Jupiter Real Estate Market Update – May 2025 (Condos & Townhomes)
Jupiter Real Estate Market Update – May 2025 (Condos & Townhomes)
Jupiter Condo Market Update May 2025 | Jupiter Townhome
Is now a smart time to buy a condo or townhome — or should you wait? Today, I'm breaking down the real numbers for the Jupiter real estate market.
In this video, we will talk about median home sale prices, how fast homes are selling, and whether the market is shifting in your favor.
I'm Casey Prindle, your Jupiter Realtor. Every month, I break down the real numbers — so buyers and sellers like you can make smart, data-driven decisions.
What's next for the Jupiter Condo and Townhome real estate market? Higher prices? Slower sales? I’ll give you the inside track in today's report. Let’s dive into it.
The median price of condo’s and townhomes in Jupiter Florida is now $525,000.
$525,000 down year over year from $558,000. If you’ve watched other videos you’ve heard me say this, you can pretty much ignore median pricing in Jupiter. The sample size is too small, the chart too sporadic. The value I think you can get from it is zooming out and just saying overall pricing is up over the last 4 years. But you can’t really use this sample size to pinpoint anything in my opinion.
Total number of condo’s and townhouses sold in Jupiter Florida:
There were 69 condos and townhomes that sold in Jupiter last month. Still on the low side of the chart here, but looking like we may be climbing up. Year over year sales are down from 100 sales in April of 2024 to 69 sales April of 2025. I touched on this in the single family home video, and I’ll talk about it in this one, let’s look at seasonality. March and April sales tend to peak for the year before heading back down. While not quite as pronounced as on single family homes, there is a trend we can see historically. So if we pull back next month that will be normal. If you want to look at it another way the best time to be a Seller is the first 5 months of the year, it tougher to be a Seller during the back half of the year. Better to be a Buyer over the next few months.
My name is Casey Prindle your Jupiter Realtor. If you’re looking at buying or selling real estate in Jupiter go ahead call me at (786)443-7203. Don’t be shy and don’t wait! Whether you’re looking to make a move next week or next year, the sooner we speak the easier it is for me to provide value to you.
List to sales price:
For those of you knew to this analysis, list to sales price is the percentage of original listing price properties are selling for. A higher number favors sellers, a lower number favors Buyers as it shows more room for negotiation and price reductions are happening. Looks like we bounced back down after last month. Good news for Buyers there. Here’s how to look at this chart, if you’re a Buyer looking to offer 10% off asking price, you’ll be outside the norms and have a lower likelihood of getting that offer accepted. Sellers if you receive an offer 5% off your asking price and think the Buyers irrational, they’re probably not. That’s just the norm right now.
If you’re looking to purchase a home in Jupiter, please do one of the following. Give me a call (786)443-7203 and tell me where you are in your home search and what you’re looking for. Or if you’re too shy to call, you can text or email me. Don’t hide behind the computer, contact me!
Days on market:
The days of market are going to be the number of days a home is actively listed before going to pending sale. This is not how long it takes to close, just to go from active to pending. I was surprised last month when days on market pulled down, I’m not so surprised to see them rising back up. The condo and townhome market just feels slower right now. Year over year we’ve gone from 44 days on market to 61 days on market, so a sizeable increase there. My guess is we maintain this level of days on market or go higher over the next few months.
Median price per square foot:
Median price per square foot of Jupiter Florida condo and Townhome sales coming in at $347 psf. Down from $388 in April of 2024. I’ll restate the following: We’ve been pretty range bound since February of 2022. We just kind of keep bouncing around between $300 and $400 psf. If we break below that $300 level or above the $400 level it will be interesting. However, I always say don’t put a lot of stock in median psf numbers, our sample size is too small, but also we lump in condo and townhomes.
Total dollar volume of Jupiter Home Sales:
This is going to be a prime example as to why I focus on some statistics more than others. While I really value the total number of home sales, I don’t really value total dollar volume. Jupiter has a number of pricey properties that can throw volume way out of whack. This month is a great example of that. The top 5 condo and townhome sales (of which 4 out of those 5 sales took place in Bears Club and Admirals Cove) accounted for $20,550,000. That’s 36% of the total volume. So if you took that $20 million out, we’re down from last month. Again, don’t put a lot of stock in total dollar volume is my humble opinion.
If you’re thinking about selling a home in a week or a year from now, please give me a call. I can’t help you out if I don’t know you exist. My phone number is (786)443-7203. The sooner we start talking the easier it is for me to help you position the sale of your home, or the purchase of a new one. So let’s go, pick up the phone, or at least email me caseyprindle@gmail.com.
Months of inventory
I saved the best for last months of supply, my favorite market stat, and the one I want you to pay the most attention to. What does this chart mean? Months of supply is going to assume that if sales remained constant, this is the number of months it would take to sell all of the active inventory. Low supply is good for Sellers, high supply good for Buyers. The more supply the more choices Buyers have. Up over 34% the last 12 months. Not good for Sellers here. Good for Buyers in terms of active inventory to choose from! But let me be clear, we are in a Buyers market for Condos and Townhomes. Nationally 6 months of supply is considered a balanced market favoring neither buyers not sellers, we’re well above that.
The easiest way to find me is just to call me. My cell number is 786-443-7203. Don’t be shy. Don’t just lurk on my videos, give me a call, let’s chat. I sincerely appreciate each and every one of you that watches these videos. So come on, let’s talk, or have a coffee or a cocktail.
