Buying a $1 Million to $3 Million Home in Hobe Sound, Jensen Beach, Jupiter, Sewall’s Point & Stuart — August 2026
When a buyer begins searching for a single-family detached home between $1 million and $3 million in Hobe Sound, Jensen Beach, Jupiter, Sewall’s Point and Stuart, the search can cover a remarkably diverse group of properties.
Within the same price range, a buyer may encounter waterfront homes, acreage properties, homes within gated or golf communities, properties with pools, and conventional residential properties. Location, site size, waterfront influence, water access, view, condition, quality, age, living area and improvements can vary substantially.
That is why the asking price alone tells only part of the story.
For August 2026, I analyzed the market for single-family detached homes priced from $1 million to $3 million in Hobe Sound, Jensen Beach, Jupiter, Sewall’s Point and Stuart. The underlying MLS search included active, active-under-contract, pending and settled properties during the twelve-month search period.
This is intentionally a broad market analysis. It provides an overview of the market a buyer searching within these areas is encountering. It is not intended to establish the value of any individual property.
Appraiser’s Perspective (RD8755)
Thomas J. Dunphy III, State-Certified Residential Real Estate Appraiser RD8755
August 2026 Market Conditions
The overall data indicates a stable market with increasing indicators.
There were 267 settled sales during the prior seven-to-twelve-month period, followed by 203 settled sales during the prior four-to-six-month period and 161 settled sales during the current three months.
Combined, the current six-month period produced 364 settled sales, an increase of 97 sales compared with the prior seven-to-twelve-month period.
This indicates increased transaction activity during the current six months when compared with the preceding seven-to-twelve-month period.
Absorption Remains Above Its Earlier Level
The absorption rate was:
- 44.50 sales per month — prior seven to twelve months
- 67.67 sales per month — prior four to six months
- 53.67 sales per month — current three months
The current absorption rate has decreased from the prior four-to-six-month period but remains above the level reported seven to twelve months ago.
The prior four-to-six-month period experienced the greatest absorption rate of the three periods analyzed.
Active Inventory Has Increased
Active listings totaled:
- 161 — prior seven to twelve months
- 151 — prior four to six months
- 185 — current three months
The 185 active listings during the current three months represent the largest inventory level of the three periods analyzed.
Months of housing supply moved from 3.62 months during the prior seven-to-twelve-month period to 2.23 months during the prior four-to-six months and is currently 3.45 months.
Housing supply has therefore increased from the prior four-to-six-month period but remains slightly under where it stood seven to twelve months ago.
The increase in active listings gives buyers additional properties to consider. However, when the entire period is viewed together, months of housing supply has remained relatively stable.
Median Comparable Sale Prices
Median comparable sale prices were:
- $1,495,000 — prior seven to twelve months
- $1,370,000 — prior four to six months
- $1,540,000 — current three months
The prior four-to-six-month period recorded the smallest median comparable sale price while simultaneously producing the greatest absorption rate and the smallest months of housing supply.
During the current three months, the median comparable sale price increased to $1,540,000, the largest of the three periods analyzed.
This is also why median prices should not be interpreted by themselves.
The properties included in this analysis vary considerably. Changes in the mix of properties selling during any particular period—including differences in waterfront influence, acreage, location, living area, condition, quality and other characteristics—can influence the median.
For August 2026, I consider the overall pricing trend stable with increasing indicators.
Marketing Time Remains Relatively Short
Median comparable sales days on market were:
- 59 days — prior seven to twelve months
- 39 days — prior four to six months
- 40 days — current three months
Current median marketing time is approximately 40 days and has decreased compared with the earlier seven-to-twelve-month period.
For this segment of the market, a typical exposure time of approximately three to six months is considered reasonable, depending upon the individual property, its pricing and its competitive position within the market.
Median Comparable List Prices
Median comparable list prices were:
- $1,600,000 — prior seven to twelve months
- $1,599,000 — prior four to six months
- $1,500,000 — current three months
Median comparable list prices have decreased during the most recent period.
The current median comparable list price of $1.5 million is also slightly less than the current median comparable sale price of $1.54 million.
That should not be interpreted to mean that homes are generally selling above their asking prices.
The properties comprising the sale-price and list-price medians are not necessarily the same. Given the diversity of homes included within this $1 million-to-$3 million market, changes in the property mix can materially influence these statistics.
The Martin County Realtors of the Treasure Coast MLS reported no foreclosure or short-sale transactions during the twelve-month period ending August 31, 2026.
August 2026 Market Conclusion
After considering settled sales, absorption, active inventory, months of housing supply, median comparable sale prices, median list prices and marketing time, my overall conclusion for August 2026 is:
Stable with increasing indicators.
The increase in active inventory is something to watch. Buyers currently have additional properties from which to choose.
At the same time, the current absorption rate remains above where it stood seven to twelve months ago, the current median comparable sale price is the largest of the three periods analyzed, and median marketing time remains approximately 40 days.
No single statistic determines a market trend. The indicators have to be considered collectively.
Why the $1 Million to $3 Million Market Requires a Closer Look
This is where the broad nature of this market becomes particularly important.
The underlying MLS search produced 845 results and included single-family detached properties between $1 million and $3 million in Hobe Sound, Jensen Beach, Jupiter, Sewall’s Point and Stuart.
Within that search are properties in substantially different residential settings, including communities such as Sailfish Point, Beau Rivage, North River Shores, Langford Landing, Sewall’s Point and various Hobe Sound and Jupiter communities.
But these properties are not interchangeable simply because they fall within the same price range.
One property may have direct waterfront access. Another may be situated on acreage. Another may be located within a gated or golf community. Another may be a conventional residential property without those influences.
Living area, site size, construction, age, condition, quality, renovations, pools, waterfront influence, water access, view and community characteristics can all affect how buyers react to an individual property.
A $1.5 million property in one part of this search is not automatically comparable to another $1.5 million property somewhere else simply because the prices are similar.
That is why my approach comes back to one principle:
The overall market tells us the direction. The individual property tells us the strategy.
Tom the Realtor’s Perspective
Tom Dunphy Realtor (Fulton Grace Realty)
If I am representing a buyer searching for a home between $1 million and $3 million in Hobe Sound, Jensen Beach, Jupiter, Sewall’s Point or Stuart, this August 2026 market analysis gives us a starting point.
It tells us what is happening in the broader market.
But when my buyer finds a property they are seriously considering, the broad statistics aren't enough.
That is when I go to work on the individual property.
After touring the home and once my buyer selects a property they are considering making an offer on, I physically measure the property and prepare a sketch. I analyze relevant comparable sales and current competing listings and prepare an adjusted comparable-sale grid and supported value range.
The purpose is to help my buyer understand how the asking price relates to the available market data before deciding what to offer.
I don't tell my buyer what they have to pay.
The buyer makes that decision.
They may decide they want the property enough to pursue it aggressively. They may decide to negotiate. Or the analysis may lead them to decide that the asking price doesn't make sense for them.
But they are making that decision with property-specific information in front of them.
When You Find the Right Property, Be Prepared
The August data shows a current median marketing time of approximately 40 days.
That doesn't mean buyers should rush into a purchase.
It does mean that a buyer who finds a property that fits what they have been searching for should be prepared to evaluate it promptly.
A buyer may spend months searching for the right house. Once that house appears, however, they may not have months to decide whether to pursue it.
If you see something you really like, that is when the property-specific analysis needs to begin.
My job is to measure the property, analyze the relevant comparable sales and current competition, develop a supported value range, and provide my buyer with the information needed to make an informed decision while the opportunity is still available.
Once under contract, the buyer should obtain an independent professional home inspection and complete the appropriate additional due diligence.
Tom Dunphy Sells Real Estate. Just Does More.
What August 2026 Means for Sellers
For sellers, the August numbers tell another part of the story.
Current active inventory has increased to 185 listings, compared with 151 during the prior four-to-six-month period and 161 during the prior seven-to-twelve-month period.
Buyers have additional choices.
At the same time, properties continue to sell. The current absorption rate is approximately 53.67 sales per month, and median marketing time is approximately 40 days.
That makes the pricing and positioning of the individual property particularly important.
If I am representing a seller, I begin with the property itself.
I inspect and measure the home. I analyze the relevant comparable sales and current competing listings that buyers are most likely to consider alongside it. From there, I develop a supported pricing range and a strategy for bringing the property to market.
Waterfront influence, acreage, site characteristics, living area, condition, quality, renovations, pools, water access, view and other property-specific characteristics need to be considered.
The fact that another property somewhere within this broad $1 million-to-$3 million market sold for $1.5 million does not automatically make it comparable to your home.
The more important question is:
What are the properties that actually compete with your home selling for?
That is the analysis that matters.
What This Means for Buyers and Sellers
The August 2026 $1 million-to-$3 million single-family detached market in Hobe Sound, Jensen Beach, Jupiter, Sewall’s Point and Stuart is best characterized as stable with increasing indicators.
Buyers currently have additional inventory from which to choose, but properties continue to sell and median marketing time remains approximately 40 days.
For buyers, that means taking the time to find the right property while also being prepared to analyze it promptly when it appears.
For sellers, it means understanding where the individual property fits within its actual competition before establishing a pricing strategy.
For both sides:
The overall market tells us the direction. The individual property tells us the strategy.
Appraiser Certification
Thomas J. Dunphy III, State-Certified Residential Real Estate Appraiser RD8755
The August 2026 market statistics and appraisal-related analysis presented in this article were prepared by Thomas J. Dunphy III, State-Certified Residential Real Estate Appraiser RD8755, APPRAIS.
The market analysis is based on data reported by the Martin County Realtors of the Treasure Coast MLS, with an effective date of August 31, 2026.
This article is intended to provide general information regarding market conditions and does not constitute an appraisal of any specific property. Individual properties may differ based on location, site characteristics, waterfront influence, condition, quality, design, age, living area, amenities and other characteristics that may affect value.
A specific property analysis or appraisal requires consideration of the individual property, appropriate comparable market data and the applicable effective date.
Thomas J. Dunphy III
State-Certified Residential Real Estate Appraiser RD8755
APPRAIS
THE APPRAISER’S EDGE. THE RELOCATOR’S INSIGHT.