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 June 2023
At the same time last year, Port Salerno-Hobe Sound was a Seller's Market.
Key Takeaway
Port Salerno-Hobe Sound is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Salerno-Hobe Sound, FL
How much do homes in Port Salerno-Hobe Sound, FL cost?
Median Sold Price
$503,333
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Port Salerno-Hobe Sound have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Port Salerno-Hobe Sound was $503,333 in June 2024, up 11.3% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $180K | 0.0% |
| 2 Bedrooms | $300K | $305K | +1.7% |
| 3 Bedrooms | $503.7K | $545K | +8.2% |
| 4 Bedrooms | $846K | $906.2K | +7.1% |
| 5+ Bedrooms | $3.5M | $2.9M | -16.7% |
Summary: Port Salerno-Hobe Sound housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Cities
| Port Salerno-Hobe Sound | $452.4K | $503.3K | +11.3% |
| Stuart | $375K | $411.4K | +9.7% |
| Hobe Sound | $520K | $519.9K | 0% |
Housing Supply in Port Salerno-Hobe Sound, FL
How many homes are available in Port Salerno-Hobe Sound, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 548 | 519 | -5.3% |
Summary: The Port Salerno-Hobe Sound real estate market had 519 homes for sale in June 2024, a 5.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 176 | 166 | -5.7% |
| 3 Bedrooms | 219 | 210 | -4.1% |
| 4 Bedrooms | 98 | 94 | -4.1% |
| 5+ Bedrooms | 45 | 40 | -11.1% |
Summary: The Port Salerno-Hobe Sound housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 113 | 68 | -39.8% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
1 Home Was 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. 79.4% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in Port Salerno-Hobe Sound in June 2024, down by 39.8% month-over-month. Of the 68 sold homes, 79% were sold under asking, 19% were sold at asking, and 1% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 32 Days | 43 Days | +34.6% |
Summary: Homes in Port Salerno-Hobe Sound had an average of 43 days on market in Jun 2024, up by 34.6% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
8 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 June 2024, 68 homes were sold in Port Salerno-Hobe Sound; 54% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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