Is Hobe Sound, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Hobe Sound was a Seller's Market.
Housing Prices in Hobe Sound, FL
How much do homes in Hobe Sound, FL cost?
Median Sold Price
$519,950
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $443K | $200K | -54.9% |
2 Bedrooms | $315K | $360K | +14.3% |
3 Bedrooms | $580K | $600K | +3.4% |
4 Bedrooms | $819K | $965K | +17.8% |
5+ Bedrooms | $3.6M | $1.8M | -49.6% |
Summary: Hobe Sound housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.9%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes decreased by 49.6%.
Median Sold Price Compared To Nearby Cities
Indiantown | $592.2K | $710K | +19.9% |
Port Salerno-Hobe Sound | $452.4K | $503.3K | +11.3% |
Hobe Sound | $520K | $519.9K | 0% |
Housing Supply in Hobe Sound, FL
How many homes are available in Hobe Sound, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
150 | 131 | -12.7% |
Summary: The Hobe Sound real estate market had 131 homes for sale in June 2024, a 12.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 45 | 42 | -6.7% |
3 Bedrooms | 64 | 51 | -20.3% |
4 Bedrooms | 30 | 30 | 0.0% |
5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Hobe Sound housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 20.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
39 | 19 | -51.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Hobe Sound in June 2024, down by 51.3% month-over-month. Of the 19 sold homes, 68% were sold under asking, 26% were sold at asking, and 5% were sold over asking.
Days on Market for Hobe Sound, FL
How long does it take to sell a home in Hobe Sound, FL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
20 Days | 21 Days | +2.3% |
Summary: Homes in Hobe Sound had an average of 21 days on market in Jun 2024, up by 2.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 19 homes were sold in Hobe Sound; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.