Is Hobe Sound, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hobe Sound has remained a Seller's Market.
Housing Prices in Hobe Sound, FL
How much do homes in Hobe Sound, FL cost?
Median Sold Price
$529,499
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hobe Sound was $529,499 in April 2024, up 1.9% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $443K | $200K | -54.9% |
2 Bedrooms | $319K | $365K | +14.4% |
3 Bedrooms | $582.5K | $615K | +5.6% |
4 Bedrooms | $837.2K | $950K | +13.5% |
5+ Bedrooms | $2.8M | $3.8M | +34.9% |
Summary: Hobe Sound housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.9%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 34.9%.
Median Sold Price Compared To Nearby Cities
Indiantown | $575K | $712.5K | +23.9% |
Port Salerno-Hobe Sound | $445K | $498.4K | +12.0% |
Hobe Sound | $519.6K | $529.4K | +1.9% |
Jupiter Island | $8.9M | $8.1M | -8.7% |
Housing Supply in Hobe Sound, FL
How many homes are available in Hobe Sound, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
169 | 159 | -5.9% |
Summary: The Hobe Sound real estate market had 159 homes for sale in April 2024, a 5.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 66 | 53 | -19.7% |
3 Bedrooms | 55 | 58 | +5.5% |
4 Bedrooms | 31 | 29 | -6.5% |
5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Hobe Sound housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 19.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 36 | +5.9% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Hobe Sound in April 2024, up by 5.9% month-over-month. Of the 36 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 56 Days | -6.9% |
Summary: Homes in Hobe Sound had an average of 56 days on market in Apr 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in Hobe Sound; 47% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.