Is Hobe Sound, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$529,000
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hobe Sound was $529,000 in May 2024, up 1.8% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $443K | $200K | -54.9% |
2 Bedrooms | $316K | $370K | +17.1% |
3 Bedrooms | $580K | $600.5K | +3.5% |
4 Bedrooms | $782.5K | $965K | +23.3% |
5+ Bedrooms | $3.6M | $1.9M | -46.3% |
Summary: Hobe Sound housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.9%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 46.3%.
Median Sold Price Compared To Nearby Cities
Indiantown | $580K | $705K | +21.6% |
Port Salerno-Hobe Sound | $448.6K | $502.6K | +12.0% |
Hobe Sound | $519.6K | $529K | +1.8% |
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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
155 | 154 | -0.6% |
Summary: The Hobe Sound real estate market had 154 homes for sale in May 2024, a 0.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 50 | 45 | -10.0% |
3 Bedrooms | 60 | 68 | +13.3% |
4 Bedrooms | 29 | 29 | 0.0% |
5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The Hobe Sound housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 34 | -12.8% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Hobe Sound in May 2024, down by 12.8% month-over-month. Of the 34 sold homes, 79% were sold under asking, 9% were sold at asking, and 12% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 66 Days | +41.7% |
Summary: Homes in Hobe Sound had an average of 66 days on market in May 2024, up by 41.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Hobe Sound; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.