Is Jupiter, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Jupiter was a Seller's Market.
Key Takeaway
Jupiter is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jupiter, FL
How much do homes in Jupiter, FL cost?
Median Sold Price
$726,667
$411/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Jupiter have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Jupiter was $726,667 in March 2024, up 8.9% from last year, and the median price per square foot was $411.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $305K | -7.6% |
| 2 Bedrooms | $483.2K | $450.5K | -6.8% |
| 3 Bedrooms | $668K | $731K | +9.4% |
| 4 Bedrooms | $1.0M | $1.1M | +4.6% |
| 5+ Bedrooms | $2.2M | $2.1M | -3.3% |
Summary: Jupiter housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Juno Beach | $790K | $912.2K | +15.5% |
| Royal Palm Beach-West Jupiter | $534.4K | $589.5K | +10.3% |
| Jupiter | $667.5K | $726.6K | +8.9% |
| Tequesta | $740K | $677.7K | -8.4% |
Housing Supply in Jupiter, FL
How many homes are available in Jupiter, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,014 | 1,098 | +8.3% |
Summary: The Jupiter real estate market had 1,098 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 27 | -3.6% |
| 2 Bedrooms | 306 | 330 | +7.8% |
| 3 Bedrooms | 380 | 418 | +10.0% |
| 4 Bedrooms | 180 | 197 | +9.4% |
| 5+ Bedrooms | 120 | 126 | +5.0% |
Summary: The Jupiter housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 143 | 135 | -5.6% |
Asking Price vs. Sold Price
111 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jupiter, you may be able to get a good deal. 82.2% of homes here sold below asking price last month.
Summary: A total of 135 homes were sold or pending in Jupiter in March 2024, down by 5.6% month-over-month. Of the 135 sold homes, 82% were sold under asking, 13% were sold at asking, and 4% were sold over asking.
Days on Market for Jupiter, FL
How long does it take to sell a home in Jupiter, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 59 Days | +19.4% |
Summary: Homes in Jupiter had an average of 59 days on market in Mar 2024, up by 19.4% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
42 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jupiter are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 135 homes were sold in Jupiter; 48% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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