Jupiter Farms Q1 2024 House Report

Jupiter Farms Quarter 1 2024 Housing Report

Overview

In the first quarter of 2024, the real estate market in Jupiter Farms remained stable with a slight increase in median home prices. Demand for properties in this serene community continued to be steady, with a balanced inventory of homes for sale and rent.

Housing Market Trends

1. Median Home Prices

  • The median home price in Jupiter Farms saw a modest increase of 3% compared to the previous quarter. This indicates a healthy appreciation in property values within the area.

2. Sales Activity

  • Sales activity remained consistent, with a mix of first-time homebuyers and investors showing interest in the market. The average time on the market for homes in Jupiter Farms was relatively short, reflecting the attractiveness of the properties in the area.

3. Rental Market

  • The rental market in Jupiter Farms saw a stable demand for single-family homes and apartments. Rental prices remained steady, making it an appealing option for those looking to lease in this peaceful neighborhood.

Future Outlook

As we move further into 2024, Jupiter Farms is expected to maintain its status as a desirable location for homebuyers and renters alike. The community's natural beauty, spacious properties, and tranquil surroundings continue to attract individuals and families looking for a retreat from the bustling city life.

For more detailed information on specific properties or market trends, feel free to reach out to us at House Realty. Our team of dedicated agents is here to assist you in finding your dream home in Jupiter Farms.

Let's navigate the real estate market together!

Market Temperature: Moving into a Buyer’s Market

Mortgage APR: 6.62%

Total Sales Volume: $24,880,900

Closed Sales: 30

Avg Discount: 8.18%

Average Days On the Market: 63

Average Sales Price: $829,363

Lowest Sale: $480,000

Highest Sale: $2,350,000

New Construction Sales: 3

18.4% of Properties Took More Than 120 Days to Enter Contract

CHANGE FROM LAST QUARTER

Interest rates at the beginning of the year were consistent from the 3rd quarter of 2023. Total sales volume and closed sales decreased. The average discount and average days on the market rose.