Jupiter Farms January 2022 Monthly Market Update

Dated: February 21 2022

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Jupiter Farms January 2022 Monthly Market Update

Jupiter Farms' active inventory remained steady in January 2022 with 15 current active listings - one fewer listing in inventory than last month at this time.  With 13 listings having closed in January, compared to 10 closing in December, overall inventory decreased slightly to a 1.2 month supply.  Low inventory continues to be the biggest limiting factor of our current market.   As of 2/21/2022, there are 28 homes under contract which is 2 fewer than last month due to the inventory shortage.

 

The average days on market for closed properties last month was 44 days with the median value being 37 days. The number of days to go under contract has been creeping higher in the last few months; however, the current pending numbers are showing a trend back to lower numbers.  The median list to sold price ratio was 98% indicating a strong sellers' market. 

 

Pricing increased slightly last month with the median sold price per square foot coming in at $331.99 per square foot. Jupiter Farms' prices have been increasing steadily over the last year.

 

Below is a list of the closed properties in Jupiter Farms last month:

For the complete market analysis, please see the following link:

Jupiter Farms January 2022

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Cindy Ann Thompson

Born in Kentucky, Cindy Ann moved around to several different cities in the Southeast as a child as her father completed his training as a cardiovascular surgeon at different universities. She was pr....

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