Jupiter Farms October 2021 Monthly Market Update

Dated: November 15 2021

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Jupiter Farms October 2021 Monthly Market Update

Jupiter Farms inventory remained constant in October 2021 with 25 current active listings and 2 coming soon listings.  With 18 listings having closed in October as well, inventory remained at a 1.25 month supply.   As of 11/15/2021, there are 22 homes under contract which is 5 fewer than last month.  Seasonally, October tends to be a slower month before the Holiday celebrations begin.  Additionally, low inventory issues continue with Palm Beach County just being "Sold Out."  Even real estate is having supply chain issues.

 

The average days on market for closed properties last month was 33 days with the median value being only 16 days.  Low number of days on market means that homes that are ready for market are selling very quickly and very close to... if not above asking price.  The median list to sold price ratio was 98%,  Of the 18 properties that closed last month, 8 homes closed at or above list price.

 

Pricing remained steady with the median sold price per square foot coming in at $278.68 per square foot. The median sold price in Jupiter Farms last month was $605,000 which is up from $577,000 in October indicating an increase in sold square footage. 

 

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 October 2021

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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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