Is Jupiter Island, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jupiter Island is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Jupiter Island was a Neutral Market.

Key Takeaway

Jupiter Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Jupiter Island, FL

How much do homes in Jupiter Island, FL cost?

Median Sold Price

$8,125,000

$2,054/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$775,000(-8.7%)

Key Takeaway

Homes in Jupiter Island have sold for 8.7% less than they did a year ago.

Summary: The median home sold price in Jupiter Island was $8,125,000 in May 2024, down 8.7% from last year, and the median price per square foot was $2,054.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 --
N/A
3 $4.3M$7.5M
+73.4%
4 $6.2M$4.9M
-21.0%
5+ $13.9M$14.8M
+6.1%

Summary: Jupiter Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 73.4%, 4 bedroom homes decreased by 21%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Cities

Port Salerno-Hobe Sound
+12.0%
Hobe Sound
+1.8%
Jupiter Island
-8.7%

Housing Supply in Jupiter Island, FL

How many homes are available in Jupiter Island, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
129-25.0%

Summary: The Jupiter Island real estate market had 9 homes for sale in May 2024, a 25.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 32
-33.3%
5+ 75
-28.6%

Summary: The Jupiter Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jupiter Island, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Jupiter Island in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Jupiter Island, FL

How long does it take to sell a home in Jupiter Island, FL?

Average Sale Time

May 2023May 2024CHANGE
237 Days161 Days-32.1%

Summary: Homes in Jupiter Island had an average of 161 days on market in May 2024, down by 32.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Jupiter Island are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 1 homes were sold in Jupiter Island; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Jupiter Island, FL

Nearby Markets to Jupiter Island, FL

What housing markets are near Jupiter Island, FL?