Is Hobe Sound, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hobe Sound is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Hobe Sound has remained a Seller's Market.

Key Takeaway

Hobe Sound is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Hobe Sound, FL cost?

Median Sold Price

$525,000

$283/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$146,000(+38.5%)

Key Takeaway

Homes in Hobe Sound have sold for 38.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $125K-
N/A
2 $239K$319.6K
+33.7%
3 $425K$558K
+31.3%
4 $590K$790K
+33.9%
5+ $5.1M$2.3M
-53.9%

Median Sold Price Compared To Nearby Cities

Indiantown
+40.8%
Hobe Sound
+38.5%
Port Salerno-Hobe Sound
+18.8%

How many homes are available in Hobe Sound, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
105113+7.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 2227
+22.7%
3 4144
+7.3%
4 2827
-3.6%
5+ 1415
+7.1%

Number of Homes Sold

Jul 2022Aug 2022%
1825+38.9%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hobe Sound, you may be able to get a good deal. 76% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
12 Days19 Days+61.5%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hobe Sound are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Hobe Sound, FL

Homes for sale in Hobe Sound, FL have reached 113. The number of homes for sale in Hobe Sound, FL increased by 7.6% between July 2022 and August 2022. In August 2022, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $525,000. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 33.7%, 3 bedrooms properties prices increased by 31.3%, prices of 4 bedrooms properties increased by 33.9%, 5 bedrooms properties prices decreased by 53.9%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 22.7%, the quantity of 3 bedrooms homes went up by 7.3%, 4 bedrooms homes inventory decreased by 3.6%, volume of 5 bedrooms homes went up by 7.1%. In August 2022 more than 4 listings in Hobe Sound, FL were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 19 were sold below.

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