Is Port Salerno-Hobe Sound, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Port Salerno-Hobe Sound has remained a Seller's Market.
Key Takeaway
Port Salerno-Hobe Sound is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Port Salerno-Hobe Sound, FL
How much do homes in Port Salerno-Hobe Sound, FL cost?
Median Sold Price
$502,605
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Port Salerno-Hobe Sound have sold for 12% more than they did a year ago.
Summary: The median home sold price in Port Salerno-Hobe Sound was $502,605 in May 2024, up 12% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $180K | +2.9% |
| 2 Bedrooms | $300K | $307.7K | +2.6% |
| 3 Bedrooms | $506.2K | $544K | +7.5% |
| 4 Bedrooms | $840K | $912.5K | +8.6% |
| 5+ Bedrooms | $3.4M | $2.7M | -20.0% |
Summary: Port Salerno-Hobe Sound housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 20%.
Median Sold Price Compared To Nearby Cities
| Port Salerno-Hobe Sound | $448.6K | $502.6K | +12.0% |
| Sewall's Point | $899K | $1.0M | +12.0% |
| Stuart | $366.7K | $410.8K | +12.0% |
| Hobe Sound | $519.6K | $529K | +1.8% |
| Jupiter Island | $8.9M | $8.1M | -8.7% |
Housing Supply in Port Salerno-Hobe Sound, FL
How many homes are available in Port Salerno-Hobe Sound, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 532 | 569 | +7.0% |
Summary: The Port Salerno-Hobe Sound real estate market had 569 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 176 | 183 | +4.0% |
| 3 Bedrooms | 211 | 234 | +10.9% |
| 4 Bedrooms | 92 | 97 | +5.4% |
| 5+ Bedrooms | 44 | 45 | +2.3% |
Summary: The Port Salerno-Hobe Sound housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 2.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 93 | 101 | +8.6% |
Asking Price vs. Sold Price
77 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Salerno-Hobe Sound, you may be able to get a good deal. 76.2% of homes here sold below asking price last month.
Summary: A total of 101 homes were sold or pending in Port Salerno-Hobe Sound in May 2024, up by 8.6% month-over-month. Of the 101 sold homes, 76% were sold under asking, 15% were sold at asking, and 9% were sold over asking.
Days on Market for Port Salerno-Hobe Sound, FL
How long does it take to sell a home in Port Salerno-Hobe Sound, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 67 Days | +99.4% |
Summary: Homes in Port Salerno-Hobe Sound had an average of 67 days on market in May 2024, up by 99.4% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Salerno-Hobe Sound are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 101 homes were sold in Port Salerno-Hobe Sound; 49% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.