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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Salerno-Hobe Sound is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Port Salerno-Hobe Sound, FL cost?

Median Sold Price

$429,523

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$64,508(+17.7%)

Key Takeaway

Homes in Port Salerno-Hobe Sound have sold for 17.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $122.5K$156K
+27.3%
2 $213.3K$285K
+33.6%
3 $386.6K$474.3K
+22.7%
4 $632.4K$875K
+38.4%
5+ $2.2M$2.3M
+6.8%

Median Sold Price Compared To Nearby Cities

Sewall's Point
+73.4%
Hobe Sound
+41.4%
Stuart
+25.4%
Port Salerno-Hobe Sound
+17.7%

How many homes are available in Port Salerno-Hobe Sound, FL?

Number of Homes For Sale

Aug 2022Sep 2022%
347333-4.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 63
-50.0%
2 9192
+1.1%
3 141143
+1.4%
4 8571
-16.5%
5+ 2424
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
8864-27.3%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Salerno-Hobe Sound, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
23 Days24 Days+5.8%

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Port Salerno-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 Port Salerno-Hobe Sound, FL

Port Salerno-Hobe Sound, FL has 333 homes for sale to choose from. The number of listings in Port Salerno-Hobe Sound, FL decreased by 4% between August 2022 and September 2022. Listings spent 24 days on the market in September 2022, and had a median list price of $429,523 during the same period. Listing prices have changed in this real estate market between August 2022 and September 2022: prices of 1 bedroom properties went up by 27.3%, 2 bedrooms properties prices increased by 33.6%, 3 bedrooms properties became 22.7% more expensive, the cost of 4 bedrooms properties went up by 38.4%, 5 bedrooms properties prices increased by 6.8%. Housing inventory have changed in this real estate market: 1 bedroom homes became 50% less available, 2 bedrooms homes inventory increased by 1.1%, number of 3 bedrooms homes increased by 1.4%, number of 4 bedrooms homes decreased by 16.5%, volume of 5 bedrooms homes stayed the same. In September 2022 more than 11 listings in Port Salerno-Hobe Sound, FL were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 39 were sold below.

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