October 2024
JUPITER Market Update
The real estate market in Jupiter continues to evolve, showcasing notable shifts across single-family homes and townhouses/condos. These changes highlight the dynamic nature of the local housing landscape, with growth in certain areas and reductions in others. Here’s an in-depth look at the market data for October 2024.
Jupiter Single-Family Home
-
Closed Sales: 47, up 18% compared to October 2023.
-
Median Sales Price: $965,000, reflecting a 5.9% increase year-over-year.
-
Active Inventory: 190, up a significant 36% from the previous year.
-
Months Supply of Inventory: 4.4 months, up from 2.9 months in October 2023, signaling a gradual shift toward a more balanced market.
-
New Listings: 47, a decrease of 25% compared to last year.
-
New Pending Sales: 30, down 29% from the previous year.
Jupiter Townhouses and Condos
-
Closed Sales: 31, a 39% decline year-over-year.
-
Median Sales Price: $395,000, down 7.9% from October 2023.
-
Active Inventory: 261, up a striking 80% compared to last year.
-
Months Supply of Inventory: 6.4 months, a sharp increase from 3.2 months in October 2023, suggesting a buyer's market.
-
New Listings: 72, an increase of 24% compared to October 2023.
-
New Pending Sales: 31, down 18% year-over-year.
The data reveals a mixed market in Jupiter, with single-family homes experiencing increased sales and prices alongside expanding inventory, while townhouses and condos face reduced sales activity but a growing inventory and months of supply. Whether you're buying, selling, or investing, these insights are crucial for understanding Jupiter's dynamic real estate trends.
