Jupiter Real Estate Market Report February 2025 Single Family Homes

Jupiter Real Estate Market Update (Single Family Homes) February 2025

Welcome to the February 2025 Jupiter Real Estate Market report for single family home sales where I try to give home Buyers and home Sellers in Jupiter the real estate market data they need to know in order to make more informed, data driven, decisions.

The median price of a single family home in Jupiter Florida is now $1,048,750.

My name is Casey Prindle your Jupiter Realtor. If you’re looking at buying or selling real estate in Jupiter go ahead and call, text or email me!  My phone number is below, it’s (786)443-7203. Don’t be shy, I’m reasonably entertaining to talk to.

Data typically runs 30 days behind the date of this Jupiter real estate market report. Stick around to the end of the video where I’ll share some of my thoughts on the overall market.

Median Sold Price of single family homes in Jupiter Florida:

As I said at the top the median home price in Jupiter Florida is now $1,048,750. If you haven’t heard me say this before, how much stock do I put in this number? Not a whole lot.  Many people like to fixate on median pricing, I do not.  We have a small sample size when we’re just looking at Jupiter. Some statistics will be more meaningful than others in light of this. Median pricing, I just don’t think we have enough sales to put a ton of weight into this. Here's my basic takeaway, if you look left on this chart median prices have risen over the last several years. I think if you smooth out bumps and use this as a general observational tool, it has some merit.

Total number of homes sold in Jupiter Florida:

Up from 62 to 58 homes sold year over year.  So we’re kind of just bouncing around on the bottom of this chart.  Zoom out for a second. Jupiter isn’t a small town right? There are just shy of 26,000 single family homes in Jupiter that are covered by this data.  58 of 26,000 homes sold last month. We don’t have a huge inventory turn versus some other metros close by, specifically to the south of us. If you look at this trendline its down. Draw a line across the peaks, that’s a sharp downslope we haven’t broken. The saving grace here for Sellers has been limited inventory for sale.  If inventory bumps up, and prices pull down, that’s not good for Sellers.

List to sales price:

For those of you knew to this analysis, list to sales price is the percentage of original listing price properties are selling for.  A higher number favors sellers, a lower number favors Buyers as it shows more room for negotiation and price reductions are happening. Is the increase coming from Sellers coming to market at more realistic prices? I think so. At this point if you’re a Seller and you haven’t gotten the message that the market has slowed, you’re way behind the curve. Aspirational pricing just isn’t working right now.

If you’re looking to purchase a home in Jupiter, please do one of the following. Give me a call or text at (786)443-7203, and tell me where you are in your home search and what you’re looking for. If you don’t want to call me because I somehow scare you, email me at caseyprindle@gmail.com and tell me what you’re looking for.

Days on market:

The days of market are going to be the number of days a home is actively listed before going to pending sale.  This is not how long it takes to close, just to go from active to pending. I continue to be surprised that we’re not seeing this number go up honestly. 39 days active isn’t a whole lot. If you drew a line across this chart in what looks like the middle, I think you could say something like 35 days has been the average over the last 5 years.  Fair to say? So while prices are up, and sales are down, you’re still able to sell a home (that’s reasonably priced) in a relatively short period of time. This also means don’t look at a listing that’s been on market for 2 weeks and think you can start firing off low offers if you’re a Buyer. 

Median price per square foot:

So if you’ve listened to me for a few months, tune this out, it’s the same thing still. Median price per square foot of Jupiter Florida home sales, still on the high side of this chart, but at $441 psf you’re above this time last year which was $437 psf.  The good stuff is selling and the good stuff costs more. I just keep saying this.  We’re going to talk more about this at the end of the video.

Total dollar volume of Jupiter Home Sales:

I’ve pointed this out a number of times, and I want to point it out again.  Don’t rely too much on total dollar volume in Jupiter if you’re trying to understand the health of the market.  There are much more meaningful metrics. The headline says just shy of $95 million in total single family home volume transacted between Jan 1 and Jan 31 in Jupiter. Here’s what the headline doesn’t say, the top 5 sales made up just over $27 million of that volume.  So the top 9% of transactions accounted for 28% of the volume. My point is in Jupiter total dollar volume of sales can be deceiving, so don’t harp on this one.

There’s a lot of data out there about Palm Beach County real estate statistics.  You can find data on all of Jupiter in my videos.  But what about those who live in specific places like Jupiter Farms (where I live), or zip code 33458.  There is no data set like that, so I created it and put together a report covering the last 5 years.  If you’re thinking of Buying or Selling a home in Jupiter please call, or text me at (786)443-7203, and ask for a copy of the report.  I’ll be happy to email it over.  I think it’s really interesting data, and I created it for free to give out with no obligation, so call or text me (786)443-7203.

Months of inventory

I’ve saved the best stat, in my opinion, for last.  Less inventory is good for Sellers and bad for Buyers.  We seem to be somewhat leveling off here. What changes this is chart is one of two things.  A change in the pace of sales, a change in the level of listings. My thought on this is pretty simple, I think the whole market is adjusting to the new normal which is higher rates.  For Sellers not wanting to give up their 4% rate and buy a new home at 6+% interest rate, I think a lot have realized that rates are where they are and if they need to move they’ll have to give up that low rate.  Buyers I think have come off the sidelines also realizing the 4% rate just isn’t coming back. Here’s the shortcut, right now the market really isn’t heavily favoring Buyers or Sellers, that stability is actually a good thing in my opinion.

Final Thoughts

So you guys that have been watching me for some time know that I’m overly tired of saying the renovated stuff is Selling and the days of DYI homes are gone.  Buyers just don’t want them.  It seems like my voice was heard, or at least validated, as Zillow wrote a whole article about it, I’ll link that here, https://zillow.mediaroom.com/2025-02-19-The-end-of-the-fixer-upper-Remodeled-homes-sell-for-the-highest-premiums

“Remodeled listings on Zillow get 26% more daily saves and are shared with a shopping partner 30% more often than similar homes that are not remodeled1. These metrics of demand suggest shoppers are more serious about these listings, and more likely to take the next steps in the home-buying process.”

If you’re a Seller you need to understand this.  According to the National Association of Realtors 98% of home buyers start their search online. So if you’re considering putting your old beat up shag carpeted bedrooms out there for sale, we need to talk.

The easiest way to find me is just to call me.  My cell number is 786-443-7203.  Don’t be shy. Don’t just lurk on my videos, give me a call, let’s chat. I sincerely appreciate each and every one of you that watches these videos. Whether you’re thinking of Buying or Selling a property, and that includes Land and Commercial properties, pick up that phone!  

That’s what I have for you guys this month. As always thanks for watching, and I’ll see you next month.