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 March 2023
At the same time last year, Port Salerno-Hobe Sound was a Seller's Market.
Housing Prices in Port Salerno-Hobe Sound, FL
How much do homes in Port Salerno-Hobe Sound, FL cost?
Median Sold Price
$492,500
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Port Salerno-Hobe Sound was $492,500 in March 2024, up 10.5% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $168K | $185K | +10.1% |
2 Bedrooms | $298.7K | $313K | +4.8% |
3 Bedrooms | $515.6K | $540.4K | +4.8% |
4 Bedrooms | $875K | $890K | +1.7% |
5+ Bedrooms | $2.8M | $3.0M | +6.4% |
Summary: Port Salerno-Hobe Sound housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
Stuart | $339.3K | $413.9K | +22.0% |
Port Salerno-Hobe Sound | $445.5K | $492.5K | +10.5% |
Hobe Sound | $540K | $527.8K | -2.3% |
Housing Supply in Port Salerno-Hobe Sound, FL
How many homes are available in Port Salerno-Hobe Sound, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
508 | 538 | +5.9% |
Summary: The Port Salerno-Hobe Sound real estate market had 538 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 11 | -8.3% |
2 Bedrooms | 171 | 182 | +6.4% |
3 Bedrooms | 201 | 211 | +5.0% |
4 Bedrooms | 85 | 88 | +3.5% |
5+ Bedrooms | 39 | 46 | +17.9% |
Summary: The Port Salerno-Hobe Sound housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 72 | -1.4% |
Asking Price vs. Sold Price
62 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 72 homes were sold or pending in Port Salerno-Hobe Sound in March 2024, down by 1.4% month-over-month. Of the 72 sold homes, 86% were sold under asking, 11% were sold at asking, and 3% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 77 Days | +53.5% |
Summary: Homes in Port Salerno-Hobe Sound had an average of 77 days on market in Mar 2024, up by 53.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Summary: During March 2024, 72 homes were sold in Port Salerno-Hobe Sound; 33% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.