Jupiter Real Estate Market Update (Single Family Homes) April 2025
Jupiter Real Estate Market Update April 2025 | Jupiter Homes
Welcome to the April 2025 Jupiter Real Estate Market report for single family home sales. I create this videos so that Buyers and Sellers of real estate in and around Jupiter can make data driven decisions. Not decisions based on fluff.
The median price of a single family home in Jupiter Florida is now $1,000,000.
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.
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:
Median home price in Jupiter Florida is now $1,000,000. If you’re new to these videos please know I don’t put much stock in Median Home Prices in Jupiter. I’m going to apologize in advance to those of you that have watched my videos for some time and have heard me say this over and over! Many people like to fixate on median pricing, I do not. We have a small sample size when we’re just looking at Jupiter. However, I’m going to try to give you something meaningful here! At the end of the video I will run through median pricing for Palm Beach County as a whole. That increases the sample size, and makes it relevant, if you care about median pricing. I still don’t.
Total number of homes sold in Jupiter Florida:
93 sales, up from 69 sales in March of 2024! We bounced off the bottom! Last month I noted It doesn’t look like we’re close to breaking this down trend line, but to my surprise, we did! If you’ve watched a few of my video you know I find some stats much more valuable than others. The total number of homes sold, along with months of supply, are really the 2 most important statistics in my opinion when you’re looking at Jupiter. The increased number of sales is not going to be welcome news for Buyers. Now I will throw some caution here. We’re entering months that historically single family homes preform well in. If you look back at the chart sales tend to peak in May and June each year. So we do have some seasonality working in a Sellers favor here. You should also note as a Seller that listing now will give you a higher chance of success versus the winter months when sales slow way down. One other note, at the time of this video there were 452 actively listed homes in Jupiter. 93 Sold last month. That means roughly 20% of the listings are getting sold on a monthly basis. Important to understand that.
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. 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. Your pricing strategy needs to incorporate this. We’re still at the bottom of this chart. That’s good news for Buyers as it’s showing Sellers are negotiating.
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. In a surprise move days on market headed down, win for Sellers! I don’t want to make too much of this one month move, though it was statistically significant. I do want to watch this trend and see how it develops. 40 days on market, if you look left, is a pretty decent amount of time to be on market for Sellers. Buyers take note, if this keeps heading down you’re going to have to make faster decisions when seeing properties.
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 kind of flattening out, or rising more slowly. The good stuff is selling and the good stuff costs more. I just keep saying this. If we break below $400 a foot or above $500 a foot I’ll give a more detailed analysis. For now, we just keep bouncing around.
Total dollar volume of Jupiter Home Sales:
So unlike last month, we didn’t have a huge sale that made up an insane percentage of the closed volume. While there were 2 sales in the Bears Club, one for just shy of $22 million and another for $16 million that somewhat padded the total volume. $158 million is a decent amount of volume if you look at this chart. If we hold steady over that $150 million mark we creep into being on the top half of this chart. Pretty interesting. Now let me also make my usual note here. Jupiter is a smaller market. Given that we have a smaller sample size and large transactions that can really skew total volume, be a bit careful with this stat.
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. What changes this is chart is one of two things. A change in the pace of sales, a change in the number of listings. So you knew when we saw an increase in sales it was going to be likely that supply had come down right? However, we didn’t come down drastically as the amount of new listings coming to market is still on the high side. That’s because our active listings are still high. An increase of 7.7% year over year in inventory is one of the lowest numbers we’ve seen in a while right? This is really good news for Sellers right? The less inventory we have the easier it is to sell your home. If I’m a Seller I really want to keep an eye on this chart when I’m coming up with my pricing strategy.
Final Thoughts
Have you seen what mortgage rates have been doing? If you look back over the last year you’ll see rates peaked at 7.25% on a 30 year fixed note in the beginning of January. The 7th of April I was seeing rate quotes down at 6.6%. Keep in mind this was before any points or rate buydowns. The result is likely going to be Buyers coming off the sidelines who want to take advantage. To give some context the principal an interest payment on a $750,000 mortgage at 7.25% is $5,116.32 monthly. If the rate is 6.6% the payment is $4,789.94. That’s a difference of $326.38 monthly. This is why I think Buyers need to be out seeing homes and gathering a short list of Properties they like. If you’re undecided and see rates take a drop like this, it’s likely in your best interest to try and get in Contract if you believe that rates will bounce back up!
OK a note on median pricing. One of you watchers emailed me and said they understood just using median pricing as a trend for Jupiter, but if you’re looking outside of Jupiter, as well as in Jupiter, how can you use median pricing? Look if you’re undecided on area, then zoom out to the County data. Take a look at the trend here on the Palm Beach County Level for median pricing. Looks to have leveled off right? Maybe even pulling back a bit. Much smoother chart vs the smaller sample size of just Jupiter right?
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.
