major Change Type: Status Change
Purchase Contract Date: 2019-01-07
Close Date: 2019-02-07
Close Price: 511000

Fireplace Features

Fireplaces Total: Yes

More Information

Historical Information

Public Historical Remarks 1: OwnerApprPublicMktg: Foreclosed, Golf Course Comm: Y
Public Historical Remarks 2: Energy Features-Forced Air: Y

Room Information

Room Name
Family Room
Utility Room

Listing Office: SYDNEY DAVIS REALTY INC

Last Updated: April - 03 - 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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