Jupiter Real Estate

Everything you need to know about Jupiter’s current real estate market

Location

As the northernmost town in Palm Beach County, Jupiter borders the Atlantic Ocean and a long expanse of pristine, white sand beach coastline. In 2018, Jupiter was rated the 12th Best Beach Town in the United States by WalletHub and the 9th Happiest Seaside Town in the county by Coastal Living in 2012. 

Apart from its beautiful, vibrant beach culture, Jupiter, FL is known for its historic sites, such as a preserved pioneer-era homestead and museum dedicated to regional history. The red 1860 Jupiter Inlet Lighthouse overlooks the Loxahatchee River, providing panoramic views of the beachfront. Considered a hidden Palm Beach gem, Jupiter is attractive to those who appreciate its minimal development, luxury homes, and abundant green space.

Home Types in Jupiter, FL

Depending on your lifestyle, you can choose between living in a waterfront condo or a sprawling estate in golf and gated luxury communities like The Bear Club, developed by golf legend Jack Nicklaus. As a general rule of thumb, prices decline as you move away from the ocean. 

If you're looking for a single-family home or a modest one-bedroom unit, you can find these for under $300,000 in the western part of Jupiter. Families looking for homes near the Jupiter School District might seek one of the neighborhoods close to the schools. Abacoa is another planned development that also encompasses Florida Atlantic University and the scenic Florida campus of the Scripps Research Center. 

Jupiter, FL By the Numbers

Jupiter is a diverse place to live with a blend of singles, families, millennials, and retirees. The barrier island aptly called Jupiter Island is also part of town and is where you'll find several A-list stars and celebrity golfers like Celine Dion and Tiger Woods. The island has one of the highest per capita incomes in the country. The current population in Jupiter is approximately 65,700, while the island only hosts around 800 residents.

The average number of days Jupiter homes stay on the market is 52, a substantial decrease of 20 percent from the last quarter of 2020. The median price per square foot in Manhattan is $306, with the median home listing price around $550K, trending up 4.6% year-over-year. The median sold home price is $517.5K. The upper range of Jupiter homes can go as high as $37.9 million.

Jupiter Real Estate Market Trends

Home sale prices when it comes to Jupiter's real estate options have increased significantly since 2020, with the pandemic affecting the local housing market. Based on all homes sold in the past 12 months, houses sell for almost 16.5% more than they would have in May 2020. 

There is an 8.2% decrease in homes available during the pandemic. Now is a good time for anyone looking to sell as Jupiter is a seller's market right now, with homes selling much faster and for higher prices. The decreased inventory of Jupiter, FL homes for sale means that those eager to move to Jupiter may be willing to pay more for the houses available.

Jupiter, FL Real Estate Investment Opportunities

Jupiter is a prime location for investors, particularly if you love golf. Golf.com previously described Jupiter as "the epicenter of professional golf." Known for its attractions like the historic lighthouse and its breathtaking beaches, Jupiter has become a popular spot for investors. Because there is a strong buyer demand right now, more homes are being sold and staying on the market for shorter windows. 

If you're interested in investing in Jupiter property, now is a good time to do so, but you'll want to move fast as the best properties are getting bought quickly. As people seek out homes to fit their summer home and vacation needs, expect to see Jupiter's properties continue to sell at a rapid speed.