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 April 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
$498,416
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Port Salerno-Hobe Sound was $498,416 in April 2024, up 12% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $180K | +5.9% |
2 Bedrooms | $300K | $308.9K | +3.0% |
3 Bedrooms | $505.3K | $541K | +7.0% |
4 Bedrooms | $862K | $895K | +3.8% |
5+ Bedrooms | $3.2M | $3.0M | -4.4% |
Summary: Port Salerno-Hobe Sound housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
Stuart | $350K | $414.3K | +18.4% |
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 Port Salerno-Hobe Sound, FL
How many homes are available in Port Salerno-Hobe Sound, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
525 | 557 | +6.1% |
Summary: The Port Salerno-Hobe Sound real estate market had 557 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 178 | 189 | +6.2% |
3 Bedrooms | 202 | 218 | +7.9% |
4 Bedrooms | 88 | 93 | +5.7% |
5+ Bedrooms | 48 | 47 | -2.1% |
Summary: The Port Salerno-Hobe Sound housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 2.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 84 | +1.2% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 84 homes were sold or pending in Port Salerno-Hobe Sound in April 2024, up by 1.2% month-over-month. Of the 84 sold homes, 76% were sold under asking, 17% were sold at asking, and 7% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 56 Days | +3.1% |
Summary: Homes in Port Salerno-Hobe Sound had an average of 56 days on market in Apr 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 84 homes were sold in Port Salerno-Hobe Sound; 44% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.